2024-05-16 Kwanza News
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2024-05-15
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Based on the data provided, a comprehensive time series analysis is performed, considering trends, seasonality, and potential outliers.1. Understanding the overall trend of the exchange rates
Interestingly, the AOA exchange rate shows a high level of stability. Over the time period represented in the data, the AOA exchange rate mainly stays around 0.00162 to 0.00163. The rate first stays at 0.00163 for a significant length of time but reduced slightly to 0.00162 after that, where it remained till the end of the period. The rate also briefly reached a peak of 0.00164.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
It is difficult to identify any seasonality or recurring patterns in this particular dataset within the context provided. The data period does not seem to reflect any regular intervals (like weekly, monthly, etc.) that display distinguishable patterns. The data remains relatively flat, hugging the 0.00162 and 0.00163 marks throughout the period with very few fluctuations.
3. Noting any outliers or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
There are a couple of noticeable occurrences where there small changes in the exchange rate within the period. These could be considered as mild outliers within this dataset as they do not conform to the norm. For instance, the exchange rate briefly increased to 0.00164, which is a slight deviation from the general rate. However, it is essential to note that this dataset does not have significant outliers, largely due to the flat nature of the exchange rate throughout the period covered.
!["Stability Reigns: AOA Exchange Rate Holds Steady"](http://currencymart.net/images/news/kwanza/2024-05-16/img-Z40atnE3hZlzYEYPppQ3IgBq.webp)