2024-05-06 Boliviano News
2024-05-05
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
1. Overall Trend of Exchange Rates
The overall trend of the exchange rates appears to not follow a consistent upward or downward trajectory, instead showing stability with slight fluctuations. The data begins at an exchange rate of 0.19603 at the 4th of May, 2024, and ends at a rate of 0.19771 on the 3rd of May, 2024, indicating a very slight increase over the observed period, but it is essential to note that the data oscillates frequently within this period, indicating the lack of a clear upward or downward trend. The highest rate recorded was 0.19973 on the 15th of April, 2024, and the lowest recorded was 0.19579 on the 10th of April, 2024.
2. Seasonality and Recurring Patterns
In terms of seasonality or recurring patterns, it's challenging to accurately determine without information about the frequency of data points. Still, there seems to be minor periodic swings in values when looking at the provided time-stamped data. For instance, you notice that a series of increases often follow a series of decreases, which may suggest influencing factors operating in a cyclical manner.
3. Outliers in Exchange Rates
In the existing dataset, there are no significant outliers or any instances where the exchange rate differs significantly from the trend. The fluctuations in the exchange rates are relatively small and do not deviate too far from the general range of rates. However, it's worth mentioning the drop in exchange rates on the 10th of April, 2024, which went from 0.1979 to 0.19579. This drop is the most significant within the one month period, though it's not necessarily an outlier as the rate bounces back rather quickly.
Final Notes
- This analysis is based on the underlying assumption that the exchange rates are affected by numerous factors not accounted for in the dataset.
- This analysis does not consider potential macroeconomic or microeconomic events that could impact exchange rates.
- The analysis does not provide any predictive capabilities or future forecasts based on the dataset.