2024-04-18 Malagasy Ariary News
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2024-04-17
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the overall trend of the exchange rates
Based on the provided dataset, the overall trend of exchange rates of MGA appears to be stable. No significant increasing or decreasing pattern observed. The exchange rate remains constant at 0.00031 for a majority of timestamps, but experiences a slight increase to 0.00032 in some instances. However, these increases are only temporary, as the exchange rate falls back to 0.00031 shortly after.
Identifying any seasonality or recurring patterns in the changes of exchange rates
There don't appear to be significant seasonality or recurring patterns within the time frame of the data provided. The exchange rate stays remarkably steady throughout. Minor fluctuations observed do not demonstrate an apparent cyclical or repeating pattern. Therefore, it may be safe to infer that factors contributing to the change in MGA rate do not have a seasonal nature.
Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
The exchange rate experienced a slight increase to 0.00032 from the usual 0.00031 at different intervals. These instances can be perceived as outliers since they represent a departure from the well-observed constant of 0.00031. However, given the slight difference in these rates, the outlier does not signify any significant deviation from the norm. Thus, these occurrences of raised rates do not point towards any substantial irregularity in the exchange rate pattern.
Additionally, the dataset provided does not indicate any specific external events that could impact exchange rates. Therefore, without such additional context, it would not be appropriate to speculate on the reasons behind the seemingly random instances of exchange rate increases.
From these observations, it would appear that these isolated incidents of exchange rate increases are not indicative of a long-term trend, nor do they form a consistent pattern.
