Noticeable Upward Surge in BZD Exchange Rates
2024-05-13
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
Understanding the overall trend
The exchange rates provided shows mild fluctuations across the data points. It starts with a value of 0.67829 and ends with 0.67901. Therefore, it can be seen that overall, the exchange rate has mildly increased over time. It can be said that the exchange rate overtime is showing a stable trend with minor deviations.
Identifying Seasonality
With respect to the data provided, it does not show a clear evidence of seasonality or cyclical patterns. The fluctuations are relatively uniform throughout with no discernible recurring intervals. More data would be required to determine any seasonality pattern, for instance data across various years.
Outliers Detection
From the values presented, no significant outliers were initially detected. The values despite their minor fluctuations, remained within a close range. However, for a thorough outlier detection, statistical methods like IQR (Interquartile range) or Z-Score could be applied to identify if any value significantly deviates from the expected range.
Note: While conducting this analysis, external factors such as market opening/closing hours, weekends/holidays or the release of financial news and reports were not taken into account. Considering these factors could potentially provide a more in-depth understanding of the market dynamics impacting the exchange rates.
