2024-05-13 Somali Shilling News
2024-05-12
Summary of Last Week
- 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
The random walk theory might best describe the exchange rate behavior based on the time series data provided. The data starts at a value of 0.0024 on 2024-04-12 and ends at the same value on 2024-05-10. Despite a few fluctuations in between, there doesn't seem to be an overall upward or downward trend. The exchange rate remained generally stable at around 0.0024 throughout the dataset. It varied a bit, moving slightly to 0.00239 or 0.00242, but it mostly hovers around the initial value. In financial analysis terms, this could mean the past fluctuations do not have a notable effect on future rates.
2. Seasonality and Recurring Patterns
Regarding seasonality or recurring patterns, the dataset doesn't reveal a prominent cyclic pattern. The rates do drop slightly from 0.0024 to 0.00239 and rise to 0.00242 several times, suggesting minor fluctuations, but these changes do not exhibit a consistent repetitive pattern that can be considered as seasonality. Hence, the data does not demonstrate a firm daily or weekly pattern in the exchange rates.
3. Outliers and Significant Differences
The provided dataset does not exhibit noticeable outliers. An outlier in this context would be an exchange rate value that differs significantly from the general trend of rates. In this data, the rates stay between 0.0024 and 0.00242, implying minimal variability. There's no instance where the rate jumps or drops significantly that could be classified as an outlier. The exchange rates remain comparable and within range throughout the data. The largest alteration in the exchange rates from 0.0024 to either 0.00239 or 0.00242 could be considered as very slight fluctuations, and not as significant variations or outliers.