2024-05-13 Nakfa News
2024-05-12
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the overall trend of the exchange rates
Upon analysis, the overall trend of the data seems to fluctuate within a relatively small range and no consistent, high-level trend toward increase or decrease can be discerned. There are periods where rates increase, decrease, and remain stable. The starting ERN exchange rate on 2024-04-12 was 0.09148 and ended at 0.09112 on 2024-05-10. It can be observed that the rate decreased slightly over the period shown, but this change is minimal.
Identifying Seasonality or Recurring Patterns
Seasonality or recurring patterns are difficult to confirm definitively with the given data set. The data period of just under a month might be insufficient for establishing annual or semi-annual seasonality patterns. However, there seems to be some mild intra-day fluctuations. At certain intervals, the increases and decreases in the exchange rate may reveal a probable micro-pattern, perhaps related to routine market trading hours. As such, more data spanning multiple months and years would deliver a more robust understanding of seasonality patterns.
Noting any Outliers
The exchange rates demonstrated in the dataset do not seem to exhibit any significant outliers or sharp spikes in value that differ drastically from the overall observed range. The most drastic change can be seen between the timestamps: 2024-04-30 08:00:04 to 2024-04-30 14:00:03 where the rate increased from 0.09156 to 0.09174 but as stated earlier this does not represent a severe fluctuation. It is also important to note, however, that without broader context, drastic changes may not be readily apparent within the provided snapshot.