2024-05-15 Brazilian Real News
2024-05-14
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
I will start by analyzing your time-series financial data for insights on the BRL exchange rate.1. Overall Trend
In general, a trend in data is the overall direction that the data is heading in over time. The BRL exchange rate data you provided appears to be relatively stable, with a slight decrease from the start of the data set (0.26535) to the end (0.26603). The fluctuations were mostly between the range of 0.265 to 0.266 indicating a rather stable exchange rate. However, we observed a sudden increase starting around 07:00 where the exchange rate jumped from 0.26532 to a peak of 0.2662 at around 07:10. It then stabilized around the range of 0.265 to 0.266 for the rest of the day.
2. Seasonality or Recurring Patterns
Seasonality refers to predictable and repeating patterns that occur periodically. In this data set, the BRL exchange rate does not have a clear seasonality pattern due to the short time frame (only one day's data is provided). However, the increase in exchange rate every day around 07:00 could be considered a daily pattern if proven consistent over a longer period of time.
3. Outliers
An outlier is an observation that lies an abnormal distance from other values in a random sample from a population. In the case of this data set, there is a visible sudden surge from 07:00 to 07:10. This could be due to a variety of factors such as sudden changes in market demand or supply for BRL, or the release of critical financial news or reports. This spike is noted as an outlier as it differs significantly from the stable trend observed throughout the rest of the data.
Please note this analysis does not consider external factors like market opening/closing hours, weekends/holidays, or key financial news and reports, and does not generate forecasts for future rates. Further and more extensive data would be needed for a comprehensive and detailed analysis.