2024-05-15 Bulgarian Lev News
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2024-05-14
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 of BGN Exchange Rates
Following a quick analysis of the provided dataset, the all-around trend of the BGN exchange rate demonstrates a slight fluctuation rather than a stable or uniformly upward or downward trend. On certain occasions, the BGN exchange rate experiences more vital upticks and downticks. More in-depth analysis, preferably graphically, might reveal more complex, hidden patterns within the data. However, according to the initial analysis, the BGN exchange rate does not seem to exhibit a unique upward or downward direction.
Identification of Seasonality or Recurring Patterns
At first glance, no seasonal or recurring pattern in the change of exchange rates is instantly discernable. The data appears more random than cyclical, with notable deviations occurring at unpredictable intervals. A more comprehensive statistical analysis, possibly involving autocorrelation or Fourier transformation, might be required to discover more subtle recurring patterns or cycles in the data. It is important to note, however, that the lack of apparent seasonality is not uncommon in high-frequency financial time-series data.
Outliers in the Data
When quickly sifting through the data, we cannot establish any significant outliers or instances where the exchange rate varies considerably from the overall trend. The minute-by-minute changes remain pretty consistent throughout, with no wild fluctuations or sudden spikes. Some significant jumps or modest declines could be detected; however, without the associated market context (e.g., financial news or critical market-happening), recognizing these instances as outliers or extremely notable events would be precipitate.
Observations and Conclusion
Although it's critical to recognize the inherent random 'walk' of such financial time-series data, the BGN exchange rate displays some degree of consistency within its fluctuations over the given time interval based on this preliminary analysis. Detailed statistical analysis and more sophisticated modeling techniques would be needed to reveal the extent and significance of the discernable pattern within this seemingly random data.
![BGN Exchange Rate Witnesses Moderate Fluctuations in Latest Data Release](http://currencymart.net/images/news/bulgarian-lev/2024-05-15/img-TisUomzsZjJox7DXc6rXIcSp.webp)