2024-05-01 Bermudian Dollar News
2024-04-30
Summary of Yesterday
- 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 of Exchange Rates
Upon analysis of the provided time-series data, it can be observed that there's an overall increase in the BMD exchange rate over the period. The exchange rate starts from 1.36815 and ends at 1.37795, with a general trend of upward movement despite minor fluctuations. However, there is variability within this upward trend, and the rate doesn't increase monotonically but rather with a series of ups and downs.
Identifying Seasonality and Recurring Patterns
Based purely on the provided data, and while not considering external market factors, it's difficult to identify specific seasonal or recurring patterns in the changes of exchange rates. Rates show variability and fluctuations throughout the given time period, however, these fluctuations do not seem to follow a specific repetitive pattern that can be classified as seasonality. To conclusively identify any hidden seasonality, more sophisticated statistical methods such as Autoregressive Integrated Moving Average (ARIMA) models or Fourier analysis may be necessary.
Noting Outliers
From examining the data, there seems to be a significant jump in the exchange rate at the 2024-04-30 07:40:02 timestamp, where the rate jumps from 1.3676 to 1.37225. This spike is significant enough to be considered an outlier, as it deviates markedly from the exchange rates directly before and after it. No other significant outliers are observable from a simple examination of this dataset.
Summary
In conclusion, the general trend within this dataset is an increase in the BMD exchange rate. While there are minor fluctuations, the overall trend is upwards. Seasonality or recurring patterns are not immediately identifiable from the data, at least not without employing more sophisticated statistical methods. There is, however, a noticeable outlier in the form of a large spike on 2024-04-30 07:40:02.
