2024-04-18 Somali Shilling News
2024-04-17
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 Exchange Rates
Based on the dataset, the exchange rates have remained relatively stable throughout the entire period, fluctuating around 0.00241 to 0.00242. This suggests there is a minimal change in the value of the currency over the period of the data, indicating a stable economy during the timeframe.
Seasonality and Recurring Patterns
There doesn't appear to be any significant seasonality or recurring patterns in the fluctuation of the exchange rates. Again, this indicates that the exchange rates are quite stable and unaffected by the time of day or day of the week.
Outliers in the Data
The exchange rate remained consistently between 0.00241 and 0.00242 throughout the entire duration, with no noticeable outliers. This constancy suggests a controlled economic environment with little to no abrupt changes in the value of the currency.
Other Observations
While you specified that external factors should not be taken into account, it's worth noting that exchange rates are often influenced by such factors. This includes things like economic indicators, political stability, and market sentiment. However, given the stability of the exchange rates in the data, it's likely that these external factors did not have a significant impact during the period in question.
Please note that this analysis is purely based on the historical data provided and does not seek to forecast future rates. This is an important distinction to ensure accuracy and relevance to real-world applications.
Please note, future data predictions should be paired with other macroeconomic indicators to provide a more accurate forecast. This is because exchange rates are affected by numerous factors, such as inflation, interest rates, political stability, economic performance, among others.