2024-05-14 Solomon Islands Dollar News
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
Trend Analysis for SBD Exchange Rates
After carefully examining the given data, the overall trend of exchange rates seems fluctuating but fairly stable with minor alterations. The rate does show some ups and downs over the period shown, but these changes are relatively small (<0.0002) suggesting a highly stable trend. The highest rate is 0.16146 while the lowest being 0.16121 which substantiates the above rationale of stability.
Seasonality of SBD Exchange Rates
Time series data often exhibits some patterns or behaviors that tend to repeat themselves in regular intervals, a feature well-known as seasonality. Upon inspecting the current dataset, any obvious daily seasonality or recurring patterns in the exchange rates is not observable, a possible reason could be limitation of data to a single day.
Outliers in the Exchange Rates
Outliers are unusually large or small dataset values. When investigating the given dataset, no significant outliers were identified within the data. The exchange rates remained within a close range throughout the entire period.
Conclusion
Overall, the given SBD exchange rate data for the indicated day shows a stable trend with no identifiable seasonality or marked outliers. However, it is noteworthy that this analysis is based solely on this data set, and is subject to the limitations therein. For a more comprehensive analysis that includes seasonality and the effects of external events, larger and more diverse datasets would be more informative.