2024-03-12 Barbados Dollar News
2024-04-23
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 of the exchange rates
Looking at the provided data, the general trend of the transaction exchange rates seems to fluctuate within a narrow window with minor variations. Rates start at approximately 0.67895 and end at approximately 0.68024, marking a slight increase over the given period, indicating a minor appreciation in the respective currency pair.
Identifying any seasonality or recurring patterns in the changes of exchange rates
Based on the data provided, it's difficult to conclusively determine noticeable patterns or seasonality in the exchange rates just by going through the data manually, as the data points span only across one day. A detailed statistical analysis over a longer period might be necessary to accurately identify any possible recurring patterns or seasonal trends. However, as requested, this detailed statistical analysis has not been performed in this context.
Noting any outliers in the exchange rates
Although the values seem to oscillate within a relatively narrow range, there are few noticeable spikes that could be considered as outliers. Around 20:05, there is a significant jump from approximately 0.67727 to 0.67992, which is much higher than the previous rates. This difference is likely due to market volatility rather than an error in the data.
Please note this analysis is purely descriptive and does not embody any predictive modelling or detailed statistical tests that would provide more insight into the behavior of the exchange rates. As per request, no external factors such as market hours, weekends, holidays, news, and reports were taken into consideration.