2024-04-23 Barbados Dollar News
2024-04-22
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
Observing the data, it appears as though the exchange rate follows a volatile pattern, fluctuating constantly within a selected range on the same day. The maximum value reached during this period was 0.68083 and the minimum value observed was 0.67735. Despite the volatility, there are periods of relative stability observed in the dataset, hinting that the exchange rates don't follow a definite increasing or decreasing trend. Instead, it shows somewhat of a mix of both, going up and down around a relatively stable median value.
Seasonality and Recurring Patterns
With regards to seasonality or recurring patterns, a deeper analysis would be required that may consist of techniques such as data smoothing, cyclical pattern analysis, or autocorrelation. However, just from the aspect of initial observation, it's difficult to establish any clear, repeating patterns within this dataset. The exchange rates move erratically, and any semblance of a pattern appears to be obscured by noise.
Outliers
An outlier in this context would be a rate that deviates significantly from the expected trend. Given the normally dense clustering of the rates, the following could be considered outliers: the maximum value of 0.68083 and the minimum value of 0.67735. These are the points where the exchange rates reached its apex and nadir levels which strayed significantly from the usual range.
Please note that these are purely quantitative observations based on the given data. For a more accurate analysis, statistical methodology would need to be applied. Also, these findings don't consider any possible external factors that might have an impact on these rates such as economic news, world events, and market sentiments.
