Unprecedented Surge in BMD Exchange Rate Registered Across the Day
2024-05-16
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
Reviewing the dataset, the exchange rate generally exhibits an upward trend. The exchange rate begins at approximately 1.36068 and ends at 1.36255. This slight increase suggests that the trend over the period shown in the dataset is an incremental rise.
2. Identifying Seasonality or Recurring Patterns
From a cursory examination of the data without considering specific factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports, it is difficult to identify any clear-cut recurring patterns or seasonality in the dataset. The data points are relatively tight together without any periodic rises or falls that would suggest a seasonal pattern. However, a more complex statistical analysis might uncover subtle patterns or cycles in the data that are not immediately visible from a straightforward reading of the numbers.
3. Identifying Outliers
Based on the dataset provided, there are minimal outliers or spikes noted. The majority of the recorded exchange rates remain within a relatively narrow range, with no individual data points deviating dramatically from this range. Each rate change does not differ significantly from the prior or next entry, indicating a gradual fluctuation in exchange rate, with no sudden or significant increases or decreases. This observation is made without the benefit of detailed contextual data, so these conclusions are purely based on the numerical dataset provided.
