Unpredictable Shifts in BAM Exchange Rates Investors Beware
2024-05-12
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
The provided data suggests that the BAM exchange rate over the given period exhibits a trending characteristic. It is seen to fluctuate within the range of approximately 0.745 to 0.756, with multiple rises and falls observed throughout the timeframe. The trend is not strictly increasing or decreasing, pointing to a certain level of volatility in this particular market. Unrelated to particular market events or interventions, these fluctuations could be influenced by numerous economic factors within endpoint country economies, but further detailed data would be necessary to confirm these influences.
Seasonality and Pattern Analysis
Seasonality, in the traditional sense, is difficult to discern from the dataset without additional data to add context to these patterns. While visible fluctuations do occur, these do not seem to follow a clear cyclical pattern that would indicate seasonality. Recurring patterns of increase and decrease are observed but don't seem to align to a specific time frame. It is noted, however, that extreme rates, both minimum and maximum, often happen close to each other, suggesting a reactionary pattern of sharp increase followed by a rapid decrease, or vice versa.
Outlier Detection
An initial review reveals no significant outliers in the dataset that might be skewing the exchange rate pattern or overall trend. Though there are instances of sharp increases or drops, these are followed by quick corrections, suggesting these as transient shocks rather than outliers. However, this determination is made purely on number trends, and further robust statistical analysis may be necessary to confirm this observation.
In conclusion, observing the data pointed towards a trend of volatility with the BAM exchange rate, with no discernible seasonal pattern and no obvious outliers. However, more detailed analysis may be necessary for precise interpretation and understanding.
