2024-04-26 Nakfa News
2024-04-25
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 of the exchange rates
Upon analysis, the overall trend of the exchange rates for the provided dataset appears to be generally stable with slight fluctuations. The maximum exchange rate seen in the data is 0.09151 and the minimum exchange rate is 0.09101. Although there are some small variations in the exchange rate, there is no obvious trend towards a long-term increase or decrease in the value. Instead, the exchange rate mostly stays within the range of 0.0091 to 0.0915 throughout the period.
2. Identifying seasonality or recurring patterns
Given the limited timestamp ranging only over a single day, it is difficult to accurately identify any definitive seasonal or recurring patterns in this dataset. Generally, in financial time series data, seasonality could be observed over longer periods such as quarterly, monthly or weekly. However, this dataset does not indicate any clear seasonality or cyclical patterns. There may be shorter period fluctuations happening intra-day, but additional data across multiple days would provide a clearer picture.
3. Outliers in the Dataset
An outlier in a dataset is an observation that lies an abnormal distance from other values. In the provided dataset, there were no prominent outliers where the exchange rate differed significantly from the general range of values (0.09101 - 0.09151). The values seem to be encompassed within a narrow range portraying a relatively stable data without any significant variations or spikes in the exchange rate.
Lastly, as requested, external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports were not considered in this analysis as we are dealing with a single day data. For a more comprehensive analysis, including consideration of these factors, data over a longer period would be necessary. Also, as notified no forecast for future rates was generated.
