2024-05-16 Boliviano News
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2024-05-15
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 of the exchange rates
After careful analysis of the provided dataset, it seems that the overall trend of the exchange rates (BOB) is predominantly downward during the given period. Starting from 0.19787, we can trace a series of decreasing values until the end, which is 0.19817. Though some small fluctuations can be noticed, the general trend leans more towards a decrease.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
The dataset does not present an easily discernible pattern of seasonality in the exchange rates over the observed period, mainly due to the high frequency of data points (every 5 minutes). There does seem to be some level of volatility at certain portions of the dataset demonstrating possible intraday patterns, but these are not consistent throughout.
3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
Upon analyzing the data, there does not appear to be any obvious outliers or instances where the exchange rate significantly deviates from the general downward trend. This might inherently point towards a relatively stable exchange rate system with standard fluctuations, under normal market conditions during the observed time frame.
4. External factors pertaining to the exchange rates
As per your specification, no external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports have been considered in this analysis. These factors could definitely play significant roles in the movement of exchange rates, and their consideration might give a more all-encompassing understanding of the trends.
5. No future forecast
Given the scope and limitations of the dataset, as well as your specific instructions, no predictions or forecasts have been made about future exchange rates. Hence, the aforementioned evaluations revolve solely around the existing data given without any predictive analysis.
Please keep in mind that while this analysis provides a comprehensive overview of the trends and patterns within the given dataset, it does not account for every possible factor affecting exchange rates. Therefore, this should not substitute for professional financial advice or comprehensive market analyses.
![Unprecedented Stability Observed in BOB Exchange Rates](http://currencymart.net/images/news/boliviano/2024-05-16/img-iXMb0LNO7b22fb2eQaPdnab2.webp)