2024-03-12 Bermudian Dollar News
2024-04-23
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
The dataset shows fluctuations in the exchange rates from timestamp to timestamp. However, overall, the dataset suggests a slight downward trend in the exchange rates when considering the entire dataset. This indicates that the currency (BMD- Bermudan Dollar) somewhat depreciates with time.
Seasonality
From a cursory overview, it is not straightforward to determine any seasonality in the data. A more detailed and comprehensive analysis would be needed for this. In financial terms, intraday seasonality might exist, where specific times of the day might experience different average exchange rates.
Outliers
There are no noticeable significant spikes or drops in the exchange rate at any given point from a high-level viewpoint. Hence, it is difficult to point out any outliers based on the trend. Here, an outlier is defined as a data point that lies significantly away from the other values in a random sample from a population. Further in-depth analysis with statistical tests would provide a more accurate picture of the outliers.
Note
The above analysis is solely based on the statistical description of the provided data. This does not consider any external influencing factors such as geopolitical events, changes in interest rates, inflation, or market sentiment, all of which could impact the exchange rate trends.
Conclusion
- The overall trend in the currency exchange rate seems to be a slight depreciation over the given period, as suggested from a high-level overview of the data.
- The dataset does not transparently indicate any seasonality or recurring patterns. We might identify these with a more detailed statistical analysis.
- No significant outliers are detected at first glance, meaning that there are no abnormal spikes or drops in the exchange rate.