2024-05-03 Kwanza News
2024-05-02
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
Observing the data, it primarily indicates that there is a significant stability in the exchange rates for the dataset. The rate is predominantly at 0.00164, only dropping marginally to 0.00163 towards the ending part of the data. Therefore, it can be inferred that over the period shown there is an overall trend of stability in the exchange rate with a very slight decrease near the end of the period.
Seasonality or recurring patterns
Due to the stable nature of the dataset, identifying seasonality or recurring patterns is challenging. The data doesn't show any immediate, easily discernible seasonal fluctuations or rhythmic patterns,given that the exchange rate remains constant at 0.00164 for the major part of the dataset.
Outliers
Given the consistency of the rate in this dataset, it is observed that there is no distinct outliers or instances where the exchange rate differs significantly from the majority of the dataset. Predictably, fluctuations in the exchange rate can be considered normal and expected due to the international nature of exchange rates and their susceptibility to global events.
Conclusion
Overall, the dataset demonstrates a high degree of stability in the exchange rates with a minuscule drop towards the end. The consistency of the data provides limited opportunity for identifying significant patterns or outliers. Moving forward, gathering data over a longer time span, or at different times, may provide deeper insights into the behaviour of the exchange rates. It's vital to note that various external elements can influence exchange rates, but were not considered for this analysis as per the request.