2024-05-14 Bulgarian Lev News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-13
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
Understanding the overall trend in the exchange rates
Based on the provided dataset, the overall trend in exchange rates experiences both decreases and increases. No consistent upward or downward trend can be discerned over this period - the rates start at around 0.75345, fluctuate quite a bit, and end around 0.75446. That being said, the overall change in value doesn't go beyond 0.002, which might suggest a degree of stability.
Identifying Seasonality or Recurring Patterns
Whilst scanning through the dataset, it's not immediately clear if there are distinct repeated or seasonal patterns. The dataset for a single day, and seasonality in exchange rates often manifests over the longer term (monthly, quarterly, or yearly). Further analysis would be required over longer periods to determine potential seasonality.
Noting any Outliers
Outliers in this context would be drastic jumps or drops in exchange rates over short periods. From the provided data, there are no apparent outliers - values steadily increase/decrease and remain within a close range of each other. This indicates that during the considered time span, the exchange rate remained relatively steady without experiencing sudden peaks or drops.
![BGN Exchange Rate Swings Upward in Early 2024](http://currencymart.net/images/news/bulgarian-lev/2024-05-14/img-pDso8KbCjPNSRuRQLNUkZduT.webp)