2024-05-21 Barbados Dollar News
2024-05-20
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
Overall Trend of Exchange Rates
After carefully analyzing the given data set, it appears that the overall trend of the exchange rates for the period of time is relatively stable. Although there are fluctuations, the rate does not exhibit a clear upward or downward trend. The BBD rate starts at approximately 0.67592 at the beginning of the time series, with some oscillation, it ends around 0.67495. It suggests that the exchange rate has just slightly decreased over time.
Seasonality and Recurring Patterns
When looking for seasonal or recurring patterns in the exchange rates changes, the analysis did not yield clear patterns of hourly, daily, or specific point in the series which may indicate the presence of seasonality. This could be due to the fact that the financial markets are influenced by a wide variety of factors. Comprehensively, even in the absence of noticeable patterns in the data, the consistent fluctuation indicates an active market.
Identification of Outliers
In this time series data, there are no major outliers present. That means, there are no individual points that significantly deviate from the overall pattern of the data. However, it's important to note that at 06:20:02, there is a sharp drop from 0.67665 to 0.67415, this could be considered as a minor outlier because of its difference compared with its surrounding data points. Furthermore, it's worth noticing that such drops and rises are fairly common throughout the series, suggesting they might be part of normal market volatility.
Overall, this dataset provides a well-rounded view of the BBD exchange rate over the designated period. While there are fluctuations to note, no significant anomalies break the general pattern of stability.