2024-05-14 Namibia Dollar News
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2024-05-13
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overview
From an initial glance at the data, the exchange rate appears to have minor fluctuations, generally staying between 0.07350 and 0.07450. Throughout the day, the values seem to fluctuate on a small scale with no apparent sudden spikes or drops. There is an apparent rise in the exchange rate around 16:00. Following this, the rate appears to stabilize around 0.07445 for the remainder of the dataset.
Trends in Exchange Rates
Upon inspection of the timestamps, it's evident that the dataset spans across one day of market activity. The exchange rate starts just above 0.07360 and remains fairly steady throughout the day. However, noticeably, during the time segment of 16:00 to 17:00, the rate jumps significantly to just under 0.07450, after which it continues to stay at a similar level. This movement may be noted as a portion of the day where the exchange rates show a significant rise compared to other times.
Seasonality and Recurring Patterns
Given the fact that data only represents one day, it is difficult to deduce any form of seasonality or recurring patterns. More data spanning over a longer time scale would be required in order to make any form of seasonal analysis. However, the seemingly consistent exchange rate throughout most hours of the day, aside from the noted rise, may be observed.
Outliers in the Exchange Rates
Within the provided dataset, any outliers that can be identified are minor. There is a minor increase in the exchange rate around 16:00, after which the rate seems to settle and continue at a similar pace. This relatively small increase, potentially indicative of an economic event or shift, can be considered an outlier compared to the rather stable exchange rate movements observed throughout the rest of the data.
![Unseen NAD stability ends with significant exchange rate uptick](http://currencymart.net/images/news/namibia-dollar/2024-05-14/img-buuHivpyRs6FRj0G4M9gFnGq.webp)