2024-04-18 Bermudian Dollar News
2024-04-17
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. Understanding the Overall Trend of the Exchange Rates
Looking at this dataset, it is clear that the exchange rate between the BMD has varied throughout the given timestamps. The exchange rate started at 1.38206 and ended at 1.37539. The highest rate in this data series is 1.38355 and the lowest rate is 1.37495. The overall trend in the exchange rates appears to be slightly decreasing as the final rate is lower than the initial rate.
2. Identifying Seasonality in Exchange Rate Changes
Seasonality in time-series data refers to regular and predictable changes that recur every calendar year. Any predictable fluctuation or pattern that recurs over a one-year period is said to be seasonal. However, it's quite challenging to denote any clear seasonality from the given dataset as the data is not multi-year and it doesn’t cover every hour of each day.
3. Outliers in the Dataset
Outliers in a dataset can often provide useful information about the unusual occurrences in the data. In this dataset, however, any significant outliers are not immediately apparent. But please note that a thorough statistical analysis may reveal outliers that aren't immediately apparent.
To summarize, this dataset illustrates the changing BMD exchange rates over a certain period. The rate has slightly decreased during this period. No clear seasonality can be established from this dataset and no obvious outliers can be found. Further and more detailed statistical analysis would provide a more complete understanding of the dataset.
