2024-05-08 Malagasy Ariary News
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2024-05-07
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of the Exchange Rates
Upon reviewing the time-series data provided, it's clear that the exchange rate, denoted by "MGA", remains flat throughout the entire period with a constant exchange rate at 0.00031. In other words, there are no visible upward or downward trends in this dataset, indicating a stabilization of the mga currency during this period. The inability to observe a dynamic trend suggests a static market with no significant fluctuations in the currency's value.
Seasonality and Recurring Patterns
As the exchange rate remains constant throughout the dataset, it can be deduced that there are no discernable patterns or seasonality present in the data. However, under typical market conditions (not observed in this dataset), exchange rates might exhibit intra-day (hours of the day), weekly (days of the week), or monthly (times of the month) patterns, called seasonality trends. Unfortunately, because the observation of this analysis period reveals a stable exchange rate, it isn't feasible to identify or extrapolate any such patterns from this dataset.
Outliers
Since the exchange rate remains stable at 0.00031 during the entire observation period, no outliers can be observed. An outlier would typically represent a substantial deviation from the existing trend, suggesting a sudden significant rise or drop in the exchange rate. However, given the exchange rate's constancy in this dataset, we do not observe any outliers. This uniformity indicates a lack of significant external influences impacting the exchange rate during this particular period.
In conclusion, the dataset of the provided period represents a phase of stability for the currency with the absence of any significant fluctuation. This could be due to various factors such as market equilibrium, absence of any significant financial shifts, among others, during the said time period.
![Steady Stability: Unwavering Exchange Rate of MGA Amid Market Fluctuations](http://currencymart.net/images/news/malagasy-ariary/2024-05-08/img-0VGOaT0h6GogQaHWoqzE1mQu.webp)