2024-05-09 Boliviano News
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2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Data Analysis
The given dataset includes timestamp and exchange rates. The timestamps range is from 2024-05-08 00:00:02 to 2024-05-08 23:55:02. The exchange rates are from 0.19848 to 0.19912.
Overall Trend Analysis
After executing the in-depth analysis, we can say that the overall trend of the exchange rates within the given time range i.e., 2024-05-08 00:00:02 to 2024-05-08 23:55:02, is stable with slight fluctuations. The exchange rate has witnessed a rise in the mid-times, reaching a peak of 0.19912 at the timestamp 2024-05-08 07:20:03 but then went through a small downturn phase. However, it remained pretty much stable across the whole timeline.
Seasonality Analysis
As per the given data, we have only a single day's data. Normally, for conducting seasonality analysis we need more granular data spanning across multiple cycles, which can be a week, month, quarter or a year. Since the provided data is only for 24 hours, we cannot identify any seasonality or recurring patterns. However, we do observe some intra-day volatility, which is common for exchange rates given the 24-hour trading cycle but attributing this volatility to any seasonality is not possible with limited data.
Outliers Analysis
In terms of outliers, there's a small increase within the dataset. The rates reached a peak value of 0.19912 at 2024-05-08 07:20:03, which can be considered a little above the norm relative to the surrounding values. Due to the stable nature of the overall trend, this high could be classified as an outlier. But it's important to note that such fluctuations, while being outliers, are not too far removed from the expected values based on the trend.
![Minor Fluctuations Observed in BOB Exchange Rates Throughout the Day](http://currencymart.net/images/news/boliviano/2024-05-09/img-6s6K6iTK7uaqnpHQFnX6adUf.webp)