2024-05-01 Barbados Dollar News
2024-04-30
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
The overall trend of the exchange rate appears to be relatively stable with slight fluctuations. There are periods of mild increases and decreases but no significant long-term upwards or downwards trend. The rates start at 0.67748 and end at 0.67793. This suggests the financial market for this currency pair was relatively calm during this timestamp.
Recurring Patterns and Seasonality
The data does not exhibit clear daily or hourly seasonality. Rates oscillate throughout the day without a stable peak or trough. However, there are regular periods of slight increases followed by slight decreases suggesting a ‘zigzag’ movement pattern, but it does not appear to follow a predictable seasonal pattern.
Outliers and Significant Deviations
Notably, a significant spike in the exchange rate occurs at the timestamp "2024-04-30 07:40:02" with the value reaching up to 0.67937. This represents a potential outlier as it deviates significantly from the values before and after this period. This could be due to an unexpected market event or a surge in trading volume during this period, although external factors have not been considered in this analysis.
Another somewhat notable increase is observed at "2024-04-30 15:55:03" where the exchange rate reaches 0.68187, indicating a possible significant trading event. However, the rate drops back in the succeeding timestamps, bringing it back to the general trend.
Generally, these outliers do not significantly affect the overall stable trend in the data.
It's important to remember that this analysis only provides a high-level overview based on patterns within the data. Predictions for future rates have not been made and the impact of factors outside of the dataset, such as a major financial news event, has not been accounted for.