2024-05-09 El Salvador Colon News
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2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis and Results
The provided dataset indicates the exchange rate (SVC) at different timestamps. After a careful analysis of the given dataset following observations were made:
1.Overall Trend
The dataset shows that the value of the exchange rates remained stable throughout the given times. The exchange rate consistently stayed at 10,000,000 units of currency, without any apparent increase or decrease. There is no measurable upward or downward trend in the dataset provided.
2.Seasonality and Recurring Patterns
With regard to seasonality, there doesn't seem to be any evident pattern in the dataset because the exchange rate remains constant the whole time. It does not exhibit any regular or predictable changes which repeat over each period (like days, hours etc.). Thus, there are no discernible seasonal fluctuations or cycles.
3.Outliers
Since the exchange rate remained the same throughout the consecutive timestamps, no outliers can be identified in the provided data. An outlier would be a significant deviation from the overall trend. Because there is no variability in the data, there can be no outliers. This dataset has a zero standard deviation, due to the constant exchange rate.
In conclusion, this dataset depicts an extremely stable exchange rate without any oscillations, seasonal tendencies or anomalies. This could indicate a fixed exchange rate system, where the government or central bank ties the official exchange rate to another country's currency or to the price of gold.
![Steadfast SVC Exchange Rate Maintains Remarkable Stability Through Time](http://currencymart.net/images/news/el-salvador-colon/2024-05-09/img-aFZy35cZofd673vsc5VMTXCn.webp)