2024-05-22 Bulgarian Lev News
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2024-05-21
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 the Exchange Rates
After analyzing the data set given, it is noted that there is no clear increasing or decreasing trend in the exchange rates. The rates tend to fluctuate around the same range, and therefore it could be concluded that it remains relatively stable throughout the given time period. The value of the exchange rate somewhat oscillates between approximately 0.756 and 0.759 without a significant upward or downward trend within the given data set. However, this does not mean to exclude the existence of slight fluctuations, which might be ascribed to the daily trading activities and other external factors.
Presence of Seasonality or Recurring Patterns
From the time-series data observed, it is challenging to conclusively point out any seasonality traits or recurring patterns. As the data provided spans only across a day, it isn't enough to derive any seasonal effects or recurring trends in the exchange rates. Moreover, the exchange rates don't present any noticeable cyclical patterns throughout the day. To examine the presence of such patterns or seasonality, data spanning over an extended period would be more appropriate.
Outliers in the Data
The exchange rates, as visualized from the time-series data, remain fairly constant, with no gross deviations from the mean value. The rates appear to stay relatively close to their median value, indicating that there are no prominent outliers in the dataset that deviate significantly from the expected rates. While there exist slight fluctuations around the average value, we need more information to ascertain whether these are common phenomena or outliers.
In conclusion, while the dataset does show some minor fluctuations in the exchange rate values, the overall trend appears to be stable without any outstanding patterns or seasonality. No serious outliers are present in the data.
![Exchange Rate Fluctuations Mark Noteworthy Patterns in BGN Rates](http://currencymart.net/images/news/bulgarian-lev/2024-05-22/img-ZuYK2ZINRsPji4swNYu8r5dl.webp)