2024-04-19 Belize Dollar News
2024-04-18
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
From the given time-series data, it appears that the exchange rates for BZD are exhibiting minor fluctuations but with a generally decreasing trend over the period shown. This is inferred from a glance at the series which starts at 0.68436 and ends at 0.68124 showing a small decrease overall. However, the exact rate and magnitude of this decrease should be further validated with statistical measures such as mean, standard deviation and linear regression.
Seasonality and Recurring Patterns
At this level of granularity, it's difficult to identify any possible seasonal patterns or recurring behaviors through manual inspection. Typically, seasonality would become apparent over larger timescales (e.g., daily, weekly, monthly patterns) which is not identifiable in this hourly dataset. Detailed time series decomposition techniques should be deployed to exactly determine any possible seasonality.
Outliers in the Exchange Rates
Visually, there don't appear to be any significant spikes or drops which might indicate outliers. Most changes in the BZD exchange rate seems reasonably gradual and consistent with their adjacent values. That said, outliers should not simply be determined by visualization but should be confirmed with statistical tests such as Z-Score or IQR Score to accurately identify any potential outliers.
Please note that a more accurate analysis always requires rigorous statistical testing, and new insights may emerge with different approaches. Also, it's possible that various external factors (like market news, global events, or even large transactions) could significantly influence these exchange rates -- these factors were not considered in the above analysis.
