2024-04-23 Brunei Dollar 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
Overview of Exchange Rates Trend
To get a sense of the overall trend of the exchange rates, it's essential to look at the exchange rates' starting and ending points, as well as the general movement between those points. The exchange rate started at 1.00838 and ended at 1.00606, indicating a slight decrease over the period. However, looking at the data in between these points, there isn't a consistent downward trend. Rather, the rates tend to fluctuate slightly around the 1.005 - 1.009 range. Thus, the general trend could be characterized as relatively stable with minor fluctuations.
Identifying Seasonality or Recurring Patterns
In time-series data like this, recurring patterns or seasonality could manifest as consistent decreases/increases in the exchange rate at certain times of the day/week. However, due to the narrow range of the fluctuations, it is challenging to identify a clear recurring pattern or seasonality in this dataset. The exchange rate does not appear to consistently increase or decrease at specific points in time, so there's no clear seasonality that emerges.
Noting any Significant Outliers
An outlier in this dataset would be a moment when the exchange rate differs significantly from the general range of 1.005 - 1.009. There are few points that do touch the upper and lower bounds of this range, but none that clearly break away from it. So, it seems that there are no significant outliers in this dataset. This suggests that the exchanges rates were generally stable, with no major unexpected surges or drops over the period.
