2024-05-10 Namibia Dollar News
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2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of the Exchange Rates Data
The given dataset represents the NAD exchange rates over varying time intervals dated 2024-05-09 at timestamps from 00:00:02 to 23:55:02. The data will be analyzed looking into general trends, any seasonal or recurring attributes, and notable outliers.
Overall Trends
At a glance, the overall trend of the exchange rates over this given period seems relatively stable with marginal fluctuations. This could be indicative of a stable economic situation during this period. Minor changes in the exchange rate could be due to regular market operations or fluctuations in supply and demand.
Seasonality and Recurring Patterns
The given data does not showcase a clear-cut indication of seasonality or recurring patterns due to its short duration. The span of significant time, like multiple quarters or annual data, would be required to define any seasonality accurately. Therefore, with this data, any claim of seasonality should be treated cautiously.
Notable Outliers
In this dataset, no dramatic outliers are noted in the exchange rate changes. Most fluctuations are minor and within expected ranges. This further supports the earlier observation of a stable exchange rate during the considered timeframe.
It is noteworthy that this analysis might vary when external factors like market opening/closing hours, weekends, holidays, or the release of key financial news and reports are added to the dataset.
![Stable NAD Exchange Rates with Fluctuations Indicates Market Balance](http://currencymart.net/images/news/namibia-dollar/2024-05-10/img-7K1gcdjFFJBOFRBojK10FgaS.webp)