Summary of Last Month
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
1. Understanding the Overall Trend of the Exchange Rates
As per the data, the exchange rate of BOB has demonstrated minor fluctuations over the course of the day. The rate started at 0.1957 and ended at 0.19537 on the day. There is a minor overall down-trend, but the range of exchange rate is quite narrow, adding fluctuates roughly between the values of 0.195 and 0.196. Despite some spikes and drops, the overarching trend seems to be fairly stable, indicating a relatively stable market condition for this specific day.
2. Identifying Seasonality or Recurring Patterns
It's difficult to definitively determine seasonality in the patterns as the data is only for a one-day time span. However, no significant recurring patterns can be identified within the provided dataset. The exchange rate appears to fluctuate randomly within a small range. To get a more accurate understanding of this factor, data spanning across multiple days, weeks, or months would be necessary so that it may include different business cycles and possibly determine weekly or monthly patterns.
3. Identifying Outliers
The exchange rate values provided are very close to each other, less than a cent difference in most cases. In this type of data, it is very difficult to determine an outlier as the rate does not appear to differ significantly at any given time. There are slight spikes and dips, however, these are not significant enough to be considered as outliers. Every value appears consistent with the overall minor descending trend of the data.
In conclusion, while there are minor fluctuations observed in the exchange rate of BOB, there is a stable trend during the day span of this data. No discernable recurring patterns or outliers have been identified, and a more thorough time-series analysis might require data across a greater time span. It's important to mention that these conclusions are drawn purely on numerical data provided, and external factors which may potentially affect exchange rates have not been taken into consideration in this analysis.