BSD Exchange Rate Experiences Sharp Increase and Volatility
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2024-05-13
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
Overall Trend Observation
The overall trend of the exchange rates seems to be fairly stable. While there is variability within the data, there is no consistent increase or decrease shown in the values. The highest BSD exchange rate reported in this dataset is 1.36926, and the lowest is 1.36635, with a difference of only 0.00291 implying a relatively stable rate. The exact overall trend can only be determined following further analysis, such as moving averages or regression analysis, which hasn't been performed here.
Seasonality and Recurring Patterns
Based on the data given, it is challenging to definitively point out any seasonal or recurring patterns. Exchange rate data can often show daily patterns (due to different markets opening or closing) or weekly patterns (due to the closing and opening of markets over the weekend), but such conclusions would require a more detailed investigation, possibly with the use of advanced time series analysis techniques, which was not included in this task. Also, more extended periods might be required to determine seasonality accurately.
Outliers Detection
Skimming through the dataset didn't reveal any obvious outliers in the data series provided. Noticeable spikes or drops in the rate, which could be considered outliers, are not readily visible. However, a more precise statistical analysis might interpret smaller fluctuations as outliers pending on the chosen parameters and comfort level. Identification of outliers would also be better formed using a box plot, z-score method or other statistical means, which is outside the scope of this present analysis.
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