2024-04-24 Boliviano News
2024-04-23
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
The given dataset presents exchange rates data for the BOB (Bolivian Boliviano) ranging from 0.19769 to 0.19877. The data points fluctuate with time and exhibit slight increases, stabilizations, and decreases throughout. However, the overall trend seems to be relatively stable with slight variations in numeric values. There is no distinct overall downward or upward trend in the given timespan.
2. Seasonality or Recurring Patterns
Time series financial data like these often exhibit recurrent patterns due to systematic and predictable changes associated with the time of day, week, or month. However, in this given dataset, there do not seem to be any clear seasonal trends or recurring patterns in the data within the given timespan. It might require a larger timeframe or deep dive into micro-trends per specific intervals (i.e., hourly or daily) to determine if there are specific times of day or other periods where the rates typically rise or fall.
3. Identifying Any Outliers
In the given dataset, most of the values lie within the range of 0.19769 to 0.19877, so there doesn't seem to be any significant outliers. We could use statistical methods such as the interquartile range (IQR) method or standard deviation method to precisely determine if there are any data points that deviate significantly from the trend. However, at a cursory glance, the exchange rates remain within a narrow corridor without venturing too far from the central values.
It's important to note that while the data provided does reflect the changes in BOB exchange rates, a comprehensive analysis requires considering external factors not explicitly stated in this dataset. These influences can include market trends, economic news, geopolitical events, and many other unpredictable elements that can cause fluctuations in exchange rates. Although this level of insight was not requested within this task, it is crucial for a full understanding of the situation.