2024-04-16 Namibia Dollar News
2024-04-15
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
Based on the time series data, the exchange rate for the NAD doesn't show a significant overall upward or downward trend. The rate starts at 0.07276 at the beginning of the dataset and ends at 0.07302. While there are fluctuations throughout the dataset, the overall trend seems to remain relatively stable with minor fluctuations.
Seasonality and Recurring Patterns
Given that the data is from a single day, it is challenging to identify any meaningful seasonality or recurring patterns. For such an analysis, we would need data spanning across multiple days, weeks, or months. However, within the day, the data does not seem to display any clear-cut recurring patterns. The fluctuations observed in the exchange rates appear random rather than repeating at regular, identifiable intervals.
Outliers Analysis
When observing the exchange rates, they seem to remain within a relatively narrow range. The highest recorded rate is 0.0732 and the lowest is 0.07249. The difference between these prices indicates there's a minor variation in the rate. In this data set, an outlier would be a price that falls well outside this range. However, no such outliers have been identified within this data set.
In conclusion, within the given data set, the NAD exchange rate remains relatively stable within a narrow range, showing no clear up or down trend. Seasonality or recurring patterns are not visible within this one-day data set, and no significant outliers have been observed.