2024-05-14 Sudanese Pound News
2024-05-13
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
Analysis of Exchange Rates
After careful examination of the provided data, it is seen that the figures are presented in time-series format, showcasing exchange rates (SDG) at various points in time, presented as timestamps.
1. Understanding the overall trend of the exchange rates
Overall, the exchange rates maintained a steady pattern, primarily remaining constant at approximately 0.00228. However, there were momentary sightings of slight drops at certain intervals (to around 0.00227), before the rate quickly rebounded back to its initial value. This ascertains that the exchange rate has mostly been stable throughout the provided duration without any major fluctuations.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
Upon further inspection, no clear seasonality or notable recurring patterns were identified in the changes of exchange rates, which essentially remained the same throughout the time frame. While this may typically reflect minimal market volatility, it could also result from the chosen granularity of five-minute intervals being too short to capture any significant movements or patterns.
3. Noting any outliers or instances where the exchange rates differ significantly
Reviewing the provided data revealed no substantial outliers or instances where the exchange rates differed significantly from the expected trend. While there were instances of minutely decreases in rates, as evidenced in the data, these instances were short-lived and promptly corrected. This indicates that there were no drastic deviations from the prevailing rate of 0.00228 over this period.
This analysis only takes into account the data provided and does not factor in external aspects such as market opening/closing hours, weekends/holidays, or the release of significant financial news and reports that might influence such rates.
Disclaimer:
Please note that this analysis is based on historical data and does not provide any predictions for future rates.