Boliviano Forecast

Not for Invesment, Informational Purposes Only

Summary of Yesterday

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Statistical Measures

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Trend

Data Analysis: Overall Trend

Based on the provided time-series data for exchange rates, there is a slight decreasing trend in the exchange rate over time. This means that the value of the currency (BOB) is gradually decreasing, which implies that the currency is gradually weakening compared to other currencies.

Analyzing Seasonality and Regular Patterns

At a quick glance at the data, it's difficult to establish any clear seasonality or recurring patterns in the data. The trends appear to fluctuate quite randomly, suggesting that the rates may be influenced by various factors beyond the scope of this dataset.

Spotting Outliers

The rates range between approximately 0.197 and 0.198 with no distinct outliers. All values seem to operate within this relatively tight range. There are no instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality. This suggests that this market is relatively stable for the time period observed.

Factors Influencing Exchange Rates

This analysis does not take into account any specific external events or market factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Those factors could potentially influence any large fluctuations or changes in the exchange rate and provide further insights into this analysis.

Forecasting

As per the request, no forecast for future rates is provided in this analysis.

Summary of Yesterday

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  • Difference of Opening & Closing:
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  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

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  • Standard Deviation:

Trend

1. Overall Trend Analysis

After thorough examination of the dataset, the general trend for the exchange rate over time appears to be relatively stable, with minor fluctuations. The exchange rate kicked off with a value at 0.19876 at the start of the timeframe, ended up a tad smaller at roughly 0.19842 by the end of the period. This indicates that while there are ups and downs throughout the defined period, the overall magnitude of change is quite minimal.

2. Seasonality or Recurring Patterns

Given the intricacy of the dataset and the multiple influences on exchange rates, it's somewhat challenging to decisively point out any specific recurring patterns or seasonality in the time series data provided solely from a numerical perspective. However, by carefully observing the dataset, minor fluctuations in the exchange rate could be identified, but determining if they are part of a larger recurring trend requires more in-depth time series analysis techniques.

3. Outliers and Unexpected Rates

There is no conspicuous outlier in the provided dataset where exchange rate deviates significantly from the preceding and succeeding values. Holistically, the values are somewhat consistent with the average change and no substantial fluctuations suggesting potential outliers are observed. Majority of the changes in rates between consecutive timestamps are quite minor, leading to invisibility of drastic deviations that could be categorized as outliers.

It's crucial to point out that given the fact that exchange rates are immensely affected by a myriad of macroeconomic indices and geopolitical events, an outlier in the data doesn't necessarily denote data entry error. Instead, it could be indicative of a significant financial incident at the time.

Please note that for a more precise and comprehensive understanding of this data, more sophisticated statistical models and tools would be necessary. These would also possibly allow for predictions for future rates, relying on the patterns and trends captured from the historical data.

Summary of Yesterday

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  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

1. Understanding the Overall Trend

The given dataset presents exchange rates data for the BOB (Bolivian Boliviano) ranging from 0.19769 to 0.19877. The data points fluctuate with time and exhibit slight increases, stabilizations, and decreases throughout. However, the overall trend seems to be relatively stable with slight variations in numeric values. There is no distinct overall downward or upward trend in the given timespan.

2. Seasonality or Recurring Patterns

Time series financial data like these often exhibit recurrent patterns due to systematic and predictable changes associated with the time of day, week, or month. However, in this given dataset, there do not seem to be any clear seasonal trends or recurring patterns in the data within the given timespan. It might require a larger timeframe or deep dive into micro-trends per specific intervals (i.e., hourly or daily) to determine if there are specific times of day or other periods where the rates typically rise or fall.

3. Identifying Any Outliers

In the given dataset, most of the values lie within the range of 0.19769 to 0.19877, so there doesn't seem to be any significant outliers. We could use statistical methods such as the interquartile range (IQR) method or standard deviation method to precisely determine if there are any data points that deviate significantly from the trend. However, at a cursory glance, the exchange rates remain within a narrow corridor without venturing too far from the central values.

It's important to note that while the data provided does reflect the changes in BOB exchange rates, a comprehensive analysis requires considering external factors not explicitly stated in this dataset. These influences can include market trends, economic news, geopolitical events, and many other unpredictable elements that can cause fluctuations in exchange rates. Although this level of insight was not requested within this task, it is crucial for a full understanding of the situation.

Summary of Last Month

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Statistical Measures

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Trend

Comprehensive Analysis of Exchange Rates

This dataset provides a timeline of exchange rates captured at various intervals throughout the day from midnight on April 22, 2024, up to just before midnight on the same day. The dataset, although not comprehensive for the full 24 hours, gives valuable insights into the behavior of the currency pair over that period.

1. Understanding the Overall Trend

The overall trend of the exchange rate (BOB) on April 22, 2024, appears to present a very subtle decrease. The exchange rate started at 0.19837 at the beginning of the day, reached a peak of 0.19851 slightly before the middle of the day, and then ended at a rate of 0.19768 just before midnight. However, the magnitude of the fluctuations throughout the day is quite small, with the difference between the maximum and minimum rate of the day being roughly 0.00125. Therefore, while there's a discernible downward trend, it's relatively marginal, and the rate broadly remained stable across the day.

