2024-04-26 Surinam Dollar News
2024-04-25
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Introduction
The Given dataset is a time-series data which reflects the hourly changes in the SRD currency exchange rates zoomed in on the particular day of 25th April 2024. The data frequency is approximately every 5 minutes, although there are some irregularities. The task is to analyze and identify the patterns, trends, and anomalies in the provided data set.
Overall Trend
The overall trend of the SRD exchange rate for the day appears to be slightly decreasing. The rate starts at 0.03978, then experienced a gradual decrease, falling as low as 0.0397, and closing at 0.03992. The difference between the opening and closing rates may seem minimal but in the currency exchange market, even a small change can be significant.
Seasonality Trends
When it comes to identifying any seasonal or recurring patterns in the changes of exchange rates, it is less straightforward to identify within a single day's data. Usually, this kind of patterns and trends are easier to identify when data spans across several weeks, months or years, so the typical daily, weekly or monthly patterns could be observed. In this case, since we are working with just one day worth of data and the variations in the data are slight, no clear seasonal trend can be identified.
Outliers and Anomalies
Given the tight range of exchange rates over the period (from 0.0397 to 0.04008), it doesn't appear that there are any significant outliers or instances where the exchange rates differs significantly from the general trend. The exchange rate seems to fluctuate within a narrow range for the whole day. Therefore, no clear anomalies can be spotted which could suggest market shocks or irregular trades.
Conclusion
The SRD exchange rates for the given day followed a slightly decreasing trend without prominent seasonal patterns or significant outliers. While the details of each trade remain unknown, the overall pattern suggests a relatively stable and routine trading day.