Summary of Yesterday
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Overall Trend Analysis
The given data represents the BDT exchange rate measured for the date of February 29, 2024 with minute-by-minute readings. The BDT rate starts on this day at a value of 0.01238 and fluctuates slightly throughout the day, ultimately settling back to a value of 0.01235. Though there are minor fluctuations in between, the overall trend appears to be somewhat stable with minor depreciation seen in BDT throughout a single day.
Pattern and Seasonality Analysis
The time-series data doesn't span across multiple periods (weeks/quarters/years) to properly assess seasonal trends in the exchange rates. However, within the single day of data, the rates seem to be on a relatively steady state with minor fluctuations, but no clearly identifiable large spikes or troughs that would suggest specific recurring patterns within the day.
Outliers & Anomalies
Gauging the outliers from the given data can be slightly tricky without a statistical analysis. However, an eyeball test doesn't seem to reveal dramatic outliers or anomalies from the prevailing trend in the data. There are instances where the exchange rate moderately rises or falls; however, these occurrences don't diverge significantly from the overall steady pattern and they seem to be random in nature as opposed to forming a certain pattern.
The given data only consists of a single day which forms a limited snapshot and doesn't allow for robust trend or seasonal analysis. Furthermore, this analysis is purely based on the raw time-series data without an understanding of external factors that can influence exchange rates such as macroeconomic news, political events, or structural changes in trade policies.
Also, let's keep in consideration that the foreign exchange market operates 24 hours, thus the opening and closing hours of specific financial markets and their overlap globally can cause different levels of liquidity and volatility in exchange rates. Furthermore, weekends and holidays can also affect trading activity and in turn, exchange rates. Finally, the release of key economic indicators (like GDP, inflation, unemployment etc.), central bank decisions, and other financial news can also significantly impact exchange rates.
In conclusion, a single day of data shows a steady trend with minor depreciation in the BDT exchange rate. There are some fluctuations seen throughout the day but they don't seem to form a specific or strong pattern. Moreover, the influence of any specific market events or factors isn't deducible from the given data.