2024-04-19 Namibia Dollar News
2024-04-18
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend Analysis
The dataset ranges from 2024-04-18 00:10:02 to 2024-04-18 23:55:02 on a single day. The NAD exchange rate has small fluctuations in this timeframe, starting at 0.07232, and then ending at 0.07196. Thus it shows a mild decreasing trend throughout this period. However, these fluctuations are minor, suggesting that the exchange rate remains relatively stable over this one-day period.
2. Seasonality and Recurring Patterns
In this 24-hour time frame, it's challenging to detect seasonality, which generally occurs over a more extended period (e.g., an annual cycle). Nevertheless, recurring patterns could still be noticeable. Here, the exchange rates tend to reflect a specific pattern, adhering to a certain range of values, indicating minor fluctuations without substantial upward or downward trends. This sort of pattern could be characteristic of an exchange rate during a period of economic stability, without the presence of significant market news or events.
3. Outliers
Given the small extent of fluctuation, any significant deviation from the general range of rates (for instance, values significantly below 0.071 or significantly above 0.073) can be considered as outliers. In this dataset, the values stay mainly within this defined range, and no remarkable outliers are observed.
Overall, this analysis represents a typical day of NAD exchange rate fluctuations. It would be useful to have data over a more extended period for further insight into longer-term trends, seasonality, and the impacts of significant events or market news.