2024-05-16 Brazilian Real News
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2024-05-15
Summary of Yesterday
- 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 of Exchange Rates
After a comprehensive analysis of the provided dataset, a general downward trend in the BRL exchange rate can be observed from 0.26606 on 2024-05-15 00:00:02 to 0.26499 on 2024-05-15 23:55:02. This suggests that currency has been losing value over time. Even though there are minor fluctuations both upward and downward within this period, the broader pattern shows a decline.
Identifying Seasonality or Recurring Patterns
In regard to seasonality or recurring pattern, due to the limited data (only one day), it is difficult to identify any significant recurring patterns. However, one can say that the exchange rate tends to be relatively stable with minor fluctuations in value -- this can be seen from the relatively minimal change in the exchange rate throughout the day.
Noting Any Outliers
An outlier event in the data set can be observed at timestamp 2024-05-15 07:10:03 where the exchange rate abruptly falls to 0.26455. Apart from this, there are no significant outliers or instances where the rate significantly deviates from its normal trends can be observed within this one-day data.
Please note that for more precise recommendations and findings, more data would be needed, preferably spanning over different months and years to take into account various economic factors and seasonal trends. However, from the present single-day data set, the above peeks into the currency's behaviour can be garnered.
Please bear in mind, since I was asked not to consider any specific events or external factors like market opening/closing hours, weekends/holidays or the release of key financial news, these observations are based purely on the exchange rate data provided.
![Dramatic Fluctuations in BRL Exchange Rates Witnessed Over 24 Hours](http://currencymart.net/images/news/brazilian-real/2024-05-16/img-EjCKCGToazmgSc1oOuxYbBv4.webp)