2024-05-09 Ngultrum News
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2024-05-08
Summary of Yesterday
- 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 Exchange Rates
The BTN exchange rates, in general, are quite stable throughout this reported period. Starting from 0.01644, it shows slight changes but there are no major uptrends or downtrends observed. The stability is indicated by the gentle variance of the exchange rates as they fluctuate between 0.01642 to 0.01647 over time.
Identifying Any Seasonality or Recurring Patterns in the Changes of Exchange Rates
From the provided time-series data, it can be observed that there is no clear seasonality or recurring patterns in the exchange rate changes. The rates do not show a consistent rise or fall at a particular time interval, nor are there any repeated patterns that could be identified. The exchange rates appear to vary by minute fractions, implying a relatively stable market condition.
Noting Any Outliers in the Exchange Rates
We observe a few instances where the exchange rate slightly increased - the prominent ones are at 2024-05-08 01:25:01 (0.01645) and 2024-05-08 06:30:02 (0.01647). However, these instances do not represent significant changes from the global trend line and can be considered as minor outliers. Apart from these instances, the dataset does not display any major anomalies. Moreover, these outlier points revert back to the stable trend immediately after the slight increase.
The static nature of these data points suggests that the external market factors remained constant during this period or, if there were changes, they did not impact the BTN in a significant way. The lack of dramatic shifts in the exchange rates suggests an insensitivity to external factors during this timeframe.
In conclusion, the BTN exchange rates during this period can be envisaged as stationary with minor deviations.
![Steady BTN Exchange Rate Demonstrates Unexpected Resilience](http://currencymart.net/images/news/ngultrum/2024-05-09/img-y06gEZSjdVHUHhm2uo511TQM.webp)