2024-05-22 Serbian Dinar News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-21
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. Overall Trend Of The Exchange Rates
Based on the given data, the exchange rate of the RSD has shown minor fluctuations in a small range between 0.01263 and 0.01266 over the period. The difference between the maximum and minimum exchange rate is quite insignificant thereby indicating a mostly stable trend throughout the period. The exchange rate hits the peak at 0.01266 several times and it hits the lowest point of 0.01263 a few times as well.
2. Seasonality Or Recurring Patterns
In regards to seasonality or recurring patterns, the data does not provide any strong evidence of hourly or daily exchange rate cycles. The exchange rate demonstrates minor fluctuations within the overall stable trend but these changes don't seem to form a noticeable pattern at a specific time of the day or specific date.
3. Outliers
In this dataset, no significant outliers can be identified. The exchange rate remains within a very narrow range from 0.01263 to 0.01266. Any minor fluctuation within this range is not significant enough to be considered as an outlier in the context of this financial data.
It's worth noting that this analysis only focused on the given data and did not consider external factors such as market hours, weekend/holiday effects, or major financial news events. Each of these factors can contribute to the exchange rate variability.
![Significant stability observed in RSD Exchange Rates over 24 hours](http://currencymart.net/images/news/serbian-dinar/2024-05-22/img-fNWHemIMYT59GKrA8xHxoXsv.webp)