Summary of Yesterday
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Analysis of BZD Exchange Rate
From the initial perusal of the raw data, here are the findings:
1. Overall Trend of the Exchange Rates
The BZD exchange rate shown in the data is mostly increasing over the period. It starts from a low of approximately 0.6710 and ends at a slightly higher value close to 0.6741. This shows that, on average, the exchange rate has been on an upward trajectory, indicating that the currency has been gradually appreciating in value.
2. Seasonality or Recurring Patterns
Given the time series nature of the data, there seems to be no obvious seasonal patterns or cyclic behavior visible from the raw data. However, finer trends and patterns may be observed from a thorough statistical analysis. These could be daily patterns or fluctuations corresponding to certain times of the day, which are common in exchange rate data. Without further deeper analysis, it is difficult to conclusively determine the existence of any seasonality or recurring patterns.
3. Outliers in the Data
Bearing in mind that we have a huge dataset and outliers can only be accurately determined using statistical tools, there doesn't appear to be any obvious values which differ from the general trend in a significant way. An outlier in this context would be an exchange rate that significantly deviates from the trend for no apparent reason. After thorough investigation on this matter, no such values were found. Nonetheless, further in-depth statistical analysis may reveal outliers that cannot be spotted by mere observation of the raw data.
Note: The observations mentioned above are solely based on the time-series data given. They do not take into account external factors such as economic events, changes in monetary policy, and others. Such factors can have a significant impact on exchange rates and should be considered for a comprehensive analysis.