2024-05-09 SDR (Special Drawing Right) News
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2024-05-08
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 Results
The analysis of the given time series data for exchange rates at different times generates the following results:
Understanding the Overall Trend
From the data provided, it appears that the exchange rates do not follow a consistent increase or decrease pattern. More specifically, the XDR exchange rates largely fluctuate between 1.81203 and 1.81796, suggesting a level of stability within that range. There are times when the rates reach a peak (e.g., 1.81796), but then they tend to decelerate relatively swiftly. Conversely, they do not decrease below a certain threshold (i.e., 1.81203) before they start to climb up again. Therefore, the general pattern seems to be oscillation within a specific interval rather than a persistent upward or downward trend.
Identifying Seasonality or Recurring Patterns
Given the timescale and the data provided, it is challenging to identify any clear seasonality or recurring patterns in the exchange rates' behavior. In this dataset, the fluctuations appear to be more random than cyclical, with rates varying within the previously mentioned interval. Also, daily patterns are not immediately identifiable due to the inclusion of data from a single day.
Outliers Noted
The dataset seems rather consistent with insignificant deviations: no extreme spike or drop-outs are observed that could be qualified as outliers based on the trend. Most of the exchange rates largely fluctuate between 1.81203 and 1.81796 as mentioned, which suggests a typical market fluctuation than an anomaly.
In conclusion, the provided dataset on XDR exchange rates exhibits a relatively stable fluctuation within a specific interval. No evident seasonality, recurring patterns, or outliers have been identified from the data of the given day.
![aring XDR Exchange Rate Marks Incredible May Movement
The International Monetary Fund](http://currencymart.net/images/news/sdr-(special-drawing-right)/2024-05-09/img-n8Rvour0UbWYAmS6FemIwTBw.webp)