2024-05-09 Convertible Mark 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
Overall Trend
The exchange rate generally fluctuates lightly with certain movement trend. No clearly rising or falling trend is observed in this dataset. There are some relatively larger fluctuations that occur, but such fluctuations don't alter the general trend of fluctuation.
Seasonality or Recurring Patterns
For the data range under observation, given the fact that exchange rate changes are influenced by a variety of factors, there don't seem to be any regular or repeating patterns in this dataset. The exchange rate has minimal fluctuations, which appear to be random rather than seasonal or cyclical. More data and analysis would be required to determine if there are obvious seasonal patterns in the data.
Outliers
Outliers in an exchange rate dataset would be values that are significantly larger or smaller than most of the other values. In this dataset, there don't appear to be any gross outliers. The BAM exchange rate remains within a tight range throughout, suggesting there aren't any significant unexpected fluctuations in the data.
Additional Remarks
This analysis is purely based on the given dataset, without considering any external factors like market trends, political events, economic indicators or other important financial occurrences that could potentially explain the fluctuations in the data. Such a detailed analysis would require a rich dataset with historical data spanning multiple years along with accompanying economic indicators and other possible influential factors. Therefore, the conclusion provided here is preliminary.
!["BAM Exchange Rate Experiences A Gradual Downward Trend"](http://currencymart.net/images/news/convertible-mark/2024-05-09/img-T8EDp4MThICZQoD2wHImZnVO.webp)