2024-05-21 Convertible Mark News
2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend
From a first glance at the dataset provided, we can say that the BAM exchange rate shows a slightly increasing and decreasing trend within this specific timeframe, starting from 0.75632 at the first timestamp and ending at 0.75747 on the final timestamp provided. However, it's important to mention that this data shows fluctuation over time, which makes it slightly volatile. The highest value during this period is 0.75769, which indicates that there are periods of appreciation. Conversely, the lowest value is 0.75532, showing periods of depreciation as well.
Identifying Seasonality or Recurring Patterns
Generally speaking, time-series financial data like exchange rates can be influenced by numerous factors and may therefore not present clear seasonality or repetitive patterns in the short term. From this data, a clear seasonal or recurring pattern is not immediately evident. However, periods of relative stability, followed by minor fluctuations, appear to occur, suggesting possible periods of market equilibrium followed by market adjustment. To truly determine seasonal component, we would need a broader range of data covering multiple years.
Noting Outliers
In this dataset, outliers or instances where the exchange rate differs significantly from what would be expected based on trend or seasonality are not apparent. To identify such outliers, more advanced statistical tools would be needed to examine the standard deviation and distribution of the rates, particularly if rates move one or two standard deviations away from the mean.
An outlier, in this case, could also represent a large change in the exchange rate in a short period due to exceptional economic events. From the data provided, it appears the exchange rates have remained relatively stable, with no significant spikes or drops.
In conclusion, the BAM exchange rate shows a slight range bound movement over this timeframe with fluctuations. There are no clear seasonal or recurring patterns based on this dataset, and no notable outliers are present. Please note that this analysis is strictly based on the data provided and does not take into account external events or conditions, which can significantly impact financial markets and exchange rates.