2024-05-22 Nakfa News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-21
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 of Exchange Rates
After analysing the provided data, the overall trend of exchange rates was not significantly distinct. The rate remained relatively stable over the duration of the period shown, ranging around 0.09077 and 0.09113. There were slight fluctuations in the rate but no drastic trend of either increase or decrease could be identified from the data provided.
Seasonality in Exchange Rates
The data displayed no clear seasonal patterns, i.e., there were no obvious repeated fluctuations in exchange rates at regular intervals of time throughout the time series. Again, while there was continuous fluctuation, no recurring patterns over specific periods could be identified.
Outliers and Noteworthy Instances
Upon close inspection, the data did not display visible outliers or instances where the exchange rate deviates significantly from the general trend. Every rate recorded falls within a small range, indicating a relative stability in the exchange rates throughout the duration of this data. In general, the exchange rates stayed consistently close to their mean value, thus demonstrating a limited variability.
![Exchange Rate Exhibits Steady Trend Amid Market Fluctuations](http://currencymart.net/images/news/nakfa/2024-05-22/img-BGib14veP17OrO68nVPKuIBI.webp)