2. Identifying Seasonality or Recurring Patterns

Looking at the data across the full span of a single day may not immediately reveal any evident signs of seasonality or recurring patterns. Exchange rates are driven by a variety of factors and frequently change throughout the day. There are, however, a few instances of minor repetitive behavior noticeable. Around the beginning of each hour, the rate seems to decrease slightly before gradually increasing around the middle of the hour. However, this pattern does not happen consistently enough to definitively say that there is a noteworthy seasonal pattern occurring on an hourly basis.

3. Noting any Outliers

Although the day's exchange rates fluctuate, none of the rates seem to deviate significantly from the observed range, therefore it's difficult to identify any distinct outliers based solely on this dataset. The difference between the highest and lowest exchange rates of the day is only approximately 0.00125, which suggests that all observed rates remained within a reasonably tight band or standard deviation. This suggests that the currency pair was relatively stable on this particular day, with no significant unexpected fluctuations or outliers showing up in the data.

To conclude, this dataset provides a clear picture of exchange rate movements over a single day. Although no substantial shifts or outliers were identified, continuous monitoring and analysis over a more extended period would allow for a more detailed understanding of these exchange rates' longer-term trends and patterns.

Summary of Last Week

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Statistical Measures

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Trend

Overall Trend Analysis

Based on the data provided, it can be observed that the exchange rates tend to fluctuate over the time period. But a consistent upward or downward trend is not entirely evident. There are periods of both increases and decreases in the rate value, yet the rates at the beginning and end of the data set remain relatively similar, suggesting stability over the long term.

Seasonality and Recurring Patterns

With the provided data, it's challenging to establish clear evidence of seasonal or recurring patterns in the exchange rate values. The fluctuations appear to be more random than cyclical, with the rates rising and falling without adhering to an easily identifiable pattern. More data or a larger time frame may help to uncover potential cycles or regular fluctuations in the exchange rates.

Identification of Outliers

The data set does not seem to consist of any significant outliers. Most of the changes in the exchange rate value lies within a relatively close range, and no single data point deviates markedly from this range. Thus, it can be concluded that the exchange rate trends, whether they be upward, downward, or steady, are fairly consistent with no drastic or unusual changes.

External Factors

As per the request, external influencing factors such as market hours, weekends/holidays, financial news, and reports have not been considered in this analysis. This analysis focuses solely on the exchange rate values provided for specific time points and does not take into account external financial and economic influences that could potentially affect these values.

Summary of Yesterday

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Statistical Measures

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  • Standard Deviation:

Trend

Overall Trend Analysis

Upon examining the provided data, it appears the BOB exchange rate generally fluctuates within a particular range over the given time frame. During the first few days, there is a slow but steady increase in the exchange rate, reaching a peak at around 0.19967 on 2024-04-15 14:00:03. Following this peak, we note a slight decrease before the rate picks up again to plateau around 0.19942 to 0.19967 for a couple of days. After that, the exchange rate experiences slight dips and raises but manifests a slowly declining trend towards the end data reaching a low of about 0.19752 on 2024-04-19 03:00:02.

Seasonality and Recurring Patterns

As for seasonality, there does not seem to be a clear daily or bi-daily pattern. However, the data shows periods of increased volatility, being followed by more inactive phases which suggest that there could be underlying seasonality that can only be determined by examining a more extensive data set.

Outliers and Unexpected Values

Given the overall small range of fluctuation in the exchange rate throughout this dataset (<0.002), there are no significant outliers or unexpected values within this dataset. Still, one can note subtle but abrupt dips and rises at certain timestamps. An example of an increase is on 2024-04-15 06:00:02 from 0.19816 to 0.19898 within an hour. A noticeable drop is seen on 2024-04-18 06:00:02 at 0.19924 to 2024-04-18 08:00:03 at 0.19835. These can be potentially linked with market activity or economic events, but without further information, it's hard to say definitively.

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Unfortunately, I am an artificial intelligence and it is currently not in my capability to output results in HTML format and also perform chart plotting for visual data analysis. However, I can provide the text information. Based on the provided data:

1. General Trend:

An overall rising pattern can be observed over the given period. The exchange rate starts around 0.19798 and ends around 0.19857 indicating a growth.

2. Seasonality or Recurring Patterns:

Due to the limitations of text format, the detailed seasonality or recurring patterns cannot be identified accurately. However, in general, the data appears to oscillate around certain values indicating potential cyclical patterns.

3. Notable Outliers:

It's difficult to spot clear outliers just from the textual data. A visual analysis with graphs would be needful. But from a simple scan of the numbers, the reading at timestamp 2024-04-19 06:25:02 stands out as it jumps to 0.19883 from previous values of around 0.19785. After this spike, it stabilizes back to the previous rate level which could indicate this reading being an outlier or caused by an unusual event.

Keep in mind this is a simplified analysis based on the numerical review of the dataset and for a more comprehensive understanding doing a statistical analysis with proper visualization tools would be highly recommended.

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