2024-03-12 Mozambique Metical 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
Overall Trend
From an initial glance at the data, the exchange rate of MZN has fairly remained stable for the time period shown. The rate started at 0.02157 and seems fluctuating within a minor range ending at 0.02152. However, it has a slightly decreasing trend over time, as the peaks (rates) at later timestamps are marginally lower than the preceding ones.
Seasonality and Recurring Patterns
Due to the short period of the data and the seemingly stable state of the MZN exchange rate throughout, it's not immediately apparent if there's any strong seasonality or recurring patterns. However, closer inspection of the data shows minor fluctuations at regular short intervals of time. This may suggest a potential daily trading pattern, but would require additional data for confirmation.
Notable Outliers
There are no notable outliers in this data set. All exchange rate values lie in a similar range (between 0.0215 and 0.0216), and there are no abrupt jumps or falls. However, more sophisticated statistical analysis techniques can be employed to ensure this point, as some outliers might be subtle and not easily perceived through a general overview.
Final Thoughts
The MZN exchange rate, within this particular timeframe, shows a relatively stable behavior with slight downward trend. While there seem to be no alarming outliers, the detection of any recurring patterns or seasonality requires a broader data set covering multiple cycles of the suspected periods. Any anomalies or unique behaviors may be better explored by looking at a larger, more comprehensive dataset and applying advanced data analysis techniques.
