BGN Exchange Rates Experience Thorough Unpredictability
2024-03-12
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overview of Exchange Rate Trends
The given dataset represents the exchange rates recorded at different timestamps in a single day, from midnight to just before midnight the next day. In terms of the overall trend, the data points indicate that the rate experienced both ups and downs within the period.
The highest exchange rate recorded on this day was 0.75581 and it was observed around 08:40:02. The lowest rate recorded was 0.75246 at 05:45:02. The exchange rate appears volatile, as it fluctuated quite a bit over the course of the day.
Seasonality or Recurring Patterns
Upon examining the dataset, it doesn’t seem to be a strong seasonality or recurring patterns within this one-day period. The exchange rate does not appear to follow a specific pattern or cycle; this could be due to the many factors that can affect exchange rate including economic indicators, market sentiment, political stability, among others.
Identification of Outliers
There do not appear to be extreme outliers in this dataset where the exchange rate differs significantly from the overall observed range of rates. All the values seem to fall within a narrow range for this particular day's trading.
However, the abrupt change from 0.75581 at 08:40:02 to 0.75378 at 08:55:03 could be considered as a significant variation based on the trend, potentially indicating an unusual market event.
It is important to know that this analysis only covers a single day. For a deeper understanding of the trend, seasonality, and outlier detection, a larger dataset covering a longer time span would be beneficial.