2024-05-20 Boliviano News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-19
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.
![BOB Exchange Rate Exhibits Steady Trends Amid Market Fluctuations](http://currencymart.net/images/news/boliviano/2024-05-20/img-dmdSZYBfzZar5DLAvWxcI4oJ.webp)