2024-04-19 Brunei Dollar News
2024-04-18
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
Based on the provided dataset, there are general changes in the exchange rates (BND) over the given period. The rates began at 1.01217 at the start of the period, and ended at 1.00940, indicating an overall decline. However, there were several fluctuations observed in between with the rates reaching as high as 1.01327 and as low as 1.00894.
Seasonality or Recurring Patterns
Time series data like this is often used to identify seasonal or periodic trends, although it requires a longer period of observation and recurring characteristics. Given the short range available in each time frame (within an hour), it's challenging to discern any recurring or seasonal patterns in the rates' changes. There is no clear pattern suggesting factors such as time of day lead to regular increase or decrease.
Outliers and Significant Variations
There was some level of volatility observed in the dataset, with certain high and low points that can be considered significant. The most notable of these are the dramatic decreases and increases. For example, on 2024-04-18 from 20:05:03 to 20:15:03, the rates went down from 1.01327 to 1.00894, one of the lowest points in the day. This demonstrated the largest single drop over the span of this dataset and can be considered an outlier.
Thus, while the rates generally show an overall decrease, there is quite a bit of variability and no clear pattern of behavior within the hours observed. As previously mentioned, it's also crucial to understand that foreign exchange rates are influenced by numerous external factors (not accounted for in this analysis), so these patterns should not be interpreted as predictable or indicative of future behavior.
