2024-04-24 Malagasy Ariary News
2024-04-23
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the overall trend of the exchange rates
Looking at the data provided, it is observed that the exchange rate quoted for MGA is constant throughout the time series data provided at 0.00031. Therefore, it can be inferred that the overall exchange rate has remained stable over the period shown. This could possibly imply a steady or balanced market for this particular exchange rate during this period. However, without any specific variations or fluctuation in the exchange rate, it is challenging to determine any meaningful upward or downward trend.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
As the exchange rate data provided has shown no change throughout the time series data, we cannot identify any seasonality or recurring patterns in the changes of exchange rates. Seasonality and recurring patterns typically become evident with variations to the data over time, which is not the case in this instance. Therefore, we can only conclude that the exchange rate has remained level and consistent during the given time frame, without any evidence of periodic or cyclical fluctuations.
3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
Given the uniform nature of the provided exchange rate data, there are no instances of outliers or significant deviations from any defined trend. An 'outlier' is typically understood to be a data point that differs significantly from other observations. Considering our data, all observations are identical, and hence, no single data point stands out or deviates from the rest. Therefore, we can imply that the exchange rate has remained consistently stable without any exceptional fluctuations.