Gentle Ascent of MZN Reflects Stable Exchange Environment
2024-05-20
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
Overall Trend of The Exchange Rates
From an initial reading of the dataset, it is clear that the mzn exchange rate predominantly oscillates around 0.0214 and 0.0215. While the data does demonstrate variations, the variances within the provided snippets of time are minor. The data suggests a relative stability in the exchange rate's overall trend over the period in question.
Seasonality or Recurring Patterns
In terms of seasonality and recurring patterns, more data points, preferably covering full daily cycles and multiple seasons, would be required to make a comprehensive determination. However, with the existing data, no clear recurring seasonal pattern can be identified confidently. More time-indexed data would be required to assess if there are intraday or intraweek patterns in the exchange rate.
Outliers
An outlier analysis typically involves looking at deviations from the mean or median beyond a certain factor of the standard deviation. Within the provided data, no extreme outliers can be observed. The provided mzn exchange rates all tend to be very close to one another, without substantial jumps or drops within the observed timespan. Given more data, a more sophisticated outlier detection method could be employed.
Consideration of Other Factors
Currently, this analysis does not take into account factors such as market opening/closing hours, weekends or holidays, or the release of important financial news and reports. While these variables can indeed influence exchange rates, they have not been considered for this rudimentary analysis. It might be useful in future analyses to examine how such performance is affected by these external factors.
