2024-05-15 Ethiopian Birr News
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2024-05-14
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 Analysis
After careful analysis of the given data set, the following observations were made.
1. Overall Trend
The overall trend of the exchange rates, when observed across the entire period, seems to be relatively stable. The exchange rates range from approximately 0.02375 to about 0.02387. These values signify a minimal fluctuation, generally maintaining around the 0.0238 range. Therefore, no significant increase or decrease trends are evident from the given period.
2. Seasonality or Recurring Patterns
In terms of seasonality or recurring patterns, the dataset appears to be random, with no apparent periodic or cyclical pattern. The rate primarily hovers around the 0.0238 mark throughout the timestamps with minor fluctuations. This could potentially indicate that the exchange rate is more influenced by other external factors, rather than time-based events.
3. Outliers
The dataset seems to lack any significant outliers, as the data points largely stay within a minimal range. This suggests that the exchange rate is relatively stable for the given time period without any significant changes.
Conclusion
In conclusion, the ETB exchange rate displayed in the dataset is mainly consistent with minimal fluctuations. The data does not show any distinct trends, recurring patterns, or particular outliers. Rather, the exchange rate appears to maintain around a 0.0238 mark throughout the given timestamps. Consequently, these observations might indicate that the exchange rate is more likely influenced by external factors rather than time-based events.
It's essential to take into account that this analysis was carried out purely based on the provided dataset and did not take into account any external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports.
![Strong Show of Stability as ETB Exchange Rate Maintains Consistent Trend Throughout the Day](http://currencymart.net/images/news/ethiopian-birr/2024-05-15/img-SruX4sW1vhypa4RNrXaE6irg.webp)