2024-05-15 Serbian Dinar News
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2024-05-14
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of the Exchange Rates
Upon close examination of the dataset, it becomes obvious that the exchange rates occupied a relatively narrow band of 0.01258 to 0.01262 during the measured period. While there are minor fluctuations, the general trend seems to demonstrate a degree of stability. Despite several small increases and decreases in the rates, no strong or consistent upward or downward movement is discernible over this specific period.
Seasonality or Recurring Pattern
The dataset does not provide any pronounced indications of seasonality or recurring trends. While some fluctuation is observed within a small range, these variations do not seem to follow a predictable chronological pattern. A more detailed analysis may require a larger dataset or additional reasoning methodologies to accurately identify any potential seasonal oscillations within the data.
Outliers
In the dataset provided, the exchange rates remain within a very tight margin, indicating a low volatility during the given period. Thus, there are almost no notable outliers, where the exchange rate deviates significantly from the average band. This point reaffirms the observation that the dataset exhibits a stable rate with very limited fluctuations.
Summary
In a nutshell, the dataset presents a fairly stable exchange rate for the RSD over the observed period. There isn't any strong noticeable trend in the data and it lacks any significant outliers. Recurring patterns aren't easily identifiable, at least with the current data and approach.
Suggestions for Further Analysis
While this analysis provides an overview of the exchange rate's behavior during the observed period, additional investigation might yield more insights. Additional techniques such as time series modeling, predictive analytics, or hypothesis testing could help reinforce these findings or uncover deeper insights. Moreover, while external factors were not desired to be considered in this analysis, incorporating such events and conditions could potentially enhance the depth of understanding of the trend.
![Stable RSD Exchange Rate Continues to Hold Steady](http://currencymart.net/images/news/serbian-dinar/2024-05-15/img-JbrqErrEM4We7cxxmN3GHdly.webp)