2024-05-16 Barbados Dollar News
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2024-05-15
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 data provided covers a significant period, and the exchange rate (BBD) shows slight fluctuations across this timeframe. The rate starts from 0.67715 and ends at 0.67821. Even though the changes are not overly dramatic, there is a moderate decrease in the exchange rate until the 20:15 timestamp of the same day where it shifts dramatically from 0.67319 to 0.67775. After that peak, the rate tends to increase moderately towards the final data point of the series.
Identifying Seasonality or Recurring Patterns
Upon analysis of the dataset, no apparent seasonality or recurring patterns in the changes of exchange rates are observable within the duration covered by the data. Given that the data is only over about 24 hours, it's possible that patterns might emerge over a longer timeline. Typically, intraday exchange rates do not exhibit clear seasonality unless heavily affected by predictable factors such as key trading hours in major markets or patterns in economic announcements.
Noting Outliers
Notable outliers in this data set appear around the 20:15 timestamp where the change in the exchange rate is notably larger than at other times. There is a relatively significant leap in the exchange rate from 0.67319 to 0.67775 in this instance. This could potentially be due to a variety of factors (e.g., market opening/closing times, breaking news events) but without considering these external factors, it's not possible to definitively explain the cause. However, in the context of this dataset and the instructions provided, it is an outlier relative to the stable trend observable in the rest of the dataset.
![BBD Exchange Rate Witnesses Major Fluctuations and Recovers in Late Trading Hours](http://currencymart.net/images/news/barbados-dollar/2024-05-16/img-cC1Z1VuY33vJ9EhM5GWXfJPi.webp)