2024-05-02 Brunei Dollar News
2024-05-01
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 the Exchange Rates
From the data provided, the exchange rate of BND in the given period shows no significant increasing or decreasing trend. The rate mainly fluctuates within a small range [1.00419, 1.01034] over the given period. This is evident from the slight changes in rate values from one timestamp to the next in the dataset. This may imply stability in the exchange rates during the observed period.
Identifying Seasonality or Recurring Patterns
Due to the limited scope of the provided dataset, it is challenging to definitively identify any seasonality or recurring patterns in the changes in exchange rates. The dataset might not cover a sufficient period for such patterns to emerge. However, minor fluctuations within the given time frame are apparent, suggesting a potential intra-day pattern. It would be beneficial to have a more extensive dataset to better look for and verify any patterns.
Noting Outliers and Significant Variations
Upon studying the dataset, there seem to be no significant departures from the stable trend. Most exchange rates are within the same approximate range. However, given the nature of the financial market, it's common to witness small fluctuations, which are inherent in this dataset. Any larger trends or fundamentally strong variations might be better spotted with a broader time-scale dataset.
In conclusion, while it appears there is stability in the exchange rates across the observed period, a larger dataset might be necessary to more deeply understand potential patterns, recurring trends, or significant variations. This type of analysis may benefit from a more extensive dataset that factors in specific events, and market trends.