2024-04-23 Somali Shilling News
2024-04-22
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
Overall Trend of Exchange Rates
From the data provided, the exchange rate of the SOS was extremely stable across the entire period. The exchange rate remained at 0.0024 for almost every timestamp and only one recorded instance increased slightly to 0.00241. This suggests a consistent and stable exchange rate without any significant upward or downward trends during the time frame given.
Seasonality and Recurring Patterns
Due to the consistency of the exchange rate throughout the data, there isn't a discernible seasonal pattern or regular fluctuations that might characterize recurrent behaviors. Usually, one would look for periodic increases or decreases in exchange rates that might correspond to certain times of day, days of the week, or months of the year. However, in this dataset, the SOS exchange rate remained largely at 0.0024, showing no signs of cyclical or seasonal movements.
Identification of Outliers
The data provided has only one observable outlier; that is, a moment where the exchange rate deviates from the primarily stable rate of 0.0024. On 2024-04-22 at 08:35:03, the exchange rate rose slightly to 0.00241 before returning to 0.0024. Other than this single instance, the rate remained mainly constant, suggesting an overall lack of volatility during this period.
The time series provided is a clear example of exchange rate stability with little variance. A constant exchange rate can have several causes, but without additional data, it is not prudent to speculate on the reasons behind this constant rate.
Please note, as per your instructions, this analysis has been completed without considering external events or generating future forecasts.
