2024-04-26 SDR (Special Drawing Right) News
2024-04-25
Summary of Yesterday
- 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
After analyzing the given time-series data on exchange rates, it can be seen that the value of the exchange rate has a slight decreasing trend overall from 1.80224 at the start to 1.79737 by the end, within the specified time frame. The currency XDR has depreciated in value over this time, hence, indicating a decreasing trend.
2. Identifying Seasonality or Recurring Patterns
In the given dataset, there's no clear-cut evidence of seasonality since the rates do not follow a specific recurring pattern when aligned with seasons or specific timeframes. There are regular fluctuations, but they don't necessarily correspond to the calendar or any known seasonal factors. However, the presence of cyclic patterns could be investigated further with a more extended dataset.
3. Noting Any Outliers
There are no significant outliers within the provided period as no exchange rate deviates considerably from the trend. The rates have, in general, followed a smooth downward pathway with some periodical fluctuations without any unexpected or significant spikes or drops. The absence of outliers indicates that the period has been relatively stable without any drastic events impacting the exchange rate.