2024-05-22 Cabo Verde Escudo News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall trend of the exchange rates
The exchange rate remained generally consistent at 0.01343 in the earlier part of the time period, with some minor fluctuations. There has been a minor decrease in the exchange rate around 2024-05-21 02:15:02 with the value dropping to 0.01342, but shortly recovered back to it's former level. After maintaining the consistent state till about 07:35:03 after which the rate saw an increasing trend reaching upto 0.01346 at around 7:40:03 to 8:05:03. After 8:05:03 the rate dropped to 0.01345 and seesawed between 0.01344 to 0.01345 till about 2024-05-21 10:10:02. At 10:10:02 there was a sharp decline through to 0.01339. The rate then had a minor fluctuated till about 14:55:03 after which the rate saw a declined trend till about 17:55:03 to 18:05:03 after which the rate generally went back to the consistently regular base rate of 0.01343, but some fluctuations in the rates were also observed at 20:05:03 - 21:55:02 the rate was at 0.01343 and again at 22:35:02 - 23:55:02.
Seasonality or recurring patterns in the changes of exchange rates
Based on the data provided, it is not immediately apparent if there is any seasonality or recurring pattern. The fluctuations seem to be random rather than at any particular time or period. However, we could potentially get more insight into this with a more detailed investigation including looking at patterns across similar periods on different days to see if any patterns emerge.
Outliers or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
- There is a peak observed at around 07:40:03 and 08:05:03 going upto 0.01347 which is outside the general range for this data
- Another noteworthy observation is a sudden fall to 0.01339 at 2024-05-21 10:10:02 which is a significant deviation from the preceding hour values.
- From 20:05:03 to 21:55:02 and 22:35:02 to 23:55:02 we can see an increase in rate from the consistently maintained rate i.e., 0.01343 to 0.01344 which could be considered as an anomalies in the data given.
It must be remembered that these are based on the bare data provided and further insights or confirmations would require deeper statistical analyses and perhaps additional data.
![Unwavering stability floats to a subtle surge as CVE exchange rates slowly climb](http://currencymart.net/images/news/cabo-verde-escudo/2024-05-22/img-pdJJtrYwUankmWp3BmFVCnSn.webp)