2024-05-22 Ghana Cedi News
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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 of the Exchange Rates
Based on the provided time series data, we see that the exchange rates fluctuate within a relatively small range. Overall, the change in exchange rate is very slight and subtle, indicating that it neither increases nor decreases significantly over the given period. In fact, the rate oscillates between 0.09396 and 0.09492 and the changes appear mostly random without a clear increasing or decreasing pattern.
Seasonality or Recurring Patterns
In terms of seasonality or recurring patterns in the changes of exchange rates, there doesn't appear to be any obvious indications in this dataset. The exchange rate fluctuates, but these fluctuations do not show a clear cyclic or repetitive pattern that could infer to a daily, weekly, or monthly trend. These findings implies that the changes in exchange rates across the given times are less likely to be influenced by routine market dynamics such as opening or closing hours, weekends/holidays, etc.
Outliers
In detecting outliers where the exchange rate fluctuates significantly compared to the general trend, there does not seem to be any such instances considering the entire dataset. There is a slight surge in exchange rate value from 0.09436 to 0.09476 on 2024-05-21 at 10:10:02 but this could be just normal variability due to market conditions and does not seem to deviate excessively from the normal trend. Moreover, it soon returns to the common trend which excludes the possibility of being an outlier.
It should be noted that this analysis is based purely on historical data provided and considers exchange rates as a standalone variable. No external parameters such as economic indicators, financial news or events have been considered. The absence of such information may limit the accuracy and comprehensiveness of this analysis.
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