2024-05-06 Barbados Dollar News
2024-05-05
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
Looking at the data provided, we can conduct a comprehensive analysis of exchange rate behavior over the period captured. Here we go:Overall Trend of Exchange Rates
From the data provided, it is clear that there's a noticeable fluctuation in exchange rates throughout the period. The exchange rate oscillates between values near 0.67 and ones near 0.68. This suggests that there's no strong increasing or decreasing trend visible in this particular dataset. Over this set duration, one can describe the exchange rates as generally stable with minor variations.
Seasonality or Recurring Patterns
Seasonality refers to predictable changes that recur every calendar year. From this data alone, there's an insufficient time span to definitively ascertain any annual recurring trends or seasonal patterns. However, it's worth noting that there are regular fluctuations in the data which could indicate daily or weekly cycles but further analysis or more data is required in order to confidently attest to this.
Outliers in the Exchange Rates
While there are fluctuations in the exchange rates, it's not immediately clear from this data whether there are any significant outliers. The observed changes appear to be within a reasonable range given the nature of exchange rate behavior. However, we need to acknowledge that determining an outlier can be subjective and is dependent on further statical analysis.
Note
The aforementioned analysis of exchange rates doesn't take into consideration external factors such as market opening and closing hours, public holidays or weekends, the release of key financial news and reports, or substantial world events. Such factors can have a substantial impact on currency exchange rates and can lead to significant changes that may alter the patterns identified above.
