2024-04-18 Ghana Cedi News
2024-04-17
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 the exchange rates
The dataset provided represents the exchange rate data (GHS) over time, specifically over a 24-hour period from 2024-04-17 00:00:02 to 2024-04-17 23:50:02. The overall trend of the exchange rate appears to remain somewhat stable. The data shows slight fluctuations, but no drastic increase or decrease in the exchange rate over the period provided. The value started at 0.10287 and ended at 0.10256, indicating a slight overall decrease.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
Given this data covers a single day, it's challenging to identify any definite seasonality or recurring patterns. However, we see more substantial fluctuations during certain periods, suggesting possible time-dependent changes in volatility. Generally, there are periods of stability, followed by short periods of slight increases or decreases, which could indicate a pattern depending on the timing. Longer-term data would be needed to ascertain any seasonality or specific recurring trends.
3. Noting any outliers or instances where the exchange rate differs significantly
Throughout the timespan in question, the largest single period change occurs at 20:05:02 where the exchange rate jumped from 0.10246 to 0.10265, which is notably higher than the shifts observed at other timestamps. This instance may qualify as an outlier, as it stands out from the relatively stable rate seen in most of the dataset. However, any potential factors, such as impactful financial news or market opening/closing hours, aren't considered in analyzing this outlier.