2024-04-24 Ethiopian Birr News
2024-04-23
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the Overall Trend of Exchange Rates (ETB)
After analyzing the ETB exchange rate against time-series data, it is observed that the rates appear relatively stable. They initially stick close to the values of 0.02408 and 0.02409 for a considerable duration. Then the rate achieved a peak at 0.02411 on 2024-04-23 05:10:02. However, immediately after that peak, there was a downtrend that gradually reached the lowest point, with rates falling to 0.02391. After the drop, the rates again started rising and ended at 0.02412.
2. Identification of Seasonality or Recurring Patterns
From the time-series data presented, the concept of seasonality or intraday patterns was quite tricky to identify. Since the data provided is within a single day, it's difficult to establish significant recurring day-to-day or month-to-month patterns or trends in the ETB exchange rate. Nonetheless, there's minute intraday fluctuation observed.
3. Noting Any Outliers
For the purpose of this analysis, the outliers are those observations that lie an abnormal distance from other values in a random sample from that population. For this dataset, there isn't a significant fluctuation in the rates that could depict the occurrence of any robust outliers.
One condition to note, though, is the slight rise at 2024-04-23 05:10:02 (the peak) where the rate hiked to 0.02411 from 0.0241, and a drop at 2024-04-23 11:00:03 when the rates fell to 0.02394 from 0.02405.
While these instances show a slightly higher change rate compared to the rest of the data, they are not extreme enough to be considered solid outliers.
It's important to note that given the nature of exchange rates, which can be affected by numerous unpredictable factors external to this dataset, occasional fluctuations (although not observed here) can be expected and may not always be considered outliers.
