2024-05-21 Sudanese Pound News
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2024-05-20
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
Overall trend of the exchange rates
From the given dataset, the exchange rate for the SDG has shown a relatively stable trend throughout the provided timespan. The exchange rate observed ranges between approximately 0.00226 and 0.00227. There's a slight increase noticed at approximately 01:55:02 onwards on 2024-05-20, where the value increases from 0.00226 to 0.00227 and remains consistent until the end of the provided timespan.
Seasonality or recurring patterns in the changes of exchange rates
The dataset does not seem to indicate any clear seasonality or recurring patterns within the given period. However, due to the limited dataset, a more extensive long-term data set might be needed to properly identify seasonal trends or recurring patterns. It should be mentioned that with the data provided, it seems that the exchange rate remains relatively unaffected by the hour of the day, showing stability.
Outliers and instances where exchange rate differs significantly
Throughout the given timespan, no significant outliers can be observed. The exchange rate remains within the narrow range of 0.00226 and 0.00227, indicating stable and consistent performance. Given this narrow fluctuation range, no instances were identified where the exchange rate deviates significantly from the anticipated trend or seasonality.
External factors considerations
This analysis does not take into account any external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Any potential influence from such external factors on the exchange rates cannot be assessed with the provided dataset. But on a generic note, such factors could significantly impact the fluctuation range of the exchange rates.
Predictive Analysis
As per the requirement, no predictive analysis has been conducted on this data nor were the forecasts made for any future rates.
Conclusion
From the dataset, we observe a relatively stable trend for the SDG exchange rates with negligible increase observed. No distinguishable seasonality or recurring patterns have been observed over the given period. No significant outliers were noted. A comprehensive analysis considering external factors and a more expansive dataset might present a more detailed trend, recurring pattern, and potential outliers.
![Steady Climb in SDG Exchange Rates Points to Emerging Market Stability](http://currencymart.net/images/news/sudanese-pound/2024-05-21/img-FoxmmU1ntZuon8E055nffKBU.webp)