2024-05-15 Barbados Dollar News
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2024-05-14
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of the Exchange Rates
After examining the data set, the overall trend of the exchange rates is somewhat stable. The exchange rate at the beginning of the time frame (2024-05-14 00:00:02) is 0.67789, and towards the end (2024-05-14 23:55:02), it is 0.67708. The rates have fluctuated between these two values so they present a minor overall decline. They peaked a couple of times at 0.67803 and reached a low of 0.67528.
Seasonality or Recurring Patterns
It appears there are some possible recurring patterns within the dataset. Specifically, most significant changes in the rates occur within the time frame of 08:00 to 10:00. This pattern could reflect the market opening times and the influx of new data or trends affecting the market when it opens. But for a more accurate assessment of seasonality, it would be ideal to have data that covers multiple cycles over a longer time period.
Notable Outliers
Most of the outliers in the dataset also seem to occur around the time of market opening (08:00 -10:00). The lowest recorded value in this set, 0.67528, is observed at 2024-05-14 at 09:00. Unexpectedly, there is another significant drop later at 2024-05-14 at 20:05 where the value hits 0.67733 from 0.67613, indicating a significant increase. These instances stand out for being particularly different from the trend of the data set.
![Exchange Rates Show Mild Fluctuation: A Close Look at BBD](http://currencymart.net/images/news/barbados-dollar/2024-05-15/img-mIiMrv2RAuwPVW1dtM8LJqFg.webp)