2024-05-22 Belize Dollar News
2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of the Exchange Rates
Studying the exchange rate data, it is perceivable that the BZD currency rate fluctuates within a relatively small range. The maximum value it reaches is 0.67803 while the minimum value is 0.67535. Based on these values, there isn't a strong consistent upward or downward trend. The rate goes up and down, but it generally stays within this narrow band.
Seasonality or Recurring Patterns
The dataset shows that the BZD rate frequently fluctuates throughout the day. There are short periods of rising and falling rates, suggesting some cyclicality on a daily level. However, with the given data it is difficult to discern a clear recurring pattern or trend.
Identifying Outliers
The data ranged between 0.67535 - 0.67803, suggesting that the BZD exchange rate did not vary significantly within the timeline. Considering the narrow range of fluctuations, it's unlikely that outliers appear in this dataset
To identify outliers with a high level of precision, more sophisticated statistical analyses could be used. However, given the parameters you set - only reported exchange rates over a single day, and no analysis of external factors - there's not likely to be significant outliers. Moreover, single day data does not provide adequate information about possible long-term trend or seasonality.
Consideration Factors
There are other factors that could affect the analysis significantly but are not in the scope of this analysis as per your request. For example, the market opening/closing hours could directly affect the exchange rate. Additionally, certain news or financial reports might dramatically influence the currency rate. Keep in mind that such external factors are not considered in this assessment.