2024-03-12 Singapore Dollar News
2024-04-23
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 Analysis
The overall trend of the SGD exchange rate provided in the dataset shows a slight downward drift. Starting at 1.0063 at the beginning of the dataset, the exchange rate decreases slowly over time, closing at 1.0051 in the last timestamp. Therefore, there is a general depreciation in the exchange rate of SGD over the span of the dataset. However, it's important to stress that the fluctuation isn't significant, hinting a relatively steady state of the SGD over this limited timeframe.
Seasonality or Recurring Patterns
Regarding seasonality or recurring patterns, due to the structure of the dataset where data points are taken every 5 minutes, it's challenging to identify noteworthy daily or monthly seasonality. However, observation reveals a cyclical pattern within each day where the exchange rate decreases until a certain point and then increases incrementally, forming somewhat of a 'V' shape.
Outliers
The dataset does not seem to include clear instances of outliers, where the exchange rate differs significantly from its preceding and proceeding values. Brief rises and falls are noted, yet these changes are marginal and appear to be part of the inherent volatility of the exchange rate. In other words, there are no sharp spikes or drops that would indicate major unexpected events influencing the exchange rate in the timeframe captured by the dataset.
Please note that for the most accurate analysis it would be advised to take into consideration the external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports.
