2024-05-07 Ngultrum News
2024-05-06
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
1. Overview of the Exchange Rates' Trend
The BTN exchange rate data provided for the 24-hour period shows minor fluctuations, but it generally seems to remain stable. The rate started at 0.01644, decreased somewhat over time, reaching a minimum value of 0.01634, before eventually ending up at 0.01638.
2. Identification of Recurring Patterns and Seasonality
By analyzing the time series data, there're no clear patterns or seasonal trends within this single day of data. Exchange rates for currency pairs, in general, do not usually exhibit daily seasonality because they are affected by a myriad of factors including the broader economy, interest rates, and geopolitical events. A single day of data contains numerous fluctuations but does not provide enough context to distinguish a recurring pattern or seasonality.
3. Analysis of Outliers
Within the dataset provided, no significant outliers can be identified. The BTN exchange rate, though it has been fluctuating, doesn't diverge significantly from its general trend to consider any value as an outlier within this single day.
Collectively, this preliminary analysis provides an overview of the exchange rate's behaviour within the specified 24-hour period. However, a complete and accurate understanding of trends, seasonality, or outliers may require further analysis of extended data that covers a larger time scale.