2024-05-06 Malagasy Ariary News
2024-05-05
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
Upon analyzing the data provided, it is evident that the MGA exchange rate has mostly remained consistent over the period shown in the data. From 2024-04-05 to 2024-04-29, the exchange rate was stable at a rate of 0.00031. However, there were a few instances where the exchange rate increased slightly to 0.00032, specifically, on the dates 2024-04-15 and 2024-04-16, 2024-04-18 and 2024-04-16.
Seasonality and Recurring Patterns
The data does not show noticeable seasonality or recurring patterns in the changes of exchange rates. The rate mostly remained constant throughout different times, not showing any clear repetitive or systematic fluctuation which is often indicative of seasonality.
Outliers Analysis
Considering the overall consistency of the exchange rate, the few instances where the rate slightly increased to 0.00032 could be considered as outliers in this context. These occurred on the dates mentioned above: 2024-04-15 and 2024-04-16 and 2024-04-18. Nevertheless, the change is slight and might not significantly impact the overall trend and pattern.
Note
This analysis was conducted purely based on the provided time-series data without considering any specific event or the external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports, as requested. Also, no forecast for future rates has been generated.
Recommendation
Given the overall consistency of the exchange rate, it could be predictable for short-term financial planning or decision-making. However, care should be taken, as exchange rates are influenced by multiple factors, including those not considered in this analysis. Additionally, the presence of few outliers, though slight, should be taken into account as they could indicate potential turbulence or instability in the rate.