2024-05-08 Brunei Dollar News
2024-05-07
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend of the Exchange Rates
From the initial analysis of the data provided, the overall trend of the exchange rate seems to be fairly steady over the period shown, with slight fluctuations. The initial exchange rate is 1.01366 and the final rate is 1.01428, indicating a slight increase over this time period. However, the rate fluctuates throughout, going as low as 1.01006 and as high as 1.01504. This suggests that while there is a slight upward trend, the exchange rate is generally stable.
2. Seasonality or Recurring Patterns in the Exchange Rates
Seasonality or recurring patterns are usually identifiable when there are consistent and predictable changes in the data tied to the time of year or day. With the given granularity of data (5-minute intervals within a single day), it is difficult to identify significant seasonal or recurring patterns. While there are ups and downs in the exchange rate throughout the day, these fluctuations do not appear to follow a clear and consistent cycle or pattern within this data. Further analysis, likely over a larger dataset encompassing multiple days or weeks, would be required to accurately identify any such patterns.
3. Outliers in the Exchange Rates
Notable outliers, or instances where the exchange rate significantly deviates from its usual range, do appear a few times in this dataset. One notable drop occurs around 06:20, where the rate goes down to 1.0136, and then drops further, sharply to 1.01067 by 06:30. It then stays around this lower rate till approximately 08:05, where it goes as low as 1.01015. It should be noted that without additional information for context (such as relevant financial news or events), it is difficult to conclusively explain these anomalies.
