2024-05-22 Namibia Dollar News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend
From the provided data, the overall trend of the exchange rates seems relatively stable, albeit with minor fluctuations. It starts with an exchange rate of 0.07501 and ends with effectively the same rate of 0.07542. Thus, there's no long-term increase or decrease in the rate and can be concluded that the overall trend is consistency with minor fluctuation.
Seasonality or Recurring Patterns
The dataset doesn't provide evidence of clear seasonality or recurring patterns based on the provided timestamps. The fluctuations seem more random than cyclical, the rates fluctuating between 0.07489 to 0.07549. The full picture, however, should be best judged by applying time series analysis or similar methods on a much larger dataset.
Outliers
The dataset demonstrates quite consistent values with few significant jumps or dips. It would be safe to conclude that there are no extreme outliers within this data. Further statistical analysis would be required to confirm this and identify any subtle outliers.
Additional Observation
The fluctuations in rates might be attributed to factors external to this dataset, such as changing geopolitical landscapes, changing economic situations globally or locally to NAD, among others. Please note these factors were not considered as per instruction.
It would be beneficial to extend the dataset over a larger time frame for a more comprehensive analysis, which would allow to detect longer-term trends, seasonality, and patterns.
![Fluctuating NAD Exchange Rates Show Moderate Instability in Mid-2024](http://currencymart.net/images/news/namibia-dollar/2024-05-22/img-bGSGGD5WkAqoubeAGdeJOB8M.webp)