2024-05-20 Barbados Dollar News
2024-05-19
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of Exchange Rates
Upon investigation of the given time series data, it appears that the exchange rates (BBD) have been relatively stable over the given period. A fluctuation between a low of 0.67319 and a high of 0.68245 is observed. However, no significant upward or downward trend is detected throughout the series. The fluctuations occur within a narrow range, suggesting that the rates have been relatively consistent over the course of the period in question.
Seasonality or Recurring Patterns
In terms of seasonality or recurring patterns, it's challenging to identify without decomposing the time series into its seasonal component. However, on the surface, no apparent or significant seasonal pattern can be discerned from the given data. The oscillations in the exchange rates do not seem to repeat consistently at regular intervals, suggesting that no particular hourly, daily or monthly patterns are influencing the exchange rates within this dataset. More complex statistical models might be required to conclusively identify subtle, underlying seasonality.
Identification of Outliers
From the given data, it seems that extreme or abnormal values, known as outliers, are not prevalent. The values are well within a reasonable range, and no single data point deviates significantly from the overall trend. Hence, it's safe to say that the data is not influenced by extreme outliers, and abrupt, unexpected changes are not common within this exchange rate dataset.
External Factors
The analysis has been carried out purely based on the time series data given. Any external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports have not been considered in this analysis since these data or observations are not included in the dataset provided. Consequently, the impacts of such factors on exchange rates remain unexamined in this analysis. It's crucial to keep in mind that such external factors can significantly influence the financial markets and subsequently, the exchange rates.
Forecast of Future Rates
The analysis strictly adheres to the conditions specified, and no attempt has been made to predict or forecast future exchange rates. The purpose of this analysis was to gain insights into the past behavior and characteristics of the exchange rates from the given time series data.
