2024-04-19 Ethiopian Birr News
2024-04-18
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 Analysis
After analyzing the ETB exchange rate data from the provided dataset over the timestamps given, it appears that the exchange rate mostly fluctuates within a range of 0.02410 to 0.02425. The exchange rate is stable for the most part, with only minor variations.
Seasonality and Recurring Patterns
Upon initial analysis, the dataset does not visibly show any explicit seasonality or recurring patterns. The ETB exchange rate fluctuations seem to be random and do not show any direct correlation with the timestamps. Any apparent patterns may be due to coincidental correlation rather than seasonality because the frequency of such patterns doesn't have a fixed period.
Outlier and Anomaly Analysis
Similarly, upon reviewing the data provided, it appears that there were no significant outliers or anomalies in the exchange rate. The value of the exchange rate seems to stay relatively stable, fluctuating within a narrow band.
A Note on External Factors
While this analysis hasn't specifically considered external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports, it's worth noting that such factors can have significant influence on the exchange rates. Future analysis could potentially yield more insightful results after accounting for such factors.