2024-04-24 Somali Shilling News
2024-04-23
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
From the dataset provided, we can deduce that the exchange rates have remained almost consistent over the entire period. The SOS exchange rate started at 0.0024 and remained that way until the 09:05:02 timestamp on 2024-04-23 when it dropped slightly to 0.00239. From then on, the rate stayed at this level with no further changes detected.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
Given the lack of variation in the SOS exchange rates' values across the timestamps in the dataset, it is challenging to identify any clear seasonality or recurring patterns. Any fluctuations observed seem to arise at irregular intervals, which makes it hard to determine any cyclical pattern or seasonality. Since the rate has remained mostly stable throughout this timeframe, we can say there's no evident evidence of seasonality based on the dataset provided.
3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
As per the data, there is one instance only where the exchange rate exhibits a notable change. Specifically, the rate drops slightly from 0.0024 to 0.00239 on the 09:05:02 timestamp of 2024-04-23. This change, while minimal, is noticeable given the minimal variation in the dataset. However, it does not represent a significant shift from the overall trend. Since there's no clear trend or seasonality, this point is not exactly an "outlier" in the traditional sense, yet it's the only point of change in an otherwise consistent dataset.
Conclusion
Based on the data provided, throughout the period shown, the exchange rates have remained generally stable with only a single, slight drop detected. The exact cause for this drop or its potential implications are not clear from this dataset alone. It is recommended to monitor the exchange rates over a longer period or incorporate additional data elements to provide more context for these findings.
