2024-05-09 Bulgarian Lev News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-08
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. The overall trend
The dataset provided records the change in exchange rates over a time period of about a day (2024-05-08 00:00:02 to 2024-05-08 23:55:02). The data reflects that the exchange rate starts at 0.75527 on 00:00:02 and ends at 0.75396 on 23:55:02. Although there is some fluctuation in exchange rate throughout the day, the overall trend is a slight decrease over the period. But the difference between the starting and ending rates is very small, only 0.00131 points, indicating market stability in this time frame.
2. Seasonality and recurring patterns
Given the relatively short time period of the dataset (just a day), it is difficult to definitely determine any seasonality or recurring patterns. The dataset might not be sufficient to identify patterns that occur over weeks, months, or years. However, we can generally observe periods of relative stability punctuated by slight rises and falls, but these don't appear to occur at consistent intervals or regular timeframes throughout the day.
3. Outliers
The exchange rate varies between approximately 0.753 and 0.756 throughout the day. The highest level recorded is 0.75612 while the lowest is 0.75386. Given the small range of rates and the gradual fluctuation, there don't appear to be any significant outliers in the dataset. Most of the changes in the exchange rate are incremental and there are no sudden or drastic increases or decreases that would signify an anomaly or outlier.
![Exchange Rate Sees Unanticipated Volatility in First Week of May](http://currencymart.net/images/news/bulgarian-lev/2024-05-09/img-SCtlB1IxdQxUye8B0krgv7DU.webp)