2024-05-21 Rufiyaa News
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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
Understanding the overall trend
From the dataset provided, it is evident that the overall trend of the exchange rates is an increasing one. We start with a rate of 0.08798, and by the end of the period we're observing a rate of 0.08828. Over the total data points provided, there is a consistent incremental increase. However, it's important to note that the increase is relatively minor, indicating a somewhat stable rate over the provided time span.
Identifying Seasonality
In terms of seasonality or recurring patterns in the exchange rates, the data does not provide a clear cyclical or seasonal trend. The fluctuations throughout the data points are minimal. It's crucial to note that without deeper contextual knowledge, such as day, month, or quarter information, establishing seasonality is challenging. A more extended data set would be more insightful for pinpointing seasonality or recurring patterns.
Outliers Identification
An outlier in this context would be a significant deviation from the established incremental pattern. By examining the provided data, there doesn't appear to be any significant fluctuations or outliers in the exchange rates; all the changes seem to be minor and relatively consistent. Without a statistical analysis or visualization of the data, it's difficult to pinpoint any absolute outliers.
Excluding External Factors
As per request, this analysis does not consider any specific events or external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Nonetheless, it's crucial to acknowledge that these components may have a significant impact on financial markets, including exchange rates.
No Future Forecast
This analysis, in adherence to the provided guidelines, did not generate any forecast for future rates; instead, it focused solely on interpreting the given historical data. Predictive analysis or forecasting would necessitate additional data points and consideration of the factors mentioned above, which have been excluded from this analysis.
Overall, the exchange rate has shown a minor upward trend across the observed duration with no significant outliers or clear indications of seasonality. Future analysis might benefit from a wider data set and deeper contextual information.
![Unexpected Surge in MVR Exchange Rate as Market Witnesses Significant Fluctuations](http://currencymart.net/images/news/rufiyaa/2024-05-21/img-41nWR4QeFSv483cxEvfrPlGg.webp)