2024-05-17 Barbados Dollar News
2024-05-16
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
The overall trend of the exchange rate throughout the dataset provided shows that the exchange rate (BBD) exhibits a mild increase. Initially, the rate starts at 0.6782 on 2024-05-16 00:00:02, peaks at 0.67944 on 2024-05-16 06:00:02, following which there is a significant drop reaching as low as 0.67394 on 2024-05-16 11:00:03. The exchange rate gradually increases again and stabilises around the 0.6744 region for the remainder of the dataset. One can thereby conclude that there is a degree of volatility within this timeframe.
Seasonality and Recurring Patterns
Regarding seasonality or recurring patterns, the dataset provided is insufficient to discern any particular cyclic or seasonal patterns in the time series data as it covers only a day's worth of data. Seasonality often requires longer periods - typically months or years - to be accurately determined. However, upon visual examination, the exchange rate appears to fluctuate frequently within a relatively narrow range suggesting possible intraday volatility.
Identification of Outliers
There are several notable outliers in the dataset where the exchange rate has deviated significantly from the general trend. The dramatic reduction in the exchange rate at 2024-05-16 06:25:02 from 0.67944 to 0.67522 is an example. The exchange rate at this point is significantly lower than the rate before and after this timestamp, indicating an external factor may have caused this deviation. One should consider coupling this data analysis with significant events in that period to better understand these outliers.
