2024-04-16 Barbados Dollar News
2024-04-15
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:
The provided dataset includes changes in the BBD currency exchange rate over a period of day, ranging from 00:00 to 23:55. Exchange rates are recorded approximately every 5 minutes, providing a granular view of how the rate evolves over the course of a day.
Overall Trend:
The BBD exchange rate experiences mild fluctuations over the course of the day. The rate began around 0.68144 at midnight and ended slightly lower at 0.68093 by midnight on April 15, 2024. There is no significant overall increase or decrease in the rates over the period shown. Instead, it appears to fluctuate within a range. This suggests the exchange rate is relatively stable over this brief period.
Seasonality:
Considering the short duration for which the data has been provided, it is not exactly possible to identify any broader seasonal trends. However, if we look for recurring patterns within this single day data, we observe minor troughs and peaks over regular intervals. This fluctuation may be influenced by trading hours and periodic updates in financial information within a day. Hence, any potential recurring pattern needs longer term data for validation.
Presence of Outliers:
There was not any significant outlier that could be detected in this dataset. Every reading is within a close range of the others, suggesting the data is fairly consistent. However, there is a slight dip in the exchange rate around 20:05 timestamp where it abruptly falls to 0.68065, which might be an anomaly or could be attributed to a particular event or market reaction.
Final note: It's important to bear in mind that exchange rates can be greatly affected by external factors like geopolitical events, market opening/closing hours, weekends/holidays, and financial news and reports, though these factors were not consider in this brief analysis.