2024-04-30 Bahamian Dollar News
2024-04-29
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Data Overview
This provided time-series dataset reflects the exchange rates (BSD) at specific points in time. Our main goal is to identify trends, patterns, and any potential outliers in the exchange rate. It's important to note that we are focusing solely on the given dataset, and not considering external factors such as market openings/closures, weekends/holidays, or the release of pivotal financial news and reports.
Overall Trend Analysis
Firstly, it is crucial to identify the overall trend of these exchange rates. By examining the given data, the general trend appears to be that of a gradual increase. Over the course of the period shown, the exchange rate steadily rose from around 1.36207 at the starting timestamp to approximately 1.36802 by the end. It's important to note, however, that while the general trajectory was upward, there were several fluctuations along the way.
Seasonality or Recurring Patterns
Next, to examine for recurring patterns or seasonality, we would typically break down the time-series data into smaller intervals (like hourly or daily) and compare them. Given the data and the goals of the analysis, no significant recurring patterns appear evident within the provided dataset. Although there are fluctuations, they seem generally irregular and don't reveal a clear cyclical pattern.
Identification of Outliers
Outlier detection in a time-series can help identify anomalies that deviate significantly from the trend or seasonality. In this case, a potential outlier to note could be the sudden spike to 1.36535 at 2024-04-29 06:40:02, followed by a gradual decrease. However, it would take a deeper statistical analysis to confirm whether these instances truly are outliers or merely high points of fluctuation within an acceptable range.
Conclusion
This high-level analysis has provided some insight into the data: showing a general upward trend in the exchange rate over time, with irregular fluctuations but no clear seasonal or cyclical patterns detected. Some potential outliers were noted but would need further analysis to confirm. This analysis could serve as a foundation for more complex analytics using advanced statistical methods.