2024-04-30 Brunei Dollar News
2024-04-29
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
Analysis of Time Series Exchange Rates DataOverall Trend of Exchange Rates
From initial observation of the provided data, there appears to be a clear upward trend in the exchange rates. This means the value of BND is generally increasing over the analysis period. The initial value, at 0:00:02 on 2024-04-29, was 1.00075. By 23:45:02 on the same date, the value increased significantly to 1.00576.
Seasonality or Recurring Patterns
Due to the short timeframe—less than 48 hours—it's difficult to definitively establish any signs of seasonality or recurring patterns in this dataset. However, upon analysis, we can see continuous hourly fluctuations. It would be necessary to observe a more considerable amount of data to identify whether there are recurrent patterns, such as daily or weekly shifts in the exchange rate.
Outliers in Exchange Rates
- One notable outlier occurs around 06:40:02, where the rate shoots up to a peak of 1.00387 from the previous value of 1.00183. Following this, there is a slight fall and then continues increasing. This could be due to some impactful microeconomic event or a data error, but within the given context, we cannot definitively determine the cause.
- Another significant increase happens around 14:05:05, where it jumps to 1.00537 from 1.00463. This sharp change may suggest an influential factor at play during this time.
Such large shifts amidst relatively stable data can often be seen as outliers, especially in the absence of clear event-driven causes. However, it is worth noting that financial markets data can often exhibit 'jumps' due to news reports or changes in market sentiment.
Note:
The analysis performed here is purely based on the historic time-series data provided. It does not take into account any external influences such as geopolitical events, economic announcements, changes in fiscal or monetary policy, etc., which could have a significant impact on exchange rates. Furthermore, this analysis does not attempt to forecast future rates. It merely assumes the provided data to recognize patterns and trends.
