2024-04-17 Namibia Dollar News
2024-04-16
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
The NAD exchange rate presented in the dataset seems to fluctuate within a narrow range over the period shown. There is evidence of both minute upward and downward movements, with rates varying from 0.07257 to 0.07326. However, these fluctuations do not demonstrate a clear increasing or decreasing trend. Thus, the exchange rate can be generally viewed as stable for the data given. This stability might be the result of demand and supply factors in the currency exchange market mostly balancing out over the period.
Seasonality or Recurring Patterns
Based on the provided dataset, it's challenging to conclude any explicit seasonality or recurring patterns in the NAD exchange rates. Each data point appears to be close to the prior and next one, and while there are slight peaks and troughs, they do not appear to occur at consistent intervals. More data over a longer period would be required to definitively identify any seasonality in the exchange rates.
Identifying Outliers
From the dataset provided, no significant outliers are observed that differ substantially from the general trend. There is a small peak at 0.07326 and a minor trough at 0.07257, but these are not far off from the central concentrations of the data. Therefore, these movements can be considered regular market variability rather than true outliers. Any other judgments about potential outliers would require a more in-depth statistical analysis.