2024-04-23 Brazilian Real News
2024-04-22
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend
Assessing the trend of exchange rate over time is a crucial step in understanding its dynamics. In this case, the downward trend in the exchange rate of BRL can be observed, from a high of around 0.1987 to a low of 0.9038 at the end of the period. Hence, it can be inferred that the BRL has been weakening over the period in sight.
Identifying Seasonal Patterns
Looking at the data provided, there is no clear evidence of any seasonal or recurring patterns within the exchange rates. They appear to fluctuate somewhat erratically throughout the period outlined. A more in-depth statistical analysis may be required to accurately identify seasonality, however, from a cursory view there does not seem to be an explicit pattern present.
Outliers in the Data
An in-depth analysis would be necessary to determined statistical outliers. However, at first glance, there does not appear to be dramatically significant outliers within the dataset. Exchange rates seem to be fluctuating within a certain range without any drastic deviations.
Note:
Usually, external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports, do play an essential role in determining the fluctuation in exchange rates. While this analysis is a basic overview of the behavior of BRL, for a more accurate interpretation of the dynamics of these rates, understanding these factors would be recommended.