2024-04-16 Ghana Cedi News
2024-04-15
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
The overall trend of the exchange rate appears to remain relatively stable, with minor fluctuations throughout the day. The data starts at an exchange rate of 0.1023 and ends at 0.10222, suggesting a marginal decrease over the time period provided. However, the variations throughout the day do not denote any clear increasing or decreasing trend, thus we can say the trend is largely stable.
Seasonality and Recurring Patterns
When analyzing the time-series data for the exchange rates, there is no clear indication of seasonality or recurring patterns. The minor fluctuations throughout the day do not appear to follow a consistent pattern that would suggest any form of seasonality. Time series typically demonstrates patterns across a longer time frame (years) rather than within a single day. Without this broader context, identifying patterns at this granularity is often misleading.
Outliers Analysis
In reviewing the data, there were no significant outliers observed. The exchange rate fluctuated within a very tight range between a maximum of 0.10255 and a minimum of 0.10213. Hence, it appears exchange rate remained quite consistent and stable, with no instances of significant deviations from its general pattern of minor fluctuations.