2024-04-24 Solomon Islands 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
Overview of the analysis
Based on the given dataset, an analysis has been performed primarily focuses on determining the trend, the presence of possible seasonal effects, and identification of any outliers throughout the given timeframe. No forecast of the future rates nor any consideration of external variables such as market hours, holidays or key financial news was made.
Overall Trend of Exchange Rates
The exchange rates for SBD started at a value of 0.1616 at the beginning of the provided timestamp and ended at a value of 0.15987. There appears to be a general downward trend in the exchange rate over the duration of the provided dataset. However, the changes are quite minor and the rates seem relatively stable, as they fluctuate between a maximum of 0.16176 and a minimum of 0.15976.
Seasonality Analysis
With regard to the seasonality pattern, based on the data, no clear recurring pattern is observed within the given timeframe. There are fluctuations in the exchange rate data, but they do not seem to demonstrate a consistent, predictable, and recurring seasonal pattern in this interval. More data including different months or years might be needed to uncover any potential seasonal effect.
Outlier Identification
Outliers in time-series data are often extreme values that could be result of volatility in the data or anomalies. Based on the given dataset, most of the exchange rates range from 0.1617 to 0.1598. One potential outlier could be the rate recorded at 0.16002 at 2024-04-23 11:00:03 which largely deviates from prior values and considering the overall trend. However, this conclusion is purely based on this dataset and outliers should be generally confirmed with a larger dataset.
Summary
In summary, based on the given exchange rate data, it is evident that while there is a very slight downward trend, the exchange rates have mostly remained stable over the period. There doesn't seem to be a clear seasonal pattern within this specific dataset, but further analysis with more extensive data might be needed to accurately identify such patterns. A potential outlier has been identified but requires more data to confirm. This analysis does not take into account any external factors that might influence exchange rates.
