2024-05-22 Saint Helena Pound News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend of the Exchange Rates
Looking at the provided data set over the mentioned timespan, we can observe a clear downward trend in the SHP exchange rate. The currency started around 1.07929 and closed at 1.07987 on the last timestamp. However, it should be noted that the exchange rate dropped to as low as around 1.07768 before bouncing back, indicating significant fluctuation during the observation period.
Identifying Seasonality or Recurring Patterns
Although there are slight fluctuations in exchange rate values, discerning a clear recurring pattern or seasonality from this data is challenging without additional information, such as a longer time series that encompasses multiple seasons or annual cycles. There seems to be no obvious regular pattern occurring on a daily basis based on the provided time series data.
Noting any Outliers
Remarkably, the lowest value of the exchange rate, as mentioned earlier, was observed at 1.07768. This value significantly deviates from the rest of the data set and can be considered an outlier. The reasons behind this sudden plunge could vary from market instability, economic policies, or other factors that were not provided in the data set.
Other fluctuations that do not stick to the main downward trend can also be considered minor spikes or outliers. However, these are quite normal in any financial market and can be expected due to inherent market volatility.
Limitations
It's important to acknowledge that this analysis is made on the assumption that there were no external influences acting on the exchange rate during the observed timespan. This includes events such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Keeping in consideration these factors might result in a different interpretation of the data.
Final Thoughts
To conclude, the SHP exchange rate declined over the observation period with some fluctuation, suggesting volatility in the rates. It would be better to have more detailed contextual information to evaluate why these trends are happening and better understand the forces at play. It's always beneficial to provide as much context as possible to conduct an in-depth and accurate time series analysis.
![Dramatic Change in SHP Exchange Rate Witnessed Throughout the Day](http://currencymart.net/images/news/saint-helena-pound/2024-05-22/img-fdwh4YGPMywqmCDqmicWIX7k.webp)