2024-05-10 Somali Shilling News
2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend
Starting with the overall trend, the general pattern is quite stable. The exchange rate largely fluctuates between 0.00239 and 0.00241. A few times, it increases marginally to 0.00241, and occasionally dips to 0.00239, but the majority is around 0.0024. Thus, we can conclude that the overall trend over this period is pretty stable without any significant increase or decrease.
Seasonality and Recurring Patterns
As for seasonality or recurring patterns, it's hard to detect any clear patterns from the provided data. The fluctuations between 0.00239 and 0.00241 seem to be randomly distributed and do not represent a clear seasonal pattern. It would be beneficial to have additional data points such as day of the week or month of the year to detect any potential seasonal variances more accurately.
Noting Outliers
Inspecting the data, there don't appear to be any instances where the exchange rate deviates significantly from the range of 0.00239 to 0.00241. Hence, in this case, we do not find any outliers in the provided dataset.
A Final Note
Although the analysis does not take into account external events such as market opening/closing hours, weekends/holidays, or key financial news and reports, it is essential to remember that these factors do generally play a significant role in the fluctuations seen in exchange rates. To achieve more accurate and holistic insights into the patterns and trends in these rates, consideration of these factors would be very beneficial.
