2024-05-13 Bermudian Dollar News
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2024-05-12
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
For this dataset, the field 'date_at' denotes the timestamp while the 'bmd' field reflects the exchange rate value. Let's delve into an evaluation of the data set and derive a few conclusions.1. Overall Analysis
Looking at the dataset, the overall trend in the exchange rate appears to fluctuate between an approximate boundary of 1.36 - 1.38. There seems to be both sporadic increments and decrements followed by periods of stability. Without an explicit plot or visualization of the data, precise interpretation could be challenging. However, reading from the numbers directly, it's evident that the exchange rate bears a certain level of volatility without a clear, progressive trend of rising or falling in the provided time frame.
2. Seasonality or Recurring Patterns
Given the nature of the time series data in a relatively short period (less than a month), it's tough to observe any distinct seasonality or cyclical trends at a glance. No clear recurring patterns manifest as with a daily or weekly cycle. More sophisticated statistical analysis or longer-term data might be necessary to identify such patterns.
3. Outliers
The tabulated data doesn't seem to contain any substantial outliers. For example, there are no instances where the exchange rate suddenly spikes or plunges drastically within a short window. Retention of consistency within a close range also alludes to the absence of external shocks during this period. Ultimately though, identifying outliers consistently requires more advanced statistical tests or visual inspection through data plots.
In conclusion, the data indicates that the exchange rates are relatively dynamic, though they remain within a specific bracket. Understanding these fluctuations in a greater depth might need further sophisticated analyses or more comprehensive indicators. As per the parameters, this analysis doesn't account for market operational hours or specific financial news events that may have driven the exchange rates.![Rising BMD Exchange Curve Indicates Buoyant Market](http://currencymart.net/images/news/bermudian-dollar/2024-05-13/img-MFcd6LGa0Mo4UkNjZssvsw7k.webp)