2024-05-15 Naira News
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2024-05-14
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
The dataset provided is a time-series dataset showing the ngn exchange rates for every 5 minutes on 14th May 2024 i.e., from 00:00:02 to 23:55:02. Below is a comprehensive analysis of the dataset:1. Understanding the Overall Trend of The Exchange Rates
The exchange rates in the given dataset are generally decreasing over the period shown. The rate started on 14th May 2024 at 0.00095 and ended the day at 0.00091, showing a trend of the exchange rate decreasing throughout the day.
2. Identifying Seasonality or Recurring Patterns in The Changes of Exchange Rates
The dataset does not present a clear seasonal or hourly pattern as each row represents a 5-minute interval in a single day. Typically, identifying seasonality or recurring patterns requires a much larger dataset covering multiple months or years. However, the general trend observed over this 24-hour period is that of a gradual decrease.
3. Noting Any Outliers
The dataset seems highly consistent, with no visible outliers. The rates slowly decrease from 0.00095 to 0.00091 over the day. There isn't any instance where the exchange rate differs significantly from what would be expected based on the trend observed. The rates vary by just 0.00001-0.00002 throughout the day, which indicates a generally stable rate with a slight downward trend.
![Stability in NGN Exchange Rate Observed in Mid-May 2024](http://currencymart.net/images/news/naira/2024-05-15/img-lXfJbaT5qFd0BMiLheFTP777.webp)