Fluctuating BBD Exchange Rate Reveals Market Instability
2024-03-12
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend
Upon examining the data, the overall trend for this exchange rate over the given timeframe shows relatively minimal fluctuations, generally hovering around a rate of 0.667 to 0.669. Although there are small peaks and valleys throughout the dataset, no clear increasing or decreasing long-term trend is evident. This implies that the exchange rate remains relatively stable over this timeframe.
2. Seasonality and Recurring Patterns
The analysis of the seasonality patterns in the data is a bit more complex due to the nature of the data series. Even though there are small fluctuations throughout the day, it's difficult to decisively pinpoint a pattern without conducting a more precise time series analysis or having additional data for comparison. However, a notable observation is the mild fluctuation around the midpoints of each hour. This could imply a potential intraday pattern or it could result from market activities. However, due to the relatively stable overall trend and limited amount of data, these potential patterns need more data and further validation.
3. Outliers
Considering the scale of the exchange rate changes, we could interpret larger fluctuations as "outliers". For instance, at timestamp 2024-03-12 08:40:02, the rate reached a high of about 0.67, and at timestamp 2024-03-12 21:30:02 the rate decreased to roughly 0.667. However, in the context of a time-series data like this, these should not be considered as traditional outliers as they are part of the natural fluctuations of the exchange rate and not exceptions or mistakes in the data. This further reinforces the observation of overall stability in the exchange rate with small fluctuations over time.