2024-05-21 Brunei Dollar News
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2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
The given time series data suggests a relatively stable exchange rate, with minor fluctuations visible. It starts at 1.01259, and ends at 1.01254. This means there's a slight decrease in the overall trend but it's not significant. The highest value reached was 1.01377 and the lowest was 1.00969, indicating that there's a reasonable level of volatility within this stability, however the exchange rate always seems to revert to its mean.
Seasonality and Recurring Patterns
With this limited dataset, it is challenging to discern any obvious seasonality or cyclical patterns. These usually become more visible with data that cover more extended periods, like several years or months. The hourly data provided does not show any significant hourly or daily patterns in the exchange rates. We would need more data to determine any weekly, monthly or yearly patterns. Any perceived pattern within this single day's data would likely be coincidental and not representative of a reliable, recurring trend.
Outliers Analysis
There do not appear to be any significant outliers in this dataset. Most of the changes in the exchange rate are relatively minor. There are no extreme spikes or dips, and all points seem to be following a slight downward trend within the normal frequency of volatility. The biggest change appears to be from 1.01377 to 1.01134, but even these changes do not stand out significantly from the overall trend and range of the data.
In conclusion, this single-day dataset presents a somewhat stable exchange rate with minimal fluctuations. Remember, currency exchange rates are influenced by a plethora of factors including economic indicators, market sentiment, political events, and others. Longer-term data, with respect to these factors are needed for a comprehensive analysis.
![BND Exchange Rates Experience Whirlwind Fluctuations Breaking Predictive Patterns](http://currencymart.net/images/news/brunei-dollar/2024-05-21/img-IZ9IkmOUut8hBstVfxTsQ4fG.webp)