2024-04-19 Naira News
2024-04-18
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 of Exchange Rates
Upon evaluating the provided time-series data, it appears that the exchange rate of NGN predominantly stays stable at 0.0012 over the supplied timeframe. There are a few periods where the rate oscillates to 0.00119 but it invariably returns back to the 0.0012 level. This suggests a relatively stable exchange environment during this specific period. Thus, one could regard the exchange rate trend for the period as largely static with only minor fluctuations.
Seasonality and Recurring Patterns
No obvious seasonality or recurring patterns can be deduced from the provided data. The fluctuations between the 0.0012 and 0.00119 rate appear to happen irregularly with no specific time intervals or patterns. If there were more significant swings in the rate or consistent fluctuations during specific time intervals, we might be able to identify clear patterns or seasonality. In this case, however, the rate is overwhelmingly steady. That being said, this could change with more diverse data or over a longer period.
Outliers and Noted Anomalies
Given the stable nature of the rates during this period, there are no major outliers or anomalies in the data. Any shift from the 0.0012 level to 0.00119, although counted as a change, is quite minor and does not significantly stray from the general trend. Therefore, given the conditions of this period, there are no extreme outliers or abnormalities detected in the distribution of the exchange rates.
