2024-03-12 Nakfa News
2024-04-23
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the Overall Trend
Starting from a broad perspective, the ERN exchange rate over the provided dataset shows minor fluctuations, although a significant dip in the exchange rate can be observed in the latter part of the dataset. The initial starting prices are hovering around 0.09132 ERN and gradually increase towards the peak value of 0.09142 ERN. However, towards the end of the data series, the exchange rate experiences a downward trend, with the rates declining to the lowest of 0.09104 ERN.
2. Seasonality or Patterns
As far as the seasonal pattern is concerned, no significant seasonal fluctuation in the ERN exchange rate within the single day is observable from the given data. The exchange rates demonstrate random walk characteristics, wherein the rates fluctuate around a steady mean value, without any noticeable repeated patterns. It is important to note that the observation period might not be extensive enough to detect longer-term seasonal patterns.
3. Outliers in Exchange Rates
The dataset appears to be quite stable without any evident outliers. The data values fall within a very narrow range and do not show jumps or significant unexpected price movements. However, a deeper statistical analysis may be required to identify any subtle outliers not evident through a casual review of the data.
Note: As per your instructions, the analysis was conducted without considering external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Therefore, the analysis is purely based on the provided exchange data without incorporating any external environmental factors.