BAM Exchange Rate Fluctuations Witnessed on a Turbulent Day
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
The overall trend of the exchange rates appears to be relatively stable, with some slight fluctuations. The rates started at 0.75452 on the 14th of May 2024, hovering around mid to high 0.75 range throughout the time series. There are some slight variations, but no clear increasing or decreasing trend can be discerned from the data provided. While there exist points where the rates have fallen to the low 0.75 range, such as around the timestamps of 8:10:03 and 9:00:02, they have always risen back to the original mid to high 0.75 range.
Seasonality or Recurring Patterns
Regarding seasonality or recurring patterns, it is difficult to identify any obvious patterns without considering external factors. Considering the hourly changes, the exchange rates appear to be slightly more volatile in the early morning hours, specifically around 6:00-8:00, where sharper fluctuations in rates are observed. However, these observations may be influenced by external factors, which we were instructed not to consider. As a result, no clear seasonality or recurring trends are identifiable.
Outliers
Looking at the exchange rate fluctuations, they range mostly between the lower and upper 0.75 range. Nevertheless, there are instances where the exchange rates have dipped below or risen above these typical rates. For instance, on 2024-05-14 at 20:05:03, the rate suddenly increased to 0.75494. This departure from the generally observed range could be considered outliers or significant events in the context of this dataset. Another instance is at 2024-05-14 08:10:03 where the rate decreased to 0.75306, which is notably lower than the standard observed rate.
Conclusion
In conclusion, the exchange rates provided in this dataset display relative stability with minor fluctuations within a narrow range. No clear trend of increase or decrease is observable within this dataset, and identifiable patterns or seasonality are, if present, subtle without considering external factors. Certain outliers exist where the rates vary significantly from the generally observed range.
