2024-05-06 Sudanese Pound News
2024-05-05
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
Understanding the overall trend of the exchange rates
Upon examination of the dataset, it can be observed that the value fluctuates around the 0.0023 to 0.0024 range for the most part of the dataset given. This tells that the exchange rate somewhat remained stable throughout the period, with a few outliers that aren't far from the baseline interval. There are also instances of slight increases and decrease but the overall trend of the rates stipulates a stable trend.
Identifying any seasonality or recurring patterns in the changes of exchange rates
Determining the seasonality in the context of financial time series data generally involves looking out for certain patterns or changes that recur at regular intervals. From the given dataset, no clear seasonal or recurrent patterns can be observed purely on this data set. The exchange rate fluctuations don't seem to follow any particular cyclic pattern, suggesting that other inherent factors could be influencing the exchange rate.
Noting any outliers or instances where the exchange rate differs significantly
When examining for outliers, we look for values that deviate significantly from the overall pattern of data. These could be due to anomalies or unusual events. In this dataset, we do observe some fluctuations deviating from the usual 0.0023 to 0.0024 range. For instance, on 2024-05-01, the rate spike up to 0.00241. Then the rates dipped dramatically to 0.00228 by 2024-05-02, noticably outside the usual range. These can be identified as outliers in the data.