2024-05-21 Namibia Dollar News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-20
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
Overall Trend In The Exchange Rates
The data covers the exchange rate from 2024-05-20 00:00:02 to 2024-05-20 23:55:02. The trend shown in the exchange rate is that it's increasing slightly. The value of the rate starts from 0.0747 and ends at 0.07502. While these values do not represent drastic differences, it suggests a minor tendency for the exchange rate to climb upwards.
Seasonality or Recurring Patterns
Upon reviewing the given data, no clear seasonality or recurring patterns are evident. Since the data only covers a single day, it might be difficult to assert any significant changes or patterns that often require a larger timeframe to analyze. Though some minute fluctuations in the exchange rate could be observed, they don't necessarily imply a definite cycle or pattern.
Outliers in Exchange Rates
Observing the dataset, no obvious outliers are present. The exchange rates experienced a slight increase from 0.0747 to 0.07502 over the 24 hour period. These minor changes don’t indicate the presence of any significant anomalies or outliers. However, it would be beneficial to perform more complex statistical analyses to detect any subtle and less apparent outliers.
Summary
In summary, the dataset shows a slight upward trend in the exchange rates over a 24-hour period. No significant outliers or clear seasonal patterns are visually observable within this single-day period. To gain more insights into the data's behavior, it would be helpful to analyze a longer timeline of data, covering several months, or even years. Such a dataset would potentially reveal more about the exchange rate’s trends, patterns, or outliers.
![Unprecedented Stability Marks NAD Exchange Rates](http://currencymart.net/images/news/namibia-dollar/2024-05-21/img-FX3fjGqJm6kfQkHOu9FAhsVI.webp)