Brunei Dollar Forecast

Not for Invesment, Informational Purposes Only

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Introduction

The dataset provided contains a time series data of the BND exchange rate, where each data point represents the exchange rate at a specific time. The data is captured from the timestamp at 2024-04-25 00:00:02 till the timestamp 2024-04-25 23:55:02. This analysis aims to understand the trend, seasonality, and any potential outliers in the dataset without considering any external influence such as market hours, weekends or holidays, or key financial news or reports.

Overall Trend

The overall trend of the exchange rate data provided does not appear to be steadily increasing or decreasing but instead has periods of increase and decrease throughout the day. The exchange rate started with a value of 1.00736 at 12:00 AM and ended with a value of 1.00463 at 11:55 PM which means there's a slight decrease over the day.

Seasonality or Recurring Patterns

Given the nature of financial time series data, it's hard to establish a clear pattern within a single day of data as supplied in this case. Typically, one would look for patterns over a much more extended period, like weeks or months, for any potential cyclical or recurring patterns. More data would be required to make a conclusive statement about the seasonality or recurring patterns of the exchange rate.

Outliers

There seems to be a sudden increase in the exchange rate at 7:30:04 with a value of 1.00808 and the highest value of the day observed at 9:10:02 with 1.00997. This sudden increase and subsequent decreases appear to be unusual compared to the surrounding data points and can possibly be considered as outliers if we don't account for any external factors. More sophisticated statistical methods might be required for a robust outlier detection.

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overall Trend of Exchange Rates

Upon analyzing the provided data, it appears there is mild fluctuation in the exchange rates over the provided period. It seems that the rates do not show a particular consistent increase or decrease trend. Instead, the value of rates oscillates multiple times suggesting that the market is affected by various factors.

Seasonality or Recurring Patterns

Though it is difficult to pinpoint the seasonality or patterns without visualizing the data, the nature of financial data often demonstrates cyclical patterns influenced by trading hours, weekdays, or specific months and these cycles could be short term or long term. However, as requested not to include the specifics such as market opening/closing hours, weekends/holidays, the seasonality or recurring pattern cannot be specifically pointed out.

Outliers in the Exchange Rates

Outliers, the data points that are significantly different from the other observations, could indicate an unusual event. To detect them, statistical methods are often needed, as the raw dataset does not clearly show any dramatic high or low spikes in the exchange rates. Therefore, we would need to conduct a more rigorous statistical analysis to accurately identify possible outliers in this dataset.

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overall Trend of Exchange Rates Analysis

Based on the provided dataset, we can see that there is a slight fluctuation in the exchange rates of BND throughout the period under consideration. There's no distinct trend of consistent increase or decrease over the period given. The rates start at about 1.00607 at the beginning of 23rd April 2024 and end around 1.0077 at the end of the same day. Despite several fluctuations, the overall change in rate is minimal, indicating a relatively stable exchange rate throughout the given period.

Identifying Seasonality or Recurring Patterns

Given that the dataset is only for a single day, it is difficult to identify any clear seasonality or recurring patterns. Typically, seasonality can be analyzed over a longer time period, generally including a full year's data at the very least. This would allow us to identify any patterns related to specific seasons, months, or times of the year. However, given the short time frame-analysis on this dataset, determining seasonality or recurring patterns isn't feasible.

Analysis of any Outliers

In this dataset, there does not seem to be any major outliers or instances where the exchange rate deviates significantly from its usual range. The majority of the fluctuations within the exchange rate appear to be consistent with its standard variance. However, there's a significant jump in the rate from 1.0033 to 1.00723 between 20:00:03 and 20:05:02. This could be an outlier or a result of a specific and notable event or shift in the market at that particular time. But further data and investigation would be required to confirm this.

External Factors

As per your instructions, this analysis has not taken into account any potential impacts from external factors like market opening or closing hours, weekends or holidays, or the release of key financial news and reports. However, it's worth noting that these variables can have a significant impact on exchange rate movements in the real-world scenarios.

Summary of Last Month

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overview of Exchange Rates Trend

To get a sense of the overall trend of the exchange rates, it's essential to look at the exchange rates' starting and ending points, as well as the general movement between those points. The exchange rate started at 1.00838 and ended at 1.00606, indicating a slight decrease over the period. However, looking at the data in between these points, there isn't a consistent downward trend. Rather, the rates tend to fluctuate slightly around the 1.005 - 1.009 range. Thus, the general trend could be characterized as relatively stable with minor fluctuations.

Identifying Seasonality or Recurring Patterns

In time-series data like this, recurring patterns or seasonality could manifest as consistent decreases/increases in the exchange rate at certain times of the day/week. However, due to the narrow range of the fluctuations, it is challenging to identify a clear recurring pattern or seasonality in this dataset. The exchange rate does not appear to consistently increase or decrease at specific points in time, so there's no clear seasonality that emerges.

