2024-05-06 Namibia Dollar News
2024-05-05
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
Overall Trend
Without incorporating any external factors such as the opening and closing hours of trading or specific financial events, a broad look at the data indicates a generally irregular trend. Though the rates seem to slightly gyrate up and down, the overall trend isn't distinctly upward or downward, but relatively stable. The data does portray very slight increments during certain periods, however, these changes are not significantly steady to constitute a solid increasing or decreasing pattern.
Seasonality and Recurring Patterns
In the dataset provided, it is challenging to identify clear seasonality or recurring patterns from the raw figures without the aid of detailed graphical representations or in-depth statistical analysis. However, a naive inspection of the data does not seem to suggest obvious seasonal patterns or cyclical changes in exchange rates occurring at regular intervals, such as daily or weekly.
Significant Outliers
The dataset doesn't appear to have major outliers, where the exchange rates would have changed drastically within short periods of time. However, there are minor fluctuations throughout the data where the exchange rate varies inconsistently - but this is expected in any kind of financial time-series data. In summary, no significant anomalies or outliers are observed in the dataset across the period captured.
While the above analysis provides a basic understanding of the dataset, a more thorough analysis incorporating advanced statistical techniques and visualisations would provide more valuable insights.
