2024-05-15 Singapore Dollar News
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2024-05-14
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
To effectively provide a comprehensive analysis, the data will be divided and evaluated into multiple categories.1. Overall Exchange Rate Trends
After observing the dataset, it's clear that the exchange rates fluctuate over time. The data does not indicate a strong unidirectional pattern, with the rates neither continuously rising nor declining. Instead, there seems to be segments of minor trend where rates rise and fall. Notably, these fluctuations are relatively minor, meaning the exchange rate remains somewhat stable throughout the given period.
2. Seasonality & Recurring Patterns
In terms of repeating patterns or seasonality, the data does not show evident signs of either. Exchange rates are influenced by a multitude of factors, making it more difficult to detect patterns over shorter periods like this one. Any potential 'patterns' observed within these exchange rates may simply be coincidences rather than meaningful seasonal trends.
3. Outliers in Exchange Rates
Careful examination of the data does not present any influential outliers that dramatically differ from the general trend. A majority of the observed changes can be classified as minor fluctuations, which are expected within financial data. It's important to note that the existence of outliers in this type of data can often represent dramatic events in the financial world.
Conclusion
The analysis of the provided data, which traces the SGD exchange rate over time, indicates a fairly stable rate with minor fluctuations instead of a consistent increase or decrease. No clear patterns or seasonality have been detected within this timeframe, and there are no significant outliers in the data. This suggests that the exchange rate remained relatively consistent throughout the period covered by the dataset, with fluctuations likely caused by standard market dynamics rather than unusual events.
![SGD Exchange Rate Experiences Subtle Fluctuations Through Night Trading Session](http://currencymart.net/images/news/singapore-dollar/2024-05-15/img-kLppEbr2HXTTUkriBsF1ZK4x.webp)