2024-05-14 Naira 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
Overall Trend of the Exchange Rates
The entire dataset provided for the exchange rate (NGN) retains its stability in three noticeable increments. The first noticeable increment is between the timestamp '2024-05-13 00:00:02' and '2024-05-13 03:10:02', where the exchange rate remains constant at 0.00093. The second increment occurs when the exchange rate jumps slightly to 0.00094 at '2024-05-13 03:10:02' till '2024-05-13 07:40:03'. The third and the final increment happens at the timestamp '2024-05-13 07:40:03' where the rate increase to 0.00095 and maintains this rate till the end of the given dataset at '2024-05-13 23:55:02'. These observations suggest that the NGN exchange rate has been steadily and slightly increasing during the given time.
Seasonality or Recurring Patterns in the Exchange Rates
Within the provided dataset, there are no clear periodic or seasonal variations in the exchange rates. The exchange rate remains constant for prolonged periods before a minor increase. After each increase, the new rate is consistently maintained without fluctuation, suggesting there are no intra-day seasonal effects within these periods.
Outliers in the Exchange Rates
The analysis of the provided dataset reveals no outliers in the exchange rates. The changes in the exchange rate happen gradually and predictably, with no drastic jumps or falls that would suggest anomalies or irregularities. This pattern indicates that the exchange rates are stable and no exceptional factors influenced them during the given data period.
Please note, this analysis does not consider external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports as instructed.
![Subtle Rise in NGN Exchange Rate Observed Over Continuous 24 Hours](http://currencymart.net/images/news/naira/2024-05-14/img-AReKrcSOdmkyVVsVlFvBBseB.webp)