2024-05-10 Brazilian Real News
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2024-05-09
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 of Exchange Rates
The overall trend for the period provided appears to be relatively stable with slight fluctuations. It starts from a rate of 0.26972 and ends at a rate of 0.26619. There are certain periods of incremental increases and decreases, however, the difference is minimal to suggest a steady trend. The slight variations in the middle of the dataset might represent moments of market volatility.
Seasonality or Recurring Patterns
In the dataset provided, no clear seasonality or recurring patterns can be identified at first glance. The usual practice is to infer seasonality patterns from a dataset that covers at least two or more identical seasonal periods. However, the current dataset doesn't seem to be long enough to conclusively identify any daily or even hourly seasonality trends. A larger or more diversified time series dataset is required for a more precise assessment of seasonality patterns in exchange rates.
Significant Outliers
The dataset appears to have no significant outliers. Most of the exchange rates remain within a small range. Although there are slight increases and decreases, these changes do not seem large enough to be classified as outliers. Rather, these minor fluctuations reflect the normal market dynamics and trading activities. As per the regular financial market behavior, there are bound to be periods of higher volatility interspersed with periods of lower volatility. The dataset seems to reflect this typical market trend.
Limitations and Further Analysis
This analysis is based solely on the data provided and does not take into account external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. These elements are crucial in influencing exchange rates and would add more depth and precision to the analysis if they were considered.
Lastly, while fluctuations are seen, they could be attributed to many factors in financial markets. These might involve shifts in economic indicators, geopolitical events, changes in interest rates, or alterations in the country's balance of trade and so on. Furthermore, the forecast for future rates is not considered in this analysis as per the instruction given.
![BRL Exchange Rate Exhibits High Stability Amid Market Fluctuations](http://currencymart.net/images/news/brazilian-real/2024-05-10/img-M3SNvSBvrIzpscTTJhyOolN4.webp)