2024-05-07 Syrian Pound News
2024-05-06
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 SYP exchange rates time series data
Upon initial inspection of the provided dataset, several insights can be discerned about the SYP exchange rate over the specified time period.
Overall Trend
The overall trend of the exchange rates over the period given is remarkably stable. The SYP exchange rate appears to stay constant at 0.00054, as there are no noticeable increases or decreases throughout the dataset. This could be due to a number of reasons such as central bank interventions or market stability on the said dates.
Seasonality and Recurring Patterns
In this dataset, it is difficult to identify any form of seasonality or recurring patterns. This is because the SYP exchange rate remains the same throughout the data. Typically, in exchange rates, recurring patterns or seasonality might occur due to external factors like cyclical economic activities, but this is not evident in the provided dataset.
Outliers
With the exchange rate remaining constant at 0.00054 throughout the entire dataset, it can be concluded that there are no outliers present. Typically, outliers are significantly higher or lower than the majority of the data. The presence of outliers could indicate a major financial or geopolitical event having a massive impact on the exchange rate. However, in this instance, the lack of any outliers points to a period of stability in the exchange market for this particular currency pair.
In conclusion, the provided dataset indicates a period of unusual stability in the SYP exchange rate across the time period defined in the dataset. It is important to note that this analysis is based solely on the provided data, and does not take into account any possible external influencing factors not present in the dataset.