2024-05-15 Solomon Islands 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
1. Understanding the Overall Trend of the Exchange Rates
The dataset provided contains timestamped exchange rates for what appears to be a single day. This short-term snapshot does not show a significant overall increase or decrease in the exchange rate. The exchange rate starts at 0.16139 at midnight and ends at 0.16032 at the end of the day which indicates a very slight decreasing trend for the day. However, it is important to note that these fluctuations are very minor and can vary within very small decimal ranges. Also, given that this analysis spans over one day only, it only allows for short-term trends in the analysis. A longer-term analysis might yield distinct outcomes.
2. Identifying Seasonality or Recurring Patterns
Analyzing the data does not specifically show a clear seasonality or recurring patterns due to the short length of the time period reviewed. However, it can be observed that there are several minor fluctuations throughout the day. Specific periods show a minor stability in rates, but definitive recurring patterns are not evident within this one-day timeframe. Again, a longer-term dataset could reveal such patterns if they exist.
3. Noting any Outliers
Based on the collected data, there are no significant outliers in the exchange rates. All the exchange rate values fall in a narrow range between 0.16024 to 0.16142. Aee no dramatic spikes or drops in value which would signify a significant event. All changes are relatively small, indicating that the data for this specific day has low volatility and could have been a day of relative stability in the market. However, without accompanying market information or news events, it is difficult to confirm if these represent typical fluctuations or any abnormality.
![Unprecedented Fluctuation Observed in SBD Exchange Rate](http://currencymart.net/images/news/solomon-islands-dollar/2024-05-15/img-ga5KFLewBZnBIEpVyuiMhFws.webp)