2024-05-16 Netherlands Antillean Guilder News
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2024-05-15
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the overall trend of the exchange rates
The data provided exhibits a type of 'random walk' pattern, where no clear trend (upward or downward) can be identified. The range of fluctuations lies between approximately 0.754 and 0.760 for the given data. The rates seem to rise and fall in random intervals mostly around a central mean value.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
The given dataset does not provide enough information for a full year, thus it is a bit hard to identify seasonality. However, the dataset does show small, short-term repetitive patterns where the rate slightly rises and falls within a day. The exact timing of these rises and falls seems to vary, it is also important to consider that foreign exchange markets operate 24 hours a day, five days a week, thus there can be changes associated with the opening and closing of different regional markets which are not included in the dataset.
3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
The given data does not appear to have any stand-out instances where the exchange rate significantly differs from the overall pattern. However, there is a noticeable spike around 2024-05-15 evening, where the rate jumps up to around 0.759. These jumps in values can happen due to multiple factors like change in economic policies or sudden market fluctuations. Yet as mentioned before we are not considering external factors in our analysis.
![Unpredictable Swing Observed Within ANG Exchange Rates](http://currencymart.net/images/news/netherlands-antillean-guilder/2024-05-16/img-47g9ECvMm21mmvZrUfz3GiKb.webp)