2024-05-09 Brunei Dollar News
2024-05-08
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
The hourly data for BND exchange rates observed from the 8th of May 2024, from midnight to just before midnight, exhibits a slight downtrend. It starts at a high of 1.01434 and ends up at a slightly lower point of 1.01165. Though this decrease is minimal, it indicates that the value of BND slightly decreases over this day. No significant increases or decreases are observed.
Seasonality or Recurring Patterns
In the time frame provided, the data points are too close together to determine any reliable seasonality or recurring patterns. For an accurate detection of these patterns, data collected over a longer period are necessary. However, it should be noted that the exchange rate fluctuations appear to be rather constant, suggesting a possibility of minor cyclical variations throughout the day.
Outliers
Throughout this time series data, no significant outliers are noted. The exchange rates fluctuate within a very narrow range of 1.01434 to 1.01165. All the values fall within this range, suggesting minimal deviations from the observed trend. This gives the impression of a stable exchange rate mechanism at play within these hours.
Additional Observations
- There is a slight decrease in volatility during the period between approximately 04:00 to 05:00. The exchange rate became relatively more consistent then.
- Exchange rates reached their most significant high point at 02:10:02 during this period at a value of 1.01472.
- The lowest point was reached at 22:25:02 where the exchange rate dipped to 1.01138.
As per your requirement, no external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports were taken into consideration.
