2024-05-02 Belarussian Ruble News
2024-05-01
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
Based on the dataset provided, there isn't any noticeable trend in the exchange rates over the time period given. The exchange rate of BYR has remained constant at 7.0E-5 for the whole dataset. This suggests a state of equilibrium in the foreign exchange market involving these currency pairs during this period. With no deviation or fluctuation in the rate, it shows that the market conditions stayed stable during this time segment.
Seasonality or Recurring Patterns
Similar to the trend, there doesn't seem to be any indication of seasonality in the data. The exchange rate of BYR remains flat throughout, indicating a lack of any recurring pattern or seasonality. The analysis does not reveal any particular increments or declines during any specific intervals. The dataset does not exhibit a daily, weekly, or monthly pattern that could hint at foreign exchange market dynamics that regularly influence the rate.
Outliers or Significant Changes
No outliers or significant changes have been found in this dataset from the given period. The exchange rate data remains constant over all timestamps, without any sudden rises or falls that would suggest an unusual event or anomaly in the market. Consequently, the dataset does not provide any insights into the responsiveness of the exchange rate in the face of unexpected shifts in the market conditions.
It's important to note that a constant exchange rate over a long period is relatively uncommon in active foreign exchange markets and could be indicative of controlled exchange rates or an absence of trading activity during this specific data period.
Conclusion
To conclude, the analysis reveals a stable, unchanging exchange rate of BYR over the entire dataset. There are no trends, patterns, or outliers found within the data, suggesting a steady and unaffected currency exchanged during the observed period. This could reflect a state of controlled exchange or a lack of trading activities in the foreign exchange market for this currency at this particular period.