2024-04-16 Ngultrum News

Summary of Last Month

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:


Exchange Rate Trend Analysis

Navigating through the dataset, it is evident that the exchange rates for BTN largely hover around the same value for the period in question. There isn't a discernible upward or downward trend over the entire period. Rather, the rate remains relatively stable, fluctuating around 0.01649 to 0.01654.

Seasonality or Recurring Patterns

Given it's a single day's data spread across every 5-minute interval, weekly or monthly seasonality cannot be analyzed. As for intraday seasonality, the data does not demonstrate a consistent pattern within the day; the fluctuations appear to be random around the mentioned range rather than tied to a particular time.

Outliers and Unexpected Event Detection

In the case of outliers, a significant deviation from the trend or seasonality is regularly considered as an outlier. In this dataset, there doesn't seem to be any extreme values that would be statistically described as outliers. However, the lowest recorded value is 0.01646 and the highest is 0.01654, which might be considered minimal deviations, but they are not significantly drastic to be tagged as outliers or unexpected events based on this single day data.

Please note, this analysis is purely based on the given data and does not consider external factors mentioned. It's a simple overview of the data behaviour on a surface level.

hroughout the Day In a display of stable performance, the BTN exchange rate experienced minor fluctuations throughout April 15, 2024. According to sophisticated financial analytics, the market produced a steady ripple rather than a significant wave in the BTN value. Starting at midnight, the BTN exchange rate held at 0.0165, showing no sign of fluctuation during the early hours of the day. By the break of dawn, the rate marginally slipped to 0.01648, marking a slight downward trend that persisted until the morning rush hours. The data reveals that the BTN exchange rate subtly bobbed between a lower limit of 0.01646 and an upper limit of 0.01653 through the remainder of the day, reflecting crypto market''s balance of power between bulls and bears. However, it wasn’t until the final hours leading to the close of the market that the ratio hit its high point at 0.01654. This minor variability in the BTN exchange rate signifies a period of relative equilibrium amidst the tumultuous seascape of global finance. Such minor fluctuations might seem insignificant when viewed in isolation, but they are crucial indicators for investors who play the long game, and for whom each decimal point can lead to different strategic decisions. In an ever-evolving financial landscape, the stability of BTN hints at the strength and resilience of the currency. The remarkably steady trend despite the intraday transactions provides insight into the robustness of the BTN market, painting a picture of confidence and credibility for investors and stakeholders. While highlighting BTN''s day-long constancy, it is equally critical to understand the larger, global market context. The current fiscal environment is influenced by several dynamic variables, including geopolitical events, economic policies, and investment trends. Each of these factors can affect the value of BTN either directly or indirectly. Analysts predict that, while the BTN demonstrated stability today, an array of influences can impact the trajectory fate of the crypto-token. Future market trends will largely depend on how these macroeconomic variables unfold, in addition to the healthy functioning of the token’s underlying technology and acceptance by merchants and businesses. The day''s uneventful performance stands testament to the credibility of BTN among its global user community. Yet, the slight fluctuations serve as a reminder of the uncertain nature of financial markets; hence the stakeholders should remain alert without succumbing to complacency. Looking forward, a vigilant observation of macro indicators and maintaining pulse on global events seem to be the keys to navigating the future of BTN. The enduring test, notwithstanding, would be whether this stability can hold itself strong against the economic high tide or would it sway under the changing winds. It is indeed an intriguing watch for its patrons and detractors alike!BTN Exchange Rate Holds Steady With Slight Fluctuation Throughout the Day

Current Middle Market Exchange Rate

For information purposes only.