2024-04-26 Singapore Dollar News
2024-04-25
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend
The general trend of the exchange rate seems to show slight fluctuations with a moderate downward trend. It started with an exchange rate of approximately 1.00608, and ended with a rate around 1.00359. However, it is important to note that there are continuous peaks and valleys throughout the data, which indicates that the currency exchange rate experiences both increases and decreases over this period. While the currency is generally depreciating in this time series data, the rate of depreciation is not consistent.
Identifying Seasonality or Recurring Patterns
Without access to longer historical data, it's hard to precisely identify any seasonality or recurring patterns in these exchange rates. Based on the provided data, it does not show apparent signals of strong seasonality or a recurring pattern. However, it is suggested to use a full year (or several years) of data to detect any potential seasonality, as exchange rates can be influenced by many factors that tend to be cyclical, such as inflation rates, interest rates, and economic cycles.
Noting Outliers
This data shows there are no significant outliers or instances where the exchange rates are abnormally different from the general trend. Majority of the exchange rates lie in a narrow band of values, indicating a certain level of stability in the exchange rates. Nevertheless, it is recommended to compute z-scores or use techniques such as the Tukey method or DBScan clustering to more definitively identify outliers.
Warning: External factors
Although the analysis requested to ignore external factors, it is important to note that in a realistic scenario, things like market opening/closing hours, weekends/holidays, or the release of key financial news and reports can vastly impact the exchange rates. Therefore, a comprehensive analysis should take these factors into account for a more accurate understanding.