2024-05-20 Bermudian Dollar News
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2024-05-19
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
Understanding the Overall Trend of the Exchange Rates
Upon inspection of the dataset, it's observed that the exchange rates in BMD do not follow a specific increasing or decreasing trend. Instead, the rates fluctuate up and down within a fairly narrow range, approximately 1.35 - 1.39, without displaying a clear move in one direction or another over the long term. The high-level trend hence appears to be somewhat stable across this period of time.
Identifying Seasonality or Recurring Patterns
A thorough analysis does not reveal any consistent daily, weekly or monthly seasonality pattern in the BMD exchange rate over the given time series data. The exchange rate oscillations seem to be irregular and driven by factors not observable in the dataset. This means there's no specific time of the day, the week or the month where rates turned out to be predictably higher or lower.
Outliers and Unexpected Data
As per the given dataset, there doesn’t seem to be any major outliers or instances where the exchange rate differs significantly from the expected values based on trend or seasonality. All observed changes fallen within the normal volatility expected in currency exchange rates. While there are smaller fluctuations in price, these are normal in these kinds of financial time-series data and do not represent extreme outliers.
Remember, this analysis strictly sticks to the provided data, and does not incorporate external influences such as global markets opening/closing hours, weekends/holidays, or key financial news and reports. These can have substantial impacts on currency rates, but are not accounted for in this particular analysis.
![Rising Volatility Observed in BMD Exchange Rates Over a Fortnight](http://currencymart.net/images/news/bermudian-dollar/2024-05-20/img-ipFX55JGjAjebNdMbXiQMBFk.webp)