2024-05-10 Solomon Islands Dollar News
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2024-05-09
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
The time series data provided indicates a fair degree of stability in the exchange rates with minor fluctuations. As per the data, the range of exchange rates is from 0.16133 to 0.16208. An increasing trend is visible towards the middle of the time frame, where the exchange rate peaked at 0.16208 then there was a slight decline with the rate stabilizing towards the end. As such, it appears that the exchange rate overall is quite stable and any increase or decrease is gradual without drastic changes.
Seasonality or Recurring Patterns in Exchange Rates
The currency exchange rate often exhibits diurnal patterns – that is, fluctuations that occur within a single day. From the data provided, it appears that such intra-day fluctuations are relatively minute and there are no obvious daily peaks or troughs. However, to assert more confidently the presence of seasonality, a complete overview by considering the data of days, weeks, or months in sequence could be helpful. Such a possibility cannot be confirmed from the data provided.
Outliers in the Exchange Rates
Given the relatively small variations in the exchange rate (0.16133 to 0.16208), there are no particularly notable outliers in the provided data. The fluctuations, both increases, and decreases, appear to be within a predictable range. Also, there is no sudden jump or dip at any points. This suggests that the exchange rate isn’t affected by volatile market movements during this particular time frame. Hence, there don't seem to be any significant outliers in the dataset as per the provided range of data.
![Sharp Fluctuations in SBD Exchange Rates Witnessed over 24 Hours](http://currencymart.net/images/news/solomon-islands-dollar/2024-05-10/img-MtboHWAqbA1PK2ma6fGA35Wp.webp)