2024-05-22 Ethiopian Birr News
2024-05-21
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
Based on the provided dataset, the exchange rate (ETB) significantly stays constant with minor fluctuations over time. The data started at an exchange rate of 0.02372 and remained steady for several timestamps. There are minor hikes and falls observed throughout the series; however, the ETB rate mostly fluctuates around 0.0237 – 0.0238.
Recurring Patterns
From the data set, it appears that there is no apparent seasonality or recurring trend. The changes in the ETB exchange rate do not exhibit a predictable pattern over the day or certain time frames. Significant shifts in the exchange rate are rather infrequent and subtle, and the exchange rate mostly fluctuates around a relatively fixed band.
Outliers
Regarding outliers, the dataset has a staying close to the range of 0.0237 and 0.0238; instances where it moved out of this range could be considered as outliers. Specifically, the changes to 0.02374 towards the end of the dataset can be regarded as an unusual surge. However, given the overall very narrow range of fluctuations, these deviations are relatively modest.
Key Observations
- The dataset shows minimal fluctuation in the ETB exchange rate, with a slight increase noted towards the end of the timeframe.
- There are no apparent recurring patterns suggesting any seasonality in the exchange rate.
- There are no major outliers, and the entire dataset stays in a narrow range.
Note: This analysis does not consider external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports, and it does not generate a forecast for future exchange rates.