2024-05-15 Sudanese Pound News
2024-05-14
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis for the General Trend
Looking at the dataset, the exchange rate(SDG) seems to be fairly stable at 0.00228 for a large majority of the time. A slight decrease in the rate is noticed at timestamp '2024-05-14 04:20:02' where it changes to 0.00227 and remains stable again. It appears that the general trend does not show a marked increase or decrease but is consistent for the time period shown in this dataset.
Seasonality or Recurring Patterns
With respect to time-series data, seasonality refers to predictable and recurring patterns that occur over a specific time period, for instance, throughout the day, week, month, season, etc. For a more comprehensive analysis of the seasonality of the dataset, a deeper dive into the data would be required which involves looking at data across similar time periods (daily, weekly, etc) over a longer duration. From the data presented in this singular day, a discernable recurring pattern or seasonality in the exchange rates is not evident.
Outliers in the Data
An outlier is an unusual data point that diverges from other observations in a random sample from a population. Going by the data presented, one could consider the shift from 0.00228 to 0.00227 at timestamp '2024-05-14 04:20:02' as an outlier since this deviation is not observed otherwise in the dataset. However, for a meaningful identification of outliers, data across a longer duration would be required.
Disclaimer
Please note that this analysis does not take into account external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. These factors may have a significant impact on the exchange rates and can interact with the factors analyzed here to create more complex patterns in the data. Additionally, forecasting future rates is outside the scope of the analysis.