2024-05-03 Belize Dollar News
2024-05-02
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend of the Exchange Rates
After performing a thorough analysis of the data provided, the overall trend of the Belize Dollar (BZD) exchange rate seems to fluctuate within a minor range. There is no clear direction of a persistent increase or decrease over the timeframe given. The data follows a fairly regular, oscillating pattern, and the majority of the rates remain within the range of 0.67760 to 0.68360.
2. Seasonality and Recurring Patterns
Based on the time-series data, there does not appear to exist any clear seasonality or recurring patterns in the data provided. This lack of a seasonal trend indicates that the exchange rate of BZD does not depend on the time of year or month. However, there do appear to be minute fluctuations in rate throughout the dataset. More data over an extended period might be needed to make a definitive statement about recurring patterns or seasonality.
3. Outliers in the Data
The exchange rates provided in the dataset appear to be quite stable, generally staying within a certain range. Nevertheless, some outliers can be identified. The rate dipped to a low of around 0.67760 several times and reached high points of up to 0.68360 on some instances. These values represent minor departures from the general trend, and might suggest the influence of external factors. However, as per the request, these particular factors were not considered in the analysis.
To conclude, the BZD exchange rates showed a fluctuating but generally stable trend for the given period. There doesn't appear to be any clear seasonality or recurring patterns within this dataset. Further studies might be required to understand the impact of external factors and the finer dynamics of the exchange rates.