2024-05-07 Somali Shilling News
2024-05-06
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
Data Overview:
The dataset has two columns, one for timestamps and one for SOS - our variable of interest. The timestamps appear to be in increments of every five minutes, and the SOS exchange rate seems to fluctuate between 0.0024 and 0.00239.
Overall Trend:
The overall trend in the SOS exchange rate can be described as relatively stable with slight fluctuations. Most rates are constant at 0.0024 for a long period, then decrease to 0.00239 around the seventh of May and maintain this rate with minor oscillations back to 0.0024. It is difficult to determine whether there is a long-term increasing or decreasing trend based on this data as the dataset timeframe seems relatively short, and the fluctuations are minor.
Pattern & Seasonality:
Given the limited dataset provided, it's hard to explicitly pinpoint any seasonality or recurring patterns with total certainty. However, we observe that as the frequency of the 0.00239 rate increases around the 7th, that rate maintains dominance over a certain period. This may suggest a potential daily pattern where rates decrease and remain stable for a while before potentially rising again. Concluding the existence of seasonality would require a more extended dataset.
Outliers:
Based on the data provided, there are no prominent outliers or instances where the exchange rate deviates significantly from the normative range (0.00239 - 0.0024). There are no drastic or unexpected rate changes, the variation is minimal, and no value seems odd compared to the others.
Additional Considerations:
Though external factors like market hours, weekends, holidays, and key financial news weren't considered, they certainly could have a profound effect on the exchange rate data. For a more comprehensive and practical analysis, integrating these factors could be beneficial. Nonetheless, this overview offers an analysis solely based on the provided dataset.
