2024-05-13 Sudanese Pound 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
Overall Trend Analysis
In observing the period from 2024-04-12 to 2024-05-10, the overall trend of the exchange rates appears to be relatively stable, with slight fluctuations. For the majority of the period, the exchange rate oscillates between 0.00233-0.00236. However, there is a slight increase to 0.00241 on 2024-05-01, which can be considered a noteworthy event in the dataset.
Seasonality or Recurring Patterns
From the available data, there doesn't seem to be clear daily or weekly seasonality in the SDG exchange rates. However, it is noticeable that the rates seem to be slightly more volatile during the early part of the month, particularly in the first week. The data does not provide enough information for identifying any potential annual seasonality.
Outliers and Notable Instances
Two primary outliers can be observed from the given dataset. The first occurs on 2024-05-01 where the exchange rates spike to 0.00241 from the preceding rate of 0.00234. This rate is maintained for some time before slowly declining. This event is succeeded by the second significant drop in rates to 0.00228 happening on 2024-05-02, constituting the lowest point in the period. These outliers are significant as they deviate from the relatively stable trend the currency maintained for the majority of the period.
Limitations
The review of this data does not take into account external real-time events that often significantly affect exchange rates, such as geopolitical events, changes in economic policy, and the release of economic reports and news. Therefore, while providing some insight into general trends and inconsistencies, this analysis is not sufficient for comprehensive financial planning or forecasting. Moreover, the impact of market opening/closing hours and weekends/holidays were not assessed due to the request to disregard such factors in the analysis; these can heavily affect the trade volume and thereby, the volatility of exchange rates.