2024-05-21 Seychelles Rupee News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-20
Summary of Last Month
- 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 Exchange Rates
From the data provided, the overall trend of exchange rates showed fluctuations over the period given, with the rates rising and falling at differing intervals. Starting from a lower value of around 0.098, the rates increased, reaching a peak of about 0.100, before falling down again to about 0.094, then rising back to around 0.100. These changes define a relatively volatile trend with the SCR rates oscillating around 0.097 to 0.100 for most of the time.
2. Seasonality Or Recurring Patterns
It is hard to identify any clear-cut seasonality or recurring patterns based purely on the given dataset without any additional contextual information related to the timing of data, like days of the week or month. However, from an overall perspective, it seems as though there is a repeating pattern of the rates rising then dropping off, indicating a possible oscillation albeit loosely.
3. Outliers
There are many instances in the data where the exchange rate changes significantly in a short period of time. These sharp jumps can often be several orders of magnitude greater than the typical changes observed, suggesting they are indeed outliers. In terms of raw magnitude, some of the most significant changes occur around the middle of the range, where the rate jumps from around 0.100 to 0.094 and again rise from around .093 to 0.097. These large shifts can likely be identified as outliers as they are pretty contrasting to the normal fluctuation seen in the data other instances.
In conclusion, the exchange rate for SCR showed a volatile trend in the given period with vestiges of an oscillating pattern although not very clear cut. A few outliers are noticed where the rate changes significantly in short spans of time.
![Persistent Instability Marks SCR](http://currencymart.net/images/news/seychelles-rupee/2024-05-21/img-sz1uwpFZqp9Zoi4ka2LZ5MZZ.webp)