2024-05-21 Somali Shilling News
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2024-05-20
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
Overall Trend Analysis
Observing the data provided, it appears that the exchange rate remained fairly stable for the most part of the time series. The exchange rate initially began at a rate of 0.00238 and it persisted at the same rate through a significant portion of the series. However, halfway through the series, there was a slight increase to 0.00239, suggesting a minor upward adjustment. This amended rate remained consistent till the end, hence, the overall trend could be considered stable with a slight increase in the later half.
Seasonality and Recurring Patterns
Given that the data reflects a short span and needs no consideration for market opening/closing hours, weekends/holidays or release of key financial news, it is challenging to identify any significant seasonal or recurring patterns. The minor fluctuation between two exchange rates at 0.00238 and 0.00239 do not provide evidence of a recurring pattern. Therefore, it can be stated that no identifiable patterns or seasonality is discernable from the data range provided.
Outliers and Notable Instances
Though this data shows a stable trend line with a minor uptick halfway, there isn't any outliers or instances of significant difference to note. The exchange rate maintained stability, fluctuating only between two closely-rated values of 0.00238 and 0.00239. Hence, no outliers or extreme deviations from the general trend are present in the data provided.
![Unprecedented Stability in SOS Exchange Rates Defies Financial Forecast](http://currencymart.net/images/news/somali-shilling/2024-05-21/img-mPWbDIQYugXdvIVJDk58hMPF.webp)