2024-05-10 Ngultrum News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of Exchange Rates
Looking at the data provided, the exchange rate BTN fluctuates over the timeline. It starts at a rate of 0.01643 in the early hours of May 9, 2024, and it remains relatively stable through the early afternoon hours before starting to vary slightly more. The rate decreases gradually to 0.01636 in the late afternoon before increasing significantly to around 0.01645 by the end of the day. There's a notable increase in BTN exchange rate towards the end of the day indicating a likely positive trend for BTN beyond the given time range.
Seasonality or Recurring Patterns
From the available data, it is hard to determine a distinct seasonality or recurring pattern over this one day period. One possible pattern is that there is very little fluctuation during the early hours of the day (midnight to early afternoon), and fluctuations become more frequent from the late afternoon to the evening, but this observation would need further data and analysis to confirm.
Outliers
Across the dataset, the exchange rate of BTN does not show significant variations or sudden jumps/drops, indicating there might not be any extreme outliers in the given data. However, it would be beneficial to use a larger dataset spanning over a more extended timeframe to identify the presence of any outliers more accurately. In the given one day data, the variations remain between the values 0.01636 and 0.01645, which is a very minimal difference and does not constitute any significant outliers.
Please note, this analysis is merely based on the time series data provided and does not take into account any potential external factors that can significantly influence exchange rates such as market volatility, geopolitical events, economic indicators etc.
![Remarkable Stability Observed in BTN Exchange Rate Amidst Market Flux](http://currencymart.net/images/news/ngultrum/2024-05-10/img-JL0PReNOdio5bf3h1gjpLOQm.webp)