2024-05-09 Belize Dollar News
2024-05-08
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 Analysis:
The time series data shows some fluctuation in the exchange rates over the period, however, there is no clear increasing or decreasing trend. Instead, the data seems to be relatively stable, with values mostly oscillating between approximately 0.680 and 0.682. While there are minor rises and falls, they do not appear to show a consistent direction. Hence, one could say that the rates have remained generally stable throughout the period. Xmls.
2. Seasonality and Recurring Patterns:
In terms of seasonality or recurring patterns, a more thorough statistical analysis would be needed for precise identification. Given the data, it is difficult to immediately identify any obvious seasonal patterns or repetition in the fluctuations. The rate movements appear to be more random than cyclical in nature at this stage. Nonetheless, further analysis with appropriate time series methods could reveal more subtle seasonal components obscured in the current view.
3. Identification of Outliers:
Similarly, for identifying outliers, a comprehensive statistical analysis involving measures such as standard deviations would ideally be executed. However, at a glance, there does not seem to be any data point that significantly deviates from the general trend. The fluctuations all appear to be relatively minor and within a consistent range. Hence, it could be initially concluded that there are no significant outliers in the data. However, this should be confirmed through a detailed outlier detection analysis.
Conclusion:
In conclusion, the BZD exchange rates over the given period show relatively stable behaviour with no clear upward or downward trend. There isn't any immediately obvious seasonality or recurring patterns, and no significant outliers can be spotted. A more advanced statistical analysis might reveal more subtle behaviours and validate these preliminary observations.
