2024-05-02 Malagasy Ariary News
2024-05-01
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of Exchange Rate Data
Based on the provided data, the following conclusions can be drawn:
Overall Trend
The overall trend of the exchange rate (MGA) over the specified time period seems to be quite stable. The data shows that the exchange rate remained constant at 0.00031 throughout all timestamps given in the dataset. While keeping in mind that exchange rates can fluctitate due to economic factors such as inflation, trade, and market expectations among others, this data paints a picture of a relatively stable currency over this period of time.
Seasonality/Trends
Given that all the given values stay on a flat line throughout the whole dataset, there is no visible seasonal or recurring pattern that can be identified. The rate does not seem to rise or dip at any specific times or intervals. For instance, one can often see certain patterns occur during business days versus weekends, or specific times of the day when trading activity may increase or decrease. However, such pattern cannot be observed here.
Outliers
As the all the recorded rates stay steady at 0.00031, there are no outliers in this dataset. In this context, an outlier would mean a significant divergence from this dominant range. No such values have been recorded, indicating the lack of any sudden shocks or extreme events that drastically affected the currency in the covered period.
It must be noted however - an absence of variation in exchange rates is unusual for currency markets and could be the result of data constraints, or it could point toward specific characteristics of the underlying market or economic conditions.