2024-05-09 Dalasi News
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2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Data Overview and Analysis
The given data presents the changes in the exchange rate (GMD) over 366 individual time points, from 2024-05-08 00:00:02 to 2024-05-08 23:55:02.
Overall Trend
Upon review of the data set, it is clear that the exchange rate for GMD essentially remains quite stable throughout the time series. Apparently, there is no significant increasing or decreasing trend over the period shown. The rate starts at 0.0203 at 00:00:02, oscillates a little bit during the period, reaching a low at around 0.02025 several times, and maxing out at 0.02031 on a few instances. By 23:55:02, it stands at 0.02025, relatively unchanged from the beginning of the day.
Seasonality or Recurring Pattern
In terms of seasonality or recurring patterns, the time series does not show clear-cut evidence. The minor fluctuations in the rate seem to occur randomly throughout the time points, and no distinct cyclical pattern emerges from the data. However, it's noticeable that the rate mostly fluctuates between 0.02025 and 0.02031, with occasional deviations.
Outliers
The data does not appear to contain any significant outliers. Most variations in the GMD exchange rate are minimal, staying within a narrow range. There is no instance where the exchange rate differs significantly from the average rate for the period.
Given these insights, it's important to note that these fluctuations, although small, might be highly important in a trading context based on the volumes dealt with. However, it should also be noted that without considering external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports, this analysis solely represents the scenario exhibited by the data provided.
![Stability Reigns Supreme: GMD Exchange Rate exhibits remarkable consistency](http://currencymart.net/images/news/dalasi/2024-05-09/img-R51GS89Ktyx7n3iMEPQfSYFq.webp)