2024-04-22 Barbados Dollar News
2024-04-21
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
After an extensive review and analysis of the provided time series data, here are the findings about the BBD exchange rates.
1. Overall trend of the exchange rates:
The general trend at the beginning and the end of the time period is marginally stable with slight fluctuations. In the middle of the dataset, there seems to be an uptick in the exchange rates before it stabilizes again. We can see that the rates fluctuate primarily between 0.66795 and 0.68524, which demonstrates that there is not a clear overall upward or downward trend.
2. Seasonality or recurring patterns:
Based on the dataset, it does not appear to be any evident seasonality or recurring patterns. The fluctuations and variations appear to be random and do not exhibit a clear cyclical trend throughout the time period.
3. Outliers in the exchange rate:
An obvious outlier was observed when the exchange rates increased substantially from 0.67077 to 0.67522 and then to 0.67648 and further to 0.6773. They seems to be most volatile at those times and decreased greatly shortly after. Other than this, there weren't many outliers observed in the dataset.
In conclusion, while we notice some fluctuations and a single volatile period in this time series, but there seems to be no distinct increasing or decreasing trends. There also appears to be a lack of clear seasonality or cyclic behaviour in this time series dataset. As always, it is important to remember that exchange rate data is influenced by various factors and can be highly unpredictable.
