2024-05-22 Boliviano News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
The data provided shows only minor fluctuations in rates with both uptrends and downtrends throughout the period. From a broader perspective, these fluctuations do not indicate a clear upward or downward overall trend. More so, it seems like the exchange rate is relatively stable during this period, with minor variations. The highest value of in the provided data set is about 0.19778 and the lowest is around 0.19701. Difference between the highest and the lowest value is minuscule offering the conclusion that the exchange rate is relatively flat.
Seasonality or Recurring Pattern
From the given time-series data, it appears that there isn't a clear and consistent recurring pattern in relation to time (e.g., hourly or daily). Normally, in data that spans across several months or years, you could observe seasonal trends or repeatable patterns after a certain regular interval. However, since this data only spans a single day, making statements about seasonality is quite difficult.
Outliers Analysis
The values in dataset seem to fall within a reasonable range of a central level, between the high of 0.19778 and the low of 0.19701. Extreme values which appear out of line from the general trend could be considered as outliers. However, in this dataset, such extreme deviations are not present. For a more quantitative and formal analysis of outliers, statistical techniques could be used like IQR method or Z-score method. But generally, from simple observation, noticeable outliers are absent here.
![Hourly Fluctuation Observed in BOB Exchange Rate](http://currencymart.net/images/news/boliviano/2024-05-22/img-dbaLsqxbnuRU54RfwBMlAzUB.webp)