2024-05-06 Dalasi News
2024-05-05
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of GMD Exchange Rates Time series data
This is a step by step analysis of the provided time series data. Firstly, the data set consists of date and time in the timestamp format and GMD exchange rate at that particular date and time.
Overall Trend
From the data provided, it can be seen that the GMD exchange rate has varied slightly between 0.01996 and 0.02039 during the period under review (April to May 2024). There is a very mild upward trend in the exchange rate, as the rates have generally increased from the start to the end of the data set. However, the overall volatility of the rate is relatively low, indicating relative stability over the studied period.
Recurring patterns
No particular recurring patterns or seasonality can be pointed out directly from the data set, perhaps due to the limited time period covered. Further analysis might identify weekly or even daily patterns.
Outliers
From the given dataset, one could observe there are no significant outliers or drastic rate changes that tilt away from the general trend. The exchange rates generally fluctuated within a very narrow range, and no irregular spikes or crashes were detected.
External Factors
As instructed, this analysis does not consider external impact factors like market hours, weekends/holidays, or financial news events. However, it's usually essential to note that these factors can significantly influence exchange rates, and a complete analysis could consider these aspects for a comprehensive view, especially on a broader timeline and for higher volatility currencies.
In conclusion, the data set reflects a generally stable and lightly increasing trend for the GMD exchange rate over this brief period of April to May 2024. While this behaviour might not remain persistent over extended periods or under the impact of critical external events, the trend extracted from this data provides a broad understanding of the exchange rate pattern during this time.