2024-04-30 Belize Dollar News
2024-04-29
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
1. Understanding the Overall Trend
After analyzing the given dataset, the BZD exchange rate shows noticeable fluctuations over the period. However, the overall trend seems to be increasing throughout the period. This can be observed from the general upward movement of the exchange rate from the starting value of 0.67575 to the ending value of 0.67864. Therefore, although there are several up and down movements, the overall trend of the exchange rate is an increase.
2. Identifying Seasonality or Recurring Patterns
In the context of the given time-series data, it's challenging to identify a clear seasonality or recurring patterns because the data spans only one day. More data spanning multiple weeks or months would be needed to identify any recurrent exchange rate patterns accurately. However, throughout this data set, some small cycles of increase and decrease can be observed, which could suggest micro-trends or daily trade volatility.
3. Noting Any Outliers
An outlier in this context would constitute a significant, sudden rise or fall in the exchange rates. From the data given, we can observe several slight outliers, such as jumps from 0.67647 to 0.67733 and from 0.67784 to 0.67835, among others. However, such jumps over the course of a day could be normal in currency exchange context, thus further analysis would be needed to confirm, using outlier detection methods.