2024-05-14 Singapore Dollar News
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2024-05-13
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
Your analysis is as follows:Understanding the overall trend of the exchange rates
Based on the raw data, it seems that the SGD exchange rate fluctuates within a small range (1.00969 to 1.01103) over the period represented. Most of the exchange rates hovered around the 1.01 mark. This suggests a strong level of stability in the exchange rate during this period. In terms of a general trend, the exchange rate does show some increases and decreases, but these changes appear relatively minor overall. The data therefore suggests a generally stable trend with minor fluctuations.
Identifying any seasonality or recurring patterns in the changes of exchange rates
The data does not appear to show a clear seasonality or recurring pattern in exchange rates over the period. The rates fluctuate from one period to another but not in a cyclic or repeating pattern, based on the timestamp data. Therefore, it might need further mathematical time series analysis such as autocorrelation function (ACF) and partial autocorrelation function (PACF) to uncover any hidden patterns.
Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality.
Given the relatively tight range of exchange rates over the period (1.00969 - 1.01103), there do not seem to be any major outliers in the data. Some minor fluctuations could be considered outliers within the small range of rates represented. However, these would be minor outliers and may represent normal variability in the exchange rate, rather than significant deviations from the trend.
It's worth noting that the data provided does not cover a particularly long time period, which may limit our ability to detect longer-term trends, seasonal effects or significant outliers.
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