2024-05-08 Bermudian Dollar News
2024-05-07
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend of the Exchange Rates
This dataset represents the changes in exchange rates (BMD) over time. It includes the timestamps of these changes, allowing us to understand how exchange rates have evolved. From an initial examination of the data, it is clear that the exchange rates over the period have displayed a general upward trend. This is demonstrated by an initial value of 1.36815 increasing to a final value of 1.37525. However, there are numerous fluctuations in the rate throughout this period, suggesting that although the general direction is upward, the rates do not strictly increase consistently. We can see both sharp increases and decreases in the rates at different times.
2. Seasonality and Recurring Patterns
At a high-level analysis, potential patterns or recurring behaviours in the exchange rates are not readily apparent. However, further detailed analysis may reveal these in the intra-day data. What is apparent is that the rates are subject to frequent change and can shift rapidly in either direction, which is typical of exchange rate data. Due to the nature of global financial markets and the multiple factors that influence exchange rates, it is not unexpected that this data does not display overt seasonality over the relatively short timeframe covered by this dataset.
3. Noting Any Outliers
Given the volatility inherent in this kind of financial data, determining what could be considered an 'outlier' is somewhat subjective. As noted, there are numerous instances of significant jumps in the rates, both upwards and downwards. These could potentially be considered as outliers. However, without further information as to what could be the underlying cause of these jumps, it's challenging to definitively label them as such. At a glance, the most significant change seems to take place between 2024-05-07 10:20:02 (1.36876) and 2024-05-07 10:30:03 (1.36984), with the rate soaring from 1.36876 to 1.36984. However, thorough data analysis is necessary to identify and understand all potential outliers properly.
