2024-05-02 Ghana Cedi News
2024-05-01
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 Analysis
Based on the provided data, the overall trend of the GHS exchange rate within the date range seems to be relatively stable with minor fluctuations. The exchange rate starts at 0.10027 on 2024-05-01 00:00:03 and ends at 0.10057 on 2024-05-01 23:55:02. The minimum value observed is at 0.09968 and the maximum at 0.10078 which suggests a relatively tight spread in the exchange rate.
Seasonality or Recurring Patterns
In terms of seasonality or recurring patterns, a more granular analysis could bring out patterns within specific hourly, daily, or monthly periods. However, within the scope of the provided data, which spans over a single day (1st May 2024), clear seasonality or recurring patterns might not be explicitly evident except for minor fluctuations which could be attributed to the natural ebb and flow of markets.
Outliers Analysis
Regarding outliers within this dataset, the standout would be the drop to 0.09968 at 2024-05-01 14:10:03 and the peak at 0.10078 at 2024-05-01 14:50:02. However, the exchange rates did return to the average levels swiftly in both circumstances. Therefore, these can be considered as natural volatility in the markets rather than consistent outliers.
In conclusion, the analysis of this dataset, while limited by the scope of its one-day span, does offer insight into the stability and general behavior of the GHS exchange rate within that period. A more extended dataset spanning over months or years would offer more concrete trends, seasonality, and outliers.