ANG Exchange Rates Exhibit Dramatic Ups and Downs Over Six Weeks
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2024-05-19
Summary of Last Week
- 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.
After carefully analyzing the data, it appears that the exchange rates have varied quite a bit. We can see some periods of gradual rises and drops, but there is no obvious consistent upward or downward trend in the exchange rates throughout the time series. Instead, the rates fluctuate up and down over time.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates.
In terms of seasonality, the data does not make it apparent right off the bat. There are periods where the exchange rates remain fairly constant, and periods where they fluctuate significantly. No immediately clear seasonal patterns or recurring cycles in the data were noticed. Again, this could be down to the nature of exchange rate data which is influenced by various factors and can be quite erratic.
3. Noting any outliers or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality.
The data does contain several significant peaks and troughs which could be considered as outliers. These are instances where the exchange rate significantly jumps up or down in a short period of time. For instance, an obvious drop is noted around the late hours of May 16, 2024, where the rates tumbled to around 0.75. Keep in mind, these movements although pronounced also appear erratic and don't form a part of a consistent trend or pattern.
In conclusion, the sharing of the result is structured based on the data trend, no clear seasonal pattern, and the presence of several outliers. The data showcases the unpredictable and often volatile nature of foreign exchange rates which are impacted by numerous global events and market conditions.
![ANG Exchange Rates Exhibit Dramatic Ups and Downs Over Six Weeks](http://currencymart.net/images/news/netherlands-antillean-guilder/2024-05-20/img-lIymsRCDiAZhOX4p9t7BwwpA.webp)