2024-05-06 Belize Dollar News
2024-05-05
Summary of Last Week
- 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 Rate
Given the data entries provided, the overall trend of exchange rate shows fluctuating occurrences. A simple observation shows that the exchange rate started at 0.67199 on 2024-04-05 and the last recorded rate is 0.67923 on 2024-05-03. Despite some minor fluctuations, the rate experienced a noticeable jump on 2024-04-10, then gradually dropped afterwards, and seemed to spike back up in late April.
Seasonality or Recurring Patterns
The presented data isn't sufficient to clearly determine seasonality or recurring patterns. With a short-time span (about a month), and exchange rates being influenced by many factors and global events, it's challenging to identify specific patterns or periodic fluctuations just based on this dataset. However, a tendency for the rate to spike or drop significantly within a day can be seen on some occasions that might be attributed to market active hours.
Outliers
Outlier detection requires a thorough statistical analysis. But from a simple visual scan of the data, a few potential outliers can be spotted, such as the jump to around 0.678 on 2024-04-10 and then a drop to around 0.671 on 2024-04-10. A careful analysis is needed to confirm these as outliers or justify them as effects of normal fluctuations.
Conclusion
Remember that financial analysis is a complex process that involves understanding various market factors. These initial interpretations can be starting points, but a more comprehensive study would take into account not just the historical data patterns and outliers, but also external factors such as economic indicators and political events, among others. Even though such studies are not to be included in this analysis, they are always important to consider in real-world financial analyses.