2024-04-17 Bulgarian Lev News
2024-04-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis Results
This dataset is a type of time series data, representing changes in the BGN exchange rate on a day-by-day basis over a time span of nearly 24 hours. Here's a comprehensive analysis based on the dataset provided.
1. Understanding the overall trend of the exchange rates
From the data observation, the exchange rate fluctuates within a range of approximately 0.74840 to 0.75292. While there are numerous ups and downs within this set, generally, the trend appears to be relatively stable. It shows no strong direction towards a significant increase or decrease over the recorded period.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
The data does not seem to present a clear seasonal or recurring pattern within the context of a single 24-hour period. The rates continually fluctuate up and down throughout this time, indicating no directly observable cyclic characteristics based solely on this dataset. A more extended period would likely be required to effectively identify any potentially underlying daily or otherwise periodic patterns.
3. Outliers and Significant Events
There do not appear to be any marked outliers or instances where the exchange rate significantly deviates from the general trend within this dataset. The rate consistently stays within the observed range without any extreme peaks or drops.
This analysis is purely based on the provided dataset and does not account for external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. As these can significantly affect exchange rates, further study, including these considerations, may yield a more sophisticated understanding of the observed values.