2024-05-13 Boliviano News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-12
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
Overall Trend
The general trend over the provided period seems to showcase a somewhat stable exchange rate. There are minor fluctuations in the data, but overall, there is no significant trend of a consistent increase or decrease in the exchange rate. This can be verified by analyzing the difference between the highest and lowest points. The highest recorded exchange rate is 0.19967, while the lowest one is 0.19663, and this relatively small range indicates a fair level of stability in the rates.
Seasonality or Recurring Patterns
Based on the provided time series data, there does not appear to be a clear seasonality or recurring pattern in the changes of exchange rates. Changes in rates occur at various times throughout the data set, with no apparent correlation to specific times or dates. Given the short timeframe and high frequency of recordings, it'd be challenging to discern any yearly or monthly seasonality strictly from this data.
Outliers Identification
Outliers in exchange rate data usually refer to points that deviate significantly from the expected rate based on the historical data trend. Due to the small variation in exchange rates in this data set, no significant outliers are noticeable. However, there is minor volatility observed occasionally - above average increases and decreases in the rate are seen, but these deviations are not significant enough to be considered as outliers without additional context.
Please note, these observations are solely based on the provided data. Deep financial analysis requiring understanding of market conditions, financial events, or the BOB's country specific news would require external data sources and is beyond the scope of the provided data.
![BOB Exchange Rates Experience Fluctuations - A Detailed Analysis Reveals Insight](http://currencymart.net/images/news/boliviano/2024-05-13/img-RhFyPQljKK3MmZqlFwKD0dmw.webp)