2024-04-22 Namibia Dollar News
2024-04-21
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overview of the Time-Series Data
The dataset provided contains financial time-series data recorded from 22nd March 2024 to 19th April 2024. This timeframe spans about one month. The data reflects the fluctuations of the exchange rate (denominated in NAD) at several timestamps across the day. Such comprehensive coverage helps capture the intricacies of day-to-day fluctuations and, potentially, inherent patterns or trends.
Understanding the Overall Trend
Going by the data provided, the NAD exchange rate appears to exhibit a period of increase initially, until around 22nd March, from 0.07211 to 0.07231. Post this date, however, the rate seems to experience a period of falling and roving around 0.0715 to 0.0719, with a few minor fluctuations. Post 2nd of April, the exchange rate climbs back up, peaking highest at 0.0744 around April 12th, but then experienced a noticeable downfall towards the end of the dataset, around 0.071.
Seasonality and Recurring Patterns
Upon inspection, the data doesn't seem to present any clear seasonality or recurring daily patterns. The exchange rate doesn't consistently rise or fall at specific times of the day. However, some possible weekly patterns might exist - there are instances where middle of the weeks (such as around 3rd to 4th or 10th to 11th of April) having higher rates than the start or end of a week.
Identifying Outliers
As time-series data, outliers would typically present themselves as sudden, uncharacteristic spikes or dips in the exchange rate. Here, the values seem to gradually increase or decrease over several hours or days, suggesting a lack of sudden, unexplained fluctuations. That said, the exchange rate on April 10th to 12th peeked around 0.074 - a noticeable break from the pattern observed during most of the dataset.
Please note:
This analysis was created based purely on the dataset provided and observing visible trends within the data. It does not take into account external factors such as market events, economic indicators, or international news that can have significant impacts on exchange rates.
Disclaimer:
Past performance is not indicative of future results. Any investment or trading is always subject to risk, including the loss of the invested amount.