2024-05-15 Saint Helena Pound News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-14
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 of Exchange Rates
Analyzing the data provided, it's noticeable that the overall trend of the SHP exchange rate from the data provided appears to be quite steady over the time period. The exchange rate varies within a very narrow band, between a high of 1.08295 and a low of 1.07903. This suggests minor fluctuations but no significant upward or downward trend. There are micro-trends that might occur over short periods of time, but overall, the exchange rate seems to maintain stability.
Seasonality or Recurring Patterns
Upon analysis of the exchange rates provided, apparent seasonality or recurring patterns are not established. The fluctuations seem to occur universally rather than with any cyclical or predictable manner. That being said, significant data over large time scales may be required for determining such patterns in financial time series.
Identification of Outliers
In the context of this dataset, an 'outlier' is an exchange rate data point that is significantly different from the others. Given the narrow band the exchange rate varies within, there do not appear to be any significant outliers, or instances where the rate deviates exceptionally from its normal range.
However, it is important to note that detection of outliers in financial data can sometimes be quite complex, and may not simply be a matter of looking for values that are much higher or lower than the rest. In some instances, an 'outlier' could be represented by a sudden dramatic swing in either direction, even if the resulting rate is still within the normal overall range.
Disclaimers
It's worth mentioning that financial data is typically influenced by a multitude of factors, such as market open/close times, weekends/public holidays, and various socio-economic indicators or financial news. For instance, significant change in the exchange rate could occur after the release of crucial economic data or during a financial crisis. This analysis does not take into account such factors, and hence the inferences drawn might not fully reflect the complexity of forex rate dynamics.
![Significant Fluctuation in SHP Exchange Rates Amid Market Uncertainty](http://currencymart.net/images/news/saint-helena-pound/2024-05-15/img-4UFtyYWjJoLg1qSl8CqoK85i.webp)