2024-05-14 Bermudian Dollar News
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2024-05-13
Summary of Last Month
- 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
Upon examining the complete time-series dataset, it appears the exchange rate has experienced minor fluctuations throughout the given period. While there are occasionally some increases and decreases, the general trend seems relatively stable, staying within the range of 1.36639 - 1.36855. There isn't an evident upward or downward solid trend.
Seasonality or Recurring Patterns
In terms of seasonality or recurring patterns, the data does not display a clear-cut daily or hourly pattern - changes in the exchange rates do not seem to be dependent on specific times in a given day. However, we notice cyclical oscillatory fluctuations which indicates some pattern may exist but is not directly visible through the provided dataset context, suggesting additional factors outside of the given dataset could be influencing.
Outliers
Outliers in a dataset are not always immediately evident, particularly in time-series data such as this which naturally experiences fluctuations. There don't appear to be any significant outliers in the dataset where the exchange rate differs drastically from the trend. Certain periods experience minor rate spikes or drops, but all within a consistent range. It is fair to say this dataset did not present with substantial outliers.
Note that for a more complex and detailed financial analysis, additional in-depth techniques such as statistical modeling to identify underlying trends, extrapolation for prediction, or machine learning approaches may be employed.
![Subtle Fluctuation Observed in Bermudian Dollar Exchange Rate](http://currencymart.net/images/news/bermudian-dollar/2024-05-14/img-3dyvPOWo6uO1VsRUK0nKHXKl.webp)