2024-05-14 Mozambique Metical News
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2024-05-13
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of Overall Trend
Upon examining the given dataset, it is apparent that the exchange rates have remained relatively stable around the value of 0.02155 throughout the period under study. The rate fluctuates between minimum and maximum values of 0.02152 and 0.02156, respectively. This narrow range suggests that there is no significant upward or downward trend, and the exchange rates were stable during the period.
Seasonality and Recurring Patterns
In terms of seasonality or recurring patterns, a closer examination of the data does not clearly yield any cyclical behavior or distinct repeating patterns. The value hovers around 0.02155 with minor variations above and below this point. However, a more detail-oriented analysis with statistical tools such as spectral analysis or autocorrelation might reveal whether there are any subtle seasonality patterns happening at granular time intervals that are not immediately obvious from the basic analysis.
Identification of Outliers
Given the comparatively small range of values, the data doesn't seem to display any significant outliers. All exchanged rates observed exist within a tight group around the 0.02155 level. There doesn't seem to be any instance where the exchange rate differs extraordinarily based on the trend or putative seasonality. However, formal outlier detection techniques could be employed to confirm this initial observation more rigorously.
![Minor Fluctuations in MZN Exchange Rate Observed](http://currencymart.net/images/news/mozambique-metical/2024-05-14/img-ILLmnWzRqUTVMHVyUZlyhV88.webp)