2024-05-21 Syrian 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
Analysis of Exchange Rate Data
Upon analyzing the dataset, the following insights were drawn:
1. Overall Trend
The exchange rates displayed in the dataset are consistent across different time frames, remaining stable at 0.00054. Hence, there's no definitive upward or downward trend in the data. The exchange rates do not fluctuate and remain at a constant value throughout the timeline.
2. Seasonality and Recurring Patterns
Given the consistency of the exchange rates throughout the dataset, there does not seem to be any evident seasonality or recurring patterns. The exchange rate does not show significant increases or decreases at any particular time, indicating no daily or weekly cyclic behavior.
3. Outliers
From the given dataset, it is clear that there are no outliers. The exchange rate never deviates from 0.00054, indicating that there are no instances where the exchange rate differs significantly from what would typically be expected based on the data. There is no volatile behavior in the current data set.
While this analysis only takes into account the given dataset and does not consider any external variables like market opening and closing hours or key financial news, it does provide a comprehensive understanding of the exchange rate's behavior in this specific context. Any broader or more specific analysis would require data that includes such external factors and instances of rate fluctuations.
![Unwavering Exchange Rates: SYP Holds Steady Throughout the Day](http://currencymart.net/images/news/syrian-pound/2024-05-21/img-602M0V5TGmOgPcXxGDg5HAal.webp)