2024-05-10 Brunei Dollar News
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2024-05-09
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 of the Exchange Rates
The overall trend in the exchange rates data given depicts moderate fluctuations throughout the recorded period. Initially, the exchange rate starts just above 1.011 and experiences a slow increase peaking at around 1.0125, before then oscillating with slightly increased volatility. It reaches the highest point near 1.01324 and the lowest about 1.0078.
Seasonality or Recurring Patterns
On a brief inspection of the dataset, no marked seasonality or predictable cycle in the data can be identified. The data do not appear to undergo regular or repeating changes that might suggest a seasonal effect or a dependency on the hour of the day. However, more detailed statistical tests would be required to make a definitive conclusion.
Outliers Analysis
A more formal statistical analysis would be required to definitively pinpoint outliers. However, on an initial inspection, no pronounced outliers — points where the value significantly diverges from the trend are identified. The data seems to maintain within the narrow band, exhibiting moderate fluctuations.
Additional Factors
While no sharp changes associated with key financial events or market changes were observed in this data, other factors such as market opening and closing hours, weekends, holidays, and release times of key financial news, and reports typically play a significant role in financial time series data. These factors can cause volatility and sudden changes in exchange rates.
Final Notes
To generate more comprehensive insights and conclusions from the dataset, more sophisticated statistical and econometric modeling techniques could be employed, such as time series decomposition, trend analysis, and volatility modeling. However, this quick and initial analysis provides a general understanding of how the exchange rate changed over the data period and highlights potential avenues for more detailed investigation.
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