2024-05-10 Bulgarian Lev News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend
Looking at the available data, the exchange rates (BGN) fluctuate quite regularly throughout the given period. There are numerous periods where the rate experiences a string of increases and decreases. It stays stable for only short periods, indicating a volatile market. The lowest rate recorded was 0.75124, and the highest was 0.75492. Overall, there doesn't appear to be a clear upward or downward trend, suggesting that the exchange rate remains relatively steady.
Seasonality and Patterns
In terms of seasonality or recurring patterns, a full seasonality analysis would require a larger data set which includes yearly data. However, from the provided data, there doesn't seem to be any immediately evident recurring pattern at the intraday level. The changes in rates happen intermittently and do not follow a clear repetitive pattern within the daily cycle.
Outliers
Without additional context or a predefined threshold, it's hard to definitively identify significant outliers in terms of the change in exchange rates. A few points fluctuate more drastically or less commonly than others, but with a floating exchange rate, smaller constant fluctuations are expected. Also, the absence of very drastic dips or hikes prevents the identification of clear outliers within this dataset.
![May 2024 Exchange Rate Analysis: Subtle Fluctuations, Significant Impacts](http://currencymart.net/images/news/bulgarian-lev/2024-05-10/img-PAq1phCKbRk9Q522343ytvMD.webp)