2024-05-15 Rufiyaa News
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2024-05-14
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 of the Exchange Rates
From the given data set, it is observed that the exchange rate, MVR, seems relatively stable with minimal fluctuations over time. The values generally range from 0.0882 to 0.0885 for the period. There is no clear indication of a continuous increase or decrease, suggesting a rather stable and horizontal trend.
Seasonality or Recurring Patterns
Within the given dataset, no apparent seasonality or recurring patterns are observed. This could be due to the short time-span covered by the dataset or the overall stability of rates: there were not enough significant variations to expose a clear pattern during this timeframe.
Outliers in the Exchange Rates
Given the stability of the exchange rates over this period, it's difficult to note any substantial outliers. However, there are some minor oscillations - as seen in a dip to 0.0882 and a peak of up to 0.0885. But without further historical context or a larger range, these minor fluctuations cannot be definitively classified as substantial outliers.
Important Notes
- Given the nature of this analysis and the data at hand, no broader context was considered for these fluctuations. External factors such as market opening hours, weekends, holidays or the release of key financial news and reports play significant roles in understanding these trends more completely.
- No forecasting was performed on this data, restricting the analysis to just the trends, seasonality and outliers of the past records.
![Analysis: MVR Exchange Rates Experience Stable May 2024 Amid Market Fluctuations](http://currencymart.net/images/news/rufiyaa/2024-05-15/img-wHwUT66wa5MMNHLigMJclQ2o.webp)