2024-05-08 Nakfa News
2024-05-07
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 Analysis
The overall trend of the exchange rates shows a slight upward tendency over the time period provided. This means the rates generally increase, albeit by a small margin. The lowest ERN exchange rate of 0.09114 was observed at 2024-05-07 08:10:02, and the highest exchange rate of 0.09172 was recorded at 2024-05-07 23:10:02. Thus, in spite of fluctuations, there is a gradual increase in the value of ERN over the course of the day.
Periodicity and Seasonality
It appears that there is minimal clear-cut seasonality or recurring patterns, due to the granular nature of the timestamps (down to seconds level). However, there are some regular up and down fluctuations in the data, probably due to certain market dynamics, that could indicate some level of periodicity. It would require further, more complex statistical analysis, ideally with a larger dataset, to identify if there are solid patterns.
Outlier Analysis
With regard to outliers, this specifically granular dataset given within a span of a day does not seem to have extreme fluctuations that might indicate significant outliers in exchange rates. Rate changes remain around the same average and no significant spikes or deeps are detected which could be considered as an anomaly. Variation observed can broadly be understood as normal market rate fluctuations. That said, should a specific outlier detection algorithm be applied, it might yield more nuanced results.
Note
Please note that the factors such as market-opening/closing hours, weekends/holidays, or the release of key financial news and reports, which might have a significant impact on the exchange rates, were not taken into consideration in this analysis. If such factors would be added to the analysis process, they may change interpretation of certain trends and fluctuations.