Noting any Significant Outliers

An outlier in this dataset would be a moment when the exchange rate differs significantly from the general range of 1.005 - 1.009. There are few points that do touch the upper and lower bounds of this range, but none that clearly break away from it. So, it seems that there are no significant outliers in this dataset. This suggests that the exchanges rates were generally stable, with no major unexpected surges or drops over the period.

Summary of Last Week

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Assuming the numbers following each timestamp reflect the exchange rate, this data appears to be a detailed record of BND (Brunei Dollar) exchange rates at different times. However, due to the big size and complexity of the data, I would have to calculate the trend, patterns, etc, using specialized software, such as Python or R. Once I have computed the statistical indicators, I could provide a more detailed analysis. Given the constraints you have provided though (no specific events considered, no future forecasts), I can only provide a general interpretation of the data:

Overall Trend of Exchange Rates

By plotting the values in a line graph over time, we can visually check the overall trends. If the line generally goes upwards, the rates are generally increasing over the period shown. If it goes downwards, they are decreasing, and if it remains flat, the rates are stable. However, from the provided data, it is hard to determine just by eye whether the rates are generally increasing, decreasing, or remaining stable. A summary statistic such as the mean, median, or mode, or even better a trendline, could be calculated to add quantitative support for our observations.

Seasonal or Recurring Patterns

Identifying any seasonality or recurring patterns requires understanding how the data behaves within a certain regular interval. For instance, we can compare the rates in the same hours across different days or the same days across different weeks, this can provide some hints about whether there is any recurring pattern. However, without doing concrete calculations and just from glancing at the date and time columns, there doesn't seem to be a clear pattern in the changes of exchange rates.

Outliers

To spot outliers initially we could plot the data in a boxplot, which clearly shows the outliers as points that are far away from the other values. Furthermore, the calculation of z-scores or the use of the Interquartile Range (IQR) rule could also help better quantify the outliers.

To really understand the provided data more concrete calculations need to be done and visualization methods need to be used which is simply not possible in this text-based format.

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Understanding the Overall Trend

After analyzing the provided dataset, it seems that there was a rather volatile trend in exchange rates over the given period. The rates started from 1.0113, decreased slightly to 1.00987, and then experienced several fluctuations during the following days, reaching the highest point at 1.0143 and the lowest point at 1.00699 by the end. Therefore, it is difficult to decisively say whether the exchange rates generally increased, decreased, or remained stable.

Identifying Seasonality or Recurring Patterns

Regarding the possibility of seasonality within this dataset, given the limited timespan (a few days), there is insufficient data to ascertain any specific seasonal pattern. Time series of financial data often require a longer sequence to confidently confirm seasonality, such as cycles by week, month, or quarter. Thus, no clear seasonality or recurring patterns are detectable from the current dataset.

Noting any Outliers

Identifying significant outliers in exchange rate data, particularly in short time series, can be somewhat subjective. However, some potential outliers may include moments where the rate dropped to 1.00699 or raised to 1.0143, as these are the extreme points within this series while the rest of the data gravitate towards 1.0100 and 1.0130 with repeated fluctuations. However, given the naturally high volatility of exchange markets and the short timespan of the data, these might not be considered as significant deviations from the rest of the dataset.

Lack of Consideration Specific Events or External Factors

Please note that the above analysis does not take into account the market opening/closing hours, weekends/holidays, or the release of key financial news and reports that could drastically affect the trends and volatility in exchange rates. Therefore certain surges, drops or static periods in the sequence could be better explained considering these factors, which is a common practice in financial analysis.

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

I have conducted a comprehensive analysis of the provided BND exchange rate time series data from 19th April 2024. Here is my analysis based on the goals outlined:

1. Overall Trend of the Exchange Rates

The data set starts with an initial exchange rate of 1.00932 at time-stamp 2024-04-19 00:00:02. There seems to be a slight decrease in the value of the exchange rate down to 1.00699 at time-stamp 2024-04-19 02:55:02. However, this trend does not last long, and the exchange rate goes moderately upwards to 1.01080 at time-stamp 2024-04-19 06:30:02. This gain is lost gradually, and the exchange rate dips down to a minimum of 1.00755 at time-stamp 2024-04-19 10:10:02. From there, the trend is more upward-reaching with a couple of downs and towards the end of the provided data series, the exchange rate seems to be at 1.00944 at time-stamp 2024-04-19 14:55:01.

2. Seasonality or Recurring Patterns

While it's challenging to identify long-term recurrence or seasonality in the exchange rates from just one day's worth of data, certain short-term recurring patterns do present themselves. For example, there appears to be a period of decrease, then stabilization, then increase in the exchange rate several times during this single trading day. However, these immediate patterns may not necessarily persist or repeat over a larger period.

3. Notable Outliers

In the case of outliers, a significant one is noticed at the time-stamp 2024-04-19 06:25:02 where the exchange rate goes up to 1.01072 from the previous value of 1.00865 at time-stamp 2024-04-19 06:20:02. The rate continued to increase at the next time stamp, reaching its peak (in the data provided) at 1.0108. This abrupt increase makes these values notable outliers.

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