2024-05-09 Singapore Dollar News
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2024-05-08
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
In the provided dataset, the exchange rates seem to be fluctuating within a small range rather than following a marked increase or decrease over the recorded period. Some fluctuations are noticeable though, as the rates seem to experience minor ups and downs throughout the timestamps. However, no prominent or continuous upward or downward trend is visible.
Seasonality or Recurring Patterns in the Changes of Exchange Rates
At first glance, a clear seasonality or recurring pattern is not apparent in the given data. The exchange rate is mutable and influenced by various unpredictable economic factors; therefore, identifying a recurring pattern might be challenging. However, if more data were included in the dataset covering a more extended period, it might be possible to identify some micro-patterns related to trading hours or macro-patterns on a longer-term basis.
Outliers in the Exchange Rates
The dataset doesn't seem to contain any obvious outliers - the values don't show any spikes or falls that diverge significantly from the others. However, a more in-depth statistical analysis might uncover less obvious outliers and provide a clearer sense of the data distribution.
Summary
In summary, the exchange rates according to the provided timestamp are relatively stable with minor fluctuations. There are no evident patterns or seasonality in the data, and no clear outliers are noticeable. Bear in mind that exchange rates are influenced by a plethora of economic and political factors which can lead to unexpectedly high or low values at any given moment. For future prediction of the exchange rates, factors that might affect them should be taken into account and a longer time span of data should be used.
![SGD exchange rates show major turbulence](http://currencymart.net/images/news/singapore-dollar/2024-05-09/img-UZptj3VpV89KEoCsPCcgE87j.webp)