2024-05-22 Somali Shilling News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
The data provided for SOS exchange rates shows a highly consistent trend within the given timestamps. The exchange rate stays majorly constant at 0.00239 until almost the end of the dataset where it slightly drops to 0.00238 at 2024-05-21 07:00:03, and then quickly rises back to 0.00239 and remains such till the end.
Seasonality or Recurring Patterns Identification
Given the consistency of the exchange rate (0.00239) for the vast majority of the timestamps, there are no apparent patterns of seasonality or cyclical trends that can be discerned from this dataset. The value is largely constant, with one short-lived exception.
Outliers Identification
In terms of outliers within this dataset, there is only one notable instance where the exchange rate differs significantly from the otherwise constant trend. At 2024-05-21 07:00:03, the exchange rate drops to 0.00238. This drop, however, is temporary, as the rate resumes to its regular level of 0.00239 within the next 10 minutes.
Summary
Overall, the SOS exchange rates within this dataset are incredibly stable, with a nearly constant value throughout the entire time range. This suggests a steady and flat trend with a very near to zero volatility. Without considering external factors such as market news, trading hours, or global economics, it seems the SOS exchange rate was highly stable in this period.
![Unprecedented Stability Marks SOS Exchange Rate](http://currencymart.net/images/news/somali-shilling/2024-05-22/img-og5XdktklBuLTMBebIOxdb0A.webp)