2024-05-13 Ethiopian Birr News
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2024-05-12
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
The analysis of the given dataset reveals the following key characteristics in the time-series data for the exchange rates:
Overall Trend
From the data provided, the exchange rate appears to be steady on the whole, with values predominantly ranging from approximately 0.02377 to 0.02432. There's a slight decrease suggesting a downward trend over the period shown. Therefore, although the exchange rate fluctuates somewhat within a small range, it generally seems to edge lower. However, further data and time would be required to confirm the persistence of this downward trend.
Seasonality
Any true seasonal variations or recurring patterns are not immediately clear from the presented data. It appears to fluctuate quite randomly without any clear cyclical pattern on a daily, weekly, or monthly basis.
Outliers
Regarding outliers, there aren't significant deviations observed from the generally consistent range of values. Most of the values hover between 0.02377 and 0.02432 with no abrupt spikes or drops which suggests the absence of extreme outliers.
Please note, this analysis is purely statistical and technical based on the numbers provided. It does not take into account external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. The actual trends and patterns could vary when these factors are considered.
![ETB Exchange Rates Exhibit Gradual Declines in April](http://currencymart.net/images/news/ethiopian-birr/2024-05-13/img-KyaKr48xh80NVe0ryZJwLr0K.webp)