2024-05-01 Ngultrum News

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Given the constraints of not considering external factors or generating forecasts of future rates, here are the components of a comprehensive analysis of the data:

1. Understanding the overall trend of the exchange rates:

The data spans from 2024-04-30 00:00:02 to 2024-04-30 23:55:02. While the analysis must be made using graphical methods for an assured comprehension, an initial look into the dataset shows that there is a small overall positive trend in the exchange rates for BTN. The rate starts at 0.01639 at midnight and ends at 0.0164 by the end of the day. The highest rate recorded throughout the day is 0.01651 which may indicate certain hours when the rate tends to peak.

2. Identifying any seasonality or recurring patterns in the changes of exchange rates:

The insights about seasonality can only be gathered by a visualization plot. However, it seems that there are upwards and downwards fluctuations at certain intervals. This may indicate a possible seasonality in exchange rates data. Nonetheless, a more detailed and longer timeframe data would be more useful in getting a clearer image about the presence of any seasonal effects or recurring patterns. Generally, such patterns are observed on a yearly or quarterly basis.

3. Noting any outliers, or instances where the exchange rate differs significantly:

On a quick review of the data, there is no particular instance that stands out as an outlier with a significantly different rate from others. The rate fluctuates within a small range of 0.01638 and 0.01651. There may be minimal variance due to market fluctuations, but it's not representative of an outlier as the changes seem normal for a currency exchange rate within a single day. Nevertheless, a statistical analysis is necessary to confirm the behavior of the data and spot if there are outliers really present.


The use of visualizations and inferential statistics in addition to descriptive analysis would allow us to better understand the data. Although this requires additional computations and graphs, they would provide a more detailed view of the underlying trends, patterns, and potential outliers in the dataset. It would also be beneficial to have a larger dataset that covers a longer period of time to more accurately identify trends and patterns, including potential seasonality effects.

op Off In an interesting turn of events over the course of April 30, 2024, the BTN exchange rates have seen a minor yet notable deviation. The financial markets started off with the BTN exchange rate at 0.01639, gradually rising into the day before experiencing a slight drop off as the day concluded. The entire morning saw a subtle, but steady growth in value. Starting the day at 0.01639, by 7:40 am it rose to 0.01644, quickly advancing to 0.01645 by 8:00 am. By 8:55 am, the BTN exchange rate had hit a steady climb reaching 0.01647, a modest growth compared to the day''s opening figures. These morning upswings were a bright start for the financial market traders, giving a positive outlook for the rest of the day. The steady nature of this growth suggested a stable outlook, avoiding any sudden shocks or unexpected downturns. As the day progressed into the afternoon, the rates consistently held their heightened position. By early afternoon, the exchange rate hit a peak of 0.01650, creating optimism about the strong position of the BTN. However, markets are known for their predictable unpredictability. As the day drew towards its close, a minor drop was noticeable. By 8 pm, the exchange rate had dipped to 0.01641, providing a slight hiccup in what had been a dominant performance for most of the day. While a dip in the evening marked a slight deviation from the day''s rallying trend, it is essential to remember fluctuations are an inherent part of financial markets. What might initially be perceived as a downward trend could merely be a short-term variance in an otherwise upward trajectory. The day’s market behaviour underlined the strength of the BTN, despite the minor drop off towards the end of the day. It''s a healthy sign of a resilient market, which has the potential to appeal to investors looking for steady returns and manageable risk. Looking ahead, it''s essential to keep a close watch on these minor fluctuations, especially considering the volatility of global markets. Investors and market watchers should analyze these patterns and trends to make the most informed decisions. Today''s trend paints a broader picture of a dynamic and ever-evolving financial market. It offers investors and traders valuable insights and challenges them to leverage fluctuating exchange rates to their advantage. This isn''t just a story about rates; it''s the tale of the financial market''s pulse. As we progress into the future, these slight changes could be indicative of more significant trend shifts in the market, reminding us that in the world of finance, it''s the smallest of ripples that can often lead to sizeable waves.Gradual Rise in BTN Exchange Rates Peaks Before Minor Drop Off

Current Middle Market Exchange Rate

For information purposes only.