2024-04-30 Somali Shilling News
2024-04-29
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
Analysis of Time Series Data - SOS Exchange Rate
Before proceeding with the analysis, it's important to note that the provided dataset displays an unchanged SOS exchange rate at every given timestamp. This implies that the exchange rate was constant at the rate of 0.00239. Therefore, the results and interpretations of the goals will be founded on this condition.
1. Understanding the Overall Trend of the Exchange Rates
Given the unvarying nature of the exchange rates throughout this entire dataset, the trend of the value of SOS over the defined period remains consistently stable. Neither an increase nor a decrease in the rates is noticeable from the dataset provided.
2. Identifying Recurring Patterns or Seasonality in Exchange Rates
Seasonality refers to periodic fluctuations that occur regularly based on a seasonal factor. In the case of this dataset, the SOS exchange rate does not show any form of seasonality due to the lack of any visible recurring pattern or fluctuation. The rate remains identical across all time frames, negating the possibility to infer any seasonal variations or periodic patterns.
3. Identification of Outliers
An outlier is an observation that appears to deviate markedly from other observations in the set of data. Examining the dataset, no such deviations in the SOS exchange rate stand out. Therefore, there are no noticeable outliers in the data provided since all values remain consistent at 0.00239 throughout, implying a general consistency in the exchange rate during the period captured by the dataset.
Remember, the conclusions above are made solely based on the provided data. Real-world exchange rate movements may differ vastly due to many external factors, such as economic news, geopolitical events, changes in market conditions, and more. Therefore, accurate prediction or speculation of exchange rates should always involve more diverse and comprehensive data sources.