2024-05-15 Brunei Dollar News
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2024-05-14
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 Exchange Rates
Considering the data, the exchange rates seem volatile over the entire period. It starts from 1.01105 and ends at 1.01026. The rate has been consistently fluctuating, indicating that the value of BND has varied throughout the given period, but stayed around the 1.01 mark.
2. Seasonality or Recurring Patterns
To determine the existence of any seasonality or recurring patterns, more descriptive statistics, such as moving averages or seasonally adjusted data, would be needed. From a general observation, there is no clear pattern that shows predictable, recurring fluctuations in the exchange rate values. The exchange rate doesn't show a clear daily cycle and changes periodically in a somewhat random pattern.
3. Outliers
An outlier investigation would typically involve a closer examination of fluctuations that deviate substantially from the general trend. In the given data, no significant spikes or plunges that suggest an outlier are visible. However, a more thorough examination may be needed to conclusively determine this, such as establishing an upper and lower limit for what values can be considered "normal". It's crucial to mention that an occasional high or low value isn't unexpected for financial time series data and does not automatically indicate an issue.
Remember that these insights are based purely on historical data and do not account for potential impacts due to market-opening/closing hours, weekends/holidays, or the release of key financial news and reports. However, future analysis considering these factors may provide more accurate observations.
![Fluctuating BND Exchange Rates Witness Significant Reduction in Q2, 2024](http://currencymart.net/images/news/brunei-dollar/2024-05-15/img-PkYPK3BTTVUmu3TPW43cB7jX.webp)