Stability Reigns Superior as TZS Exchange Rates Remain Fixed Over 24 Hours
2024-04-17
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 dataset shows that the exchange rates remained mostly stable throughout the observed period. The exchange rate started at 0.00053, went up to 0.00054 for a short period, and then came back to its initial position of 0.00053, thus indicating a stable trend.
2. Identifying any seasonality or recurring patterns
Given the dataset provided, there doesn't appear to be a clear pattern of seasonality or recurrency in the changes of exchange rates. However, for such identification, longer periods would be useful to determine a possible pattern.
3. Noting any outliers
In this dataset, there are no significant outliers. The exchange rate fluctuates only between 0.00053 and 0.00054. There isn't a variation large enough to be considered an outlier. This consistency suggests that any significant events or shocks did not affect the exchange rates within this period.
Remember though, financial data can always be influenced by numerous factors not accounted for or evident in this dataset, such as political events, economic reports, or changes in market sentiment. However, as per your instruction, these factors have not been considered for this analysis.