2024-05-16 Nakfa News
2024-05-15
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysing Overall Trend
After reviewing the dataset provided, the overall trend for exchange rates appears to be relatively stable over the given time period. The exchange rate starts at 0.09098 and ends at 0.09071, showing a marginal decrease. During this time, there are no substantial peaks or troughs; instead, the rate fluctuates moderately around a mean value, suggesting a stable trend. There does not seem to be a consistent increase or decrease in rates over the given period.
Identifying Seasonality
Given the nature of the dataset and the narrow window of time it covers (only a few days), it's not possible to derive any strong seasonality or recurring patterns. Typically, patterns related to exchange rates require months or years of data to discern seasonal variances. As such, this dataset does not provide enough evidence to conclude the existence of seasonality.
Investigating Outliers
Regarding outliers, the dataset does not show any instances of values deviating significantly from the overall trend. The exchange rates maintain a rather steady fluctuation around the same mean, without manifesting major spikes or drops. Therefore, it seems there are no significant outliers that would impact the overall trend within the given time frame.
Summary
In conclusion, the exchange rate over the given time period is mostly stable without any notable trend of increase or decrease. There is no discernible seasonality. The absence of significant outliers confirms the stability of the data and suggests that it was not influenced by any external factors during this period. As such, it's fair to say that the exchange rate for ERN in this time period remains relatively steady, with minor fluctuations that are expected within any financial time series data.
