2024-05-14 Syrian Pound News
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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
Overall Trend Analysis
The data provided shows a single constant exchange rate of 0.00054 for the entire period. With this consistent exchange rate, there is no discernible trend of increase, decrease or volatility within the data. The rate appears to remain stable throughout different timestamps.
Seasonality and Recurring Patterns
Considering the dataset, there are no observable seasonal or recurring patterns solely based on the exchange rates provided. The exchange rate for the SYP remained at 0.00054 across all the timestamps, indicating a consistent rate without fluctuations. This might suggest that during the period under study, the exchange rate was stable and unaffected by the time of day or other possible seasonal factors.
Outliers
In terms of outliers, the analysis reveals none. This is based on the fact that the value of the exchange rate is constant throughout the entire dataset, thereby negating the possibility of significantly different values or sudden spikes and drops. Therefore, no exceptional observations or data points exist in this dataset that would go against the trend, given the unchanging nature of the rate.
Conclusion
The provided dataset shows a continuous and stable exchange rate for the duration under study. On the surface, without considering any external factors such as market conditions, economic indicators, geopolitical events, or monetary policy changes, there seems to be no change in the exchange rate. However, for a more accurate and comprehensive evaluation, it is typically advised to consider these factors as they can significantly impact exchange rates in real-world scenarios.
![Remarkable Stability Noted in SYP Exchange Rates](http://currencymart.net/images/news/syrian-pound/2024-05-14/img-tdNk1p8jKGNHlRDEDcouKUNa.webp)