2024-05-22 Mozambique Metical News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of the dataset
From an initial view of the provided data set, we can make some observations about the exchange rate. This data set spans from May 21, 2024, at intervals of approximately 5 to 10 minutes.
Trend Analysis
Based on the data available, it is evident that the exchange rate is relatively stable. The value oscillates slightly around 0.02146 - 0.02151 range. There is no substantial increase or decrease noticed in the given time frame; the overall trend hints at a stable exchange rate scenario.
Seasonality or Recurring Patterns
Since the data set only spans a single day, it is challenging to identify seasonality in a strict sense, as this often refers to patterns recurring over more extended periods, such as weeks, months, or years. However, momentary fluctuations could be noticed in this punctual data, but no recurring pattern or seasonality is visible within this one-day data period.
Outliers
No significant outliers are spotted within this dataset. All the values are lying closely within a tight range, and no singular point seems to diverge drastically from the rest. This situation demonstrates the exchange rate's overall steadiness during this time frame. It is essential to note that even small variations in exchange rates can have significant impacts due to the scale at which they operate.
Conclusion
This brief analysis shows that on May 21, 2024, the exchange rates remained relatively stable with no drastic changes. It is not possible from this data set to identify recurring seasonal patterns or fluctuations based on the given day's data. However, more prolonged observation might reveal such patterns, which might be obscured in this short period.
![Minimal Fluctuations Detected in MZN Exchange Rates Amid Steady Market](http://currencymart.net/images/news/mozambique-metical/2024-05-22/img-ge8Du5BjJu1eNMxE8Zu5VPuv.webp)