2024-05-14 Leone News
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2024-05-13
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
1. Understanding the overall trend of the exchange rates
Looking at the provided data set, the SLL exchange rate seems to maintain a stable condition throughout the observed period. The rate remains constant at 7.0E-5 across all the timestamps, with no notable increases or decreases. It indicates a seemingly non-volatile and steady situation in the market during that period. However, this might not be representative of regular market behavior as the Forex market is known for its inherent volatility, and exchange rates typically fluctuate often.
2. Identifying any seasonality or recurring patterns
From the data, it's difficult to identify any clear patterns or seasonality due to the constant nature of the exchange rates provided. A pattern or seasonal trend could only be observed if there were variations in the exchange rate which could be attributed to certain time frames. As such, with the current dataset, no specific exchange rate patterns or trends associated with a certain time of day or intervals can be identified.
3. Noting any Outliers
Given the entirety of the data points provided all hold the same exchange rate value of 7.0E-5, no outliers can be detected. An outlier would typically be a data point that deviates significantly from the other values in a set of data. In this context, it would be an exchange rate that is significantly higher or lower than the usual rates. However, with the exchange rate remaining constant in this dataset, there are no instances of unusual or unexpected rates to be considered as outliers.
![Stability Reigns Supreme: SLL Exchange Rate Holds the Fort Through the Day](http://currencymart.net/images/news/leone/2024-05-14/img-BtdFj4plvvyBpvnY57gMPRYK.webp)