2024-05-10 Malagasy Ariary News
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2024-05-09
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
The overall trend of the exchange rates remains stable throughout the period displayed in the dataset. The MGA exchange rate does not seem to have considerable fluctuations and has maintained a consistent rate of 0.00031.
Seasonality and Recurring Patterns
Given the consistency of the exchange rate value over the time period, it is challenging to identify any inherent seasonality or recurring patterns. The consistency of the MGA exchange rate suggests that it is not heavily influenced by shifts or cycles within the timeframe provided.
Outliers
In this dataset, there are no notable outliers to speak of. An outlier in this context would be a significant deviation from the trend or an instance where the exchange rate differs extraordinarily from 0.00031. However, the exchange rate has uniformly remained at 0.00031, and no major deviations can be detected within the current dataset. This might suggest that the market conditions affecting the MGA exchange rate have remained remarkably stable during this period. It is also key to highlight that this stability does not rule out the possibility of unexpected market shocks in the future.
Note
It's important to bear in mind that while time-series analysis can provide valuable insights into a dataset's past behavior, it does not take into account external factors that can influence the exchange rates. Events such as financial crises, policy changes, geopolitical uncertainties, or black swan events can drastically deviate the actual values from our interpretations based merely on past patterns.
![Constant Stability Celebrated in the MGA Exchange Rates](http://currencymart.net/images/news/malagasy-ariary/2024-05-10/img-z9xoWZ3rTxT23AyaTaKnt8KL.webp)