2024-05-06 Ngultrum News
2024-05-05
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
Understanding the Overall Trend of the Exchange Rates
The exchange rate of BTN from 5th April 2024 to 3rd May 2024 seems moderately stable. It starts at 0.01623 on 5th April, dipping slightly a few times, but then steadily increasing and reaching a high of 0.01654 on 12th April and 15th April. Towards the end of the period, the rate tends to decrease to 0.01641 on 3rd May. While there are slight fluctuations, the overall trend doesn't show severe fluctuation.
Identifying Seasonality within the Exchange Rates
A detailed analysis of the timestamps indicates that there might be a daily cycle where the exchange rate reaches a peak in the late mornings after which it drops and somewhat stabilizes over the afternoon and night. However, given the short duration of the dataset, it's hard to confirm seasonality. Further observations over a longer period would provide the data necessary to cement this pattern.
Noting Outliers within the Exchange Rates
There aren't significant outliers in this dataset as the BTN exchange rates fluctuate within a close range. However, some potential anomalies include the sudden peak to 0.01654 on 12th and 15th April, which are a slight deviance from the general trend around those days. Despite these modest peaks, they don't seem to disrupt the overall stability of exchange rates during this period.
Suggestion
For a more detailed and accurate analysis, collecting data over a more extended period would be beneficial. Trends and patterns become more apparent and reliable with a larger dataset. Additionally, understanding external factors such as market conditions, financial news, and reports can provide valuable context for sudden fluctuations in the exchange rate.