2024-05-14 Barbados Dollar News
2024-05-13
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
Analysis of the BBD Exchange Rate Time-Series Data
The given dataset reflects time-indexed exchange rates for the Broad Band Deferential (BBD) from 2024-05-13 00:00:02 to 2024-05-13 23:55:02. The analysis is primarily centred on the overall trend, seasonality, and outliers based on the trends in the provided data.
Understanding The Overall Trend of The Exchange Rates
Upon comprehensive assessment of the dataset, one can infer that the exchange rate follows a somewhat neutral to increasing trend during this period. The BBD exchange rate starts at 0.67714 at the beginning of the time series and ends at a slightly higher rate of 0.67788 by the end of the period under consideration. Therefore, it can be said that, in general, the trend during this period shows a slight increase.
Identifying Seasonality
In the given time frame of one day, it's challenging to decisively determine a pattern of seasonality. While typically, daily exchange rate data may display some intra-day patterns related to market opening/closing hours or patterns recurring over the weekdays/weekends, those insights may not be particularly relevant for this single-day snapshot. However, there is a slight indication of rate increase towards the middle and end of the day relative to the start of the day, but to substantiate this pattern, more data spanning across multiple days would be needed.
Noting Any Outliers
Most of the exchange rates in the given period fluctuate within a considerably consistent range, with very minor deviations. However, we notice a minor spike, particularly around 19:20:03 mark, where the rate rose to 0.67753, departing from the prevailing trend. This incident may be an outlier compared to the average stability observed throughout the day. Still, the dataset does not exhibit significant volatility - a characteristic usually associated with financial market data.
Remember that true outliers are often the result of data anomalies, unique events impacting the market or significant changes in the fundamentals of an economy or a company. Therefore, a deeper investigation would be needed to ascertain the basis for this deviation.
Conclusion
Overall, the dataset broadly indicates a fairly stable BBD exchange rate for the day, with a very slight upwards trend. There was an occurrence of a minor outlier, but without contributing factors, it's difficult to codify it as a genuine outlier.
This analysis focused solely on patterns within the provided data, and additional insights might be gained by including other potentially highly impactful factors like major financial news, important economic indicators, and cross-correlations with other financial variables.