SBD in Unpredictable Ascend Amid AprilMay 2024 Financial Unrest
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2024-05-12
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of Exchange Rates
Reviewing the dataset provided, we can observe a slight general trend of decrease for the period in the exchange rates. The rates start from 0.16164 on 2024-04-12 and end at 0.16126 on 2024-05-10. There are fluctuations in between, but the broader trend points towards a gradual decline.
Seasonality or Recurring Patterns
As per the data, no explicit seasonality or recurring patterns can be deduced. The exchange rates appear to be influenced by a multitude of factors, and any apparent cyclic behavior might be coincidental due to the limited data provided. Moreover, with fluctuations seen throughout the day, no clear cycle emerges from the data. The data, as presented, doesn't exhibit weekly, monthly, or specific intra-day patterns.
Notable Outliers
While most of the exchange rates are close to each other, there are a few exceptions where the rate varies more significantly. For instance, a noticeable dip can be observed on 2024-04-23, where the rate went down to 0.15984, before rising back up later. There are also a few instances of sharper-than-usual upward or downward transitions, such as on 2024-04-17, and 2024-04-30. These instances could be considered as outliers based on the overall trend and volatility of the exchange rate throughout the dataset.
Remember, financial markets are driven by myriad factors, including socio-political events, macroeconomic data, and trader sentiment among others. Therefore, it is common to observe minor deviations and fluctuations in the exchange rate trends.
![SBD in Unpredictable Ascend Amid April-May 2024 Financial Unrest](http://currencymart.net/images/news/solomon-islands-dollar/2024-05-13/img-om9DLjKmEYf2UBQhCPvLGSWK.webp)