2024-05-13 Serbian Dinar News
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2024-05-12
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis Summary
The analysis for this time series data encompasses the study of the overall trend, seasonality, and possible outliers of the RSD exchange rate.
1. Observing the Overall Trend
After comprehensively evaluating the given dataset, it can be concluded that the RSD exchange rates are pretty stable over the provided data timeframe. The lowest rate is 0.01245 and the highest rate is 0.01262 (approximately a difference of 0.00017), manifesting a low volatility of the exchange rate in that period.
2. Seasonality and Recurring Patterns
The dataset does not seem to show any significant seasonality or recurrent patterns. Through the observation of the dataset, it's clear that the changes in exchange rates do not appear to follow a predictable pattern at a specific time of the day or on certain days. It would require a more detailed dataset, preferably with data over a longer time span (for example more years) to identify potential seasonal patterns or regular fluctuations.
3. Identifying Outliers
There are no notable extreme values or outliers noticed in this dataset. The exchange rates fluctuated within a close range. However, the rates do differ slightly at certain timestamps. For more accurate identification of outliers or anomalies, further statistical analysis may be necessary. For instance, using an interquartile range (IQR) or z-scores could help to identify outliers that deviate significantly from the mean.
It’s important to note that this analysis focused strictly on the provided dataset, any external factors or events such as market oscillations, political events, or economic news and reports have not been considered in this analysis.
![RSD Exchange Rates Exhibit Unpredictability Amid Economic Uncertainty](http://currencymart.net/images/news/serbian-dinar/2024-05-13/img-V9ohoCvRVZBk8IUN7d2vOX2D.webp)