2024-04-30 Sudanese Pound News
2024-04-29
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
Understanding the Overall Trend
From the data provided, one significant pattern that is observed is that the exchange rates should remain stable. The exchange rate remains at 0.00233 for the entire time period, with only a few exceptions where it rises to 0.00234. This indicates a stable trend with minor fluctuations.
Identifying Seasonality or Recurring Patterns
Determining seasonality in a data set such as this would typically require data that covers a longer period of time or has more significant fluctuations. That being said, despite the static nature of the data we see here, it's important to remember that fluctuations could occur given unique market conditions or changes in economic factors. Unfortunately, from the dataset provided, no seasonality or recurring patterns are distinguishable.
Outliers
Given that the data set is highly static, the few instances where the exchange rate moves to 0.00234 could be seen as outliers. These small fluctuations from the established norm of 0.00233 might indicate exceptional circumstances or errors in data collection. However, these fluctuations are so minor that they're unlikely to signify any significant shift in exchange rates, and more likely reflect normal, minor fluctuations in the market.
Conclusion
In conclusion, the dataset provided indicates a very stable exchange rate with only minor fluctuations. It is challenging to provide any more detailed analysis given the data’s static nature. Although there are a few minor outliers, these outliers do not suggest any significant market changes that could impact the overall conclusion. As always, while we can use historical data to analyze trends, it cannot predict future exchange rates with 100% certainty due to the unpredictability and fluidity of the global economy.
