2024-05-16 Ngultrum News
2024-05-15
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 the Exchange Rates
From an initial inspection of the dataset, the overall trend of the exchange rate of BTN is relatively steady across the period. There is a very marginal change in value throughout, suggesting that it remained stable for most of the provided timestamps. It fluctuated between 0.01632 and 0.01645, which indicates a relatively stable market during these hours. The most prominent change observed in this data is the slightly steep slope from a value of 0.01635 to 0.01644 during the last hours recorded.
Identifying Any Seasonality or Recurring Patterns
From the data provided, there are no remarkable patterns or seasonality trends in the exchange rate. The dataset is over a short time frame and does not cover a full year's period which would typically be required to analyse seasonality trends accurately. Additionally, the rate appears to have minimal fluctuations, indicating consistent market conditions without significant recurring increases or decreases.
Outliers and Notable Instances
There's one noticeable change in the rates which can be considered an outlier, considering the overall stable trend. At timestamp '2024-05-15 20:15:02', the exchange rate experiences a slight increase from 0.01632 to 0.01643 and continued to oscillate around 0.01644 until the last recorded timestamp. This represents a more significant change compared to the fluctuations seen previously in the dataset and thus is notable.
However, without understanding the external factors that may have led to this change, no concrete inference can be made based on this dataset alone about the significance of this jump in value and whether it is truly an outlier.
Note: As per the request, we did not consider any external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports in this analysis.