2024-04-19 SDR (Special Drawing Right) News
2024-04-18
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 of the Exchange Rate Dataset
The provided dataset contains timestamped data related to changes in exchange rates (XDR) over a period of time. On analyzing the data, we can make certain observations for the various critical factors, such as trend, seasonality patterns and outliers.
1. Overall Trend of Exchange Rates
The starting point of the XDR value in the given dataset is 1.8155 and it shows slight fluctuations throughout the dataset. There is a slight decrease to 1.80632 at the end of the given period. However, the variations are minimal and hence, it can be suggested that the rates remain relatively stable over the entire time period. The data does not show a clear increasing or decreasing trend.
2. Seasonality or Recurring Patterns
The dataset does not indicate clear evidence of seasonality or recurring patterns. The exchange rates do have consistent minor fluctuations suggesting the typical behaviour of financial markets which are subject to continuous changes in supply and demand, and the influence of various micro and macro economic factors. However, based on the significant deviations from the mean, we don't see any clear patterns that recur at a daily or any other interval.
3. Outliers / Extreme Values
Outliers or extreme changes in the XDR value could be potentially critical in understanding unusual market conditions or impacts from unpredictable events. In the given dataset, the XDR values do not seem to show extreme dips or spikes that could be considered as outliers. It can be inferred with the given data that during the observed duration, the exchange rate most likely remained consistent, within a certain range.
Furthermore, with respect to the aspect of considering external factors, in this analysis, such factors were not considered, as per the requirement. Although it is essential to note that detailed analysis with consideration of key financial news, events, market opening/closing hours, or weekends and public holidays can enhance the understanding of the data.
Summary
In conclusion, the XDR exchange rate appears to remain stable throughout the given period with slight fluctuations, and no clear evidence of seasonality or outliers within this dataset. Please note that this analysis is based on the dataset provided and does not predict or forecast future exchange rates.