Swift Rise and Sharp Plummet A Roller Coaster Day for BND Exchange Rates
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2024-05-16
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 an analysis of the data, it is noticed that the exchange rates are overall slightly increasing over the given time period. The value at the start of the dataset is 1.01486 while at the end of the dataset, the value is slightly higher at 1.01271. This signifies a positive but very slight trend upwards. However, the increments are not consistent and there are several periods of both increases and decreases within the dataset.
Identifying Seasonality and Recurring Patterns
Identifying seasonality or specific recurring patterns in exchange rates typically requires longer periods of data, usually spanning multiple years. From the data for this single day, it is difficult to identify any clear seasonality or recurring patterns since such patterns usually occur over larger time frames such as weekly, monthly or annual cycles. However, it can be noted that there is some level of volatility in the exchange rate throughout given the various rises and dips in the rate.
Noting Any Outliers
There are a few points in the data that appear to be outliers, where the exchange rate differs significantly from previous values. One example is at 06:20:02 with the value of 1.01671 after which it drastically reduces to 1.01412 at 06:25:02. These sudden drastic changes could be due to several reasons such as market fluctuations or data capture errors and would require further investigation to confirm their origin.
Overall, the dataset shows a slightly increasing trend for the exchange rate over time with a degree of volatility. Notably, there are a few sudden spikes and dips that stand out as potential outliers.
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