2024-05-03 Saint Helena Pound News

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 Analysis

From the given time-series data, the overall trend of the exchange rates (SHP) seems to exhibit minor fluctuations over a given time period. The exchange rates tend to display a downward trend with minor increases periodically. However, we see that the general trend of the exchange rate over the given duration seems to stabilize slightly towards the end of our data. It's easier to make this assessment by plotting the data on a time-series graph.

Seasonality and Recurring patterns

Based on the provided data, no clear seasonality or recurring patterns are immediately evident within this time frame. The exchange rates seem to experience frequent ups and downs throughout the day, however, these changes don't appear to follow a strict or predictable pattern. But, more detailed analysis or larger dataset might unveil some hidden patterns or seasonality.

Outliers Identification

Regarding outliers, as per the data provided there's no significant spike or drop in exchange rates which would suggest the presence of an outlier. The rates generally seem to stay within the same approximate range, with typical variations likely caused by standard market volatility. A more detailed investigation can be carried out using statistical methods for outlier detections like Z-score, IQR method, etc.

In conclusion, the above analysis provides a high-level overview of the exchange rate fluctuations in the time period given in this data. For a precise analysis and uncovering more details about the dataset, sophisticated machine learning models and statistical assessment can be used.

4 Hours The SHP exchange rate has experienced alarming fluctuations over the course of May 2, 2024, making for an unpredictably volatile trading day for investors. This erratic movement started at 00:00:02 and continued until just before midnight at 23:55:02. The day commenced with the exchange rate at 1.08609, subsequently reaching a daytime high of 1.08642 around 06:25:02 and a low of 1.08101 at 20:50:03. It kept showing marginal ups and downs throughout the day, ultimately closing at 1.08156. This movement signifies an overall dip, provoking concerns amongst market participants. These surprising changes in the SHP exchange rate impacted investors who were trading in the currency market during Wednesday''s session. Investors focused on SHP had to battle unstable prices throughout the trading hours, causing discomfort and raising the risks associated with currency trading. The unpredictable runs in the currency''s value can be traced back to various global developments affecting the currency markets. While the specifics of these developments remain undefined, several potential causes impacting the SHP can be proposed. These include geopolitical turmoil, economic indicators releasing subtly unexpected data, central bank announcements, or other global financial market angsts. Exchange rate unpredictability like this often leads to heightened risks and potential rewards for currency traders. Still, it can also spell turbulence for companies doing international business in SHP or individuals planning travel or transactions. Looking ahead, market commentators are extremely cautious regarding predicting the upcoming trends in the SHP exchange rate. If these violent swings in value continue, it may give rise to increased speculation, which might further fuel volatility. Key players and potential investors in the SHP market would be well advised to keep a keen eye on the global economic calendar and the geopolitical scenario. It''s crucial to note that while short-term rates have been highly volatile, it remains to be seen what the long-term implications of this activity will be. To gain a more comprehensive understanding, market watchers and stakeholders should assess the market over a longer time frame to determine if this volatility is a temporary hiccup, or it indicates a broader trend. Furthermore, if such a volatile situation extends into the future, it might provoke regulatory bodies and financial institutions to intervene to maintain robust and stable financial markets. We will continue to keep a close eye on the evolving situation and inform of any significant developments.SHP Exchange Rate Sees Unpredictable Fluctuations over 24 Hours

Current Middle Market Exchange Rate

For information purposes only.