2024-05-09 Barbados Dollar News
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2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend Analysis:
The given dataset indicates a minor uncertainty in the exchange rate on 2024-05-08. This is evident as we can see fluctuations between 0.67921 to 0.68145 approximately in the given data. The BBD exchange rate does not show a clear rising or declining trend throughout the day, and generally hovers around 0.679 and 0.68. This suggests the market for this day is in a narrow range and seems to be more stabilized.
2. Seasonality and Recurring Patterns:
In the given day, a prominent pattern does not emerge. Some minor fluctuations can be seen, with the rate reaching a day's lowest around the time 22:25:02 and the day's highest around 07:20:03. However, these instances are not enough to imply a specific recurring pattern or seasonality for the given dataset.
3. Outliers:
As the exchange rates remain fairly consistent throughout the day, significant outliers are not visibly noticeable. The rate seems to have risen quickly between 06:15:02 to 06:40:02, reaching the highest point of the day. And then, around 22:10:02 to 22:25:02, there was a noticeable fall to the lowest point. These events might be considered as outliers but further investigation would be necessary before labeling them as outliers as they do not significantly deviate from the trend.
Please note that this interpretation is based purely on the numerical data provided, and no external factors such as market news, economic events, or other environmental factors are considered.
![Unexpected Surge of BBD Exchange Rates Incites Market Anticipation](http://currencymart.net/images/news/barbados-dollar/2024-05-09/img-9o9ueAqqWbx8TM8CsfPYhSQ8.webp)