Unwavering Stability AOA Exchange Rate Consistency Stuns Markets
2024-03-11
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 of the Exchange Rates
The overall trend for the exchange rates in the dataset provided appears to be fairly stable. The exchange rate of AOA remains at 0.00161 for the vast majority of the data points. However, there is a notable, albeit slight, increase to 0.00162 that occurs occasionally throughout the dataset. This increase repeats in a relative frequency, mostly maintaining within the range of 0.00161 and 0.00162. One deviation from the overall trend is identified at timestamp '2024-03-11 21:35:02', where the rate dropped to 0.00159 before bouncing back to the 0.00161 level.
Seasonality or Recurring Patterns
Based on the provided dataset, there doesn't appear to be any clear seasonal or recurring pattern in the changes of exchange rates. The data doesn't demonstrate intra-day or weekly seasonality, nor does any specific time of the day consistently lead to higher or lower rates. It's important to note that the absence of a discernable pattern might be due to relatively short time series data and the high stability of the exchange rate itself. More observations over an extended period of time might be needed to get a clear picture regarding any potential seasonality.
Outliers in the Exchange Rate
The exchange rate data is notable for its stability, with most rates sitting at 0.00161. Therefore, the instances where the exchange rate increases to 0.00162 can be considered minor deviations from the norm but not necessarily significant outliers. However, the exchange rate of 0.00159 at timestamp '2024-03-11 21:35:02' stands out as an outlier. It's a significant deviation from the otherwise quite uniform data.
Additional Considerations
While the analysis above provides a basic overview of the trend, seasonality, and outliers in the AOA exchange rate data, it should be noted that understanding financial exchange rates often requires considering external factors such as market opening/closing hours, weekends/holidays, and the release of key financial news and reports. However, in line with the provided guidelines, these factors weren't considered in this analysis. Additionally, while assessing the future trends for this financial data could provide valuable insights, per the provided instructions, forecasting future rates was not performed here.
