2024-05-20 Boliviano News

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

Data Analysis Results

This is a summary of the in-depth analysis of the time-series data for changes in exchange rates (BOB) at various timestamps. The interpretation was focused on understanding overall trends, identifying seasonality or recurring patterns, and noticing any outliers.

Understanding the overall trend

The exchange rates oscillate between a high of 0.19942 and a low of 0.19663. The general trend seems to be wavering, implying there is no clear indication of a constant increase or decrease in exchange rates. Rather, the rates appear to float up and down within the noted high and low limits.

Seasonality or recurring patterns

From the data, it doesn't appear any definite seasonal or weekly recurring pattern. The exchange rate seems to fluctuate relatively at random without assuring hours or days of peaks or troughs, eluding a clear conclusion on seasonality within this dataset.

Outliers

The outliers with significantly different exchange rates might be tough to identify due to the range of exchange rates being quite close (between 0.19663 and 0.19942). There isn't a point that deviates substantially from the average within this dataset, so it seems there are no considerable outliers.

It is crucial to recognise that such analyses might differ if more data points were available or if this analysis considered external factors such as market opening/closing hours, weekends/holidays, and the release of essential financial news and reports. This analysis focused only on data trends and did not incorporate any known external events.

Also, I obeyed your request not to produce any future exchange rate forecasts.

ctuations The latest data from the financial markets reveals that the Bolivian Boliviano (BOB) exchange rate has exhibited steady trends despite minor fluctuations over the past month, suggesting the prevailing economic stability in the country. The time series dataset, spanning from April 19, 2024 to May 17, 2024, outlines the subtle, yet steady ebbs, and flows of the BOB exchange rate during different intervals. The analysis of this data provides insights into the various influencing factors impacting the exchange rate as well as the economic outlook of Bolivia. Of the most notable events throughout the period, from late April to early May, the Boliviano saw a gradual decline. During this phase, the value fell from a relative high of 0.19942 to a month low point of 0.19663. While the intensity of this drop was not drastic, it pointed towards a shift in the market conditions. However, the BOB quickly regained its footing in the market towards the mid of May, improving from 0.19663 to 0.19841. This growth indicates the resilience and adaptability of the Bolivian economy despite temporary market setbacks. Various factors could have contributed to these fluctuations. External circumstances such as trade policies, geopolitical events, and changes in the global economic outlook are common influences on currency exchange rates. Simultaneously, domestic factors related to Bolivia''s economic performance, such as GDP growth, interest rates, and inflation, could also have played a role. In particular, the strength of the Bolivian economy in the past few years, combined with steady foreign investment inflow, could have contributed to the stability of the BOB. Furthermore, Bolivia''s sound fiscal policies and favorable economic indicators may have enabled the nation to weather the minor turbulence in the market. Going forward, the market watchers should keep an eye on both domestic and global developments that could impact Bolivia''s exchange rate. Matters to watch for include upcoming financial policies and reforms within Bolivia, evolving global economic indicators, and geopolitical events that could potentially upset the market stability. In conclusion, despite the slight changes observed in the data, the overall stability of the BOB exchange rate exhibits growth, resilience, and potential within Bolivian economy. However, continuous monitoring of the factors influencing these rates will be critical for the future economic outcomes of the country.BOB Exchange Rate Exhibits Steady Trends Amid Market Fluctuations

Current Middle Market Exchange Rate

For information purposes only.