2024-05-21 Ngultrum News
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2024-05-20
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. Understanding the Overall Trend of Exchange Rates
Looking broadly at the data, it appears that the exchange rate for BTN remains relatively stable across the given timestamp. The rate starts at 0.01638 and has a negligible increase to 0.01636 by the end. Although there were minor fluctuations throughout the given timeframe, the overall difference between the starting and ending rates is minimal and does not indicate a significant increasing or decreasing trend.
2. Identifying Patterns in Exchange Rates
Upon a closer look, the exchange rate for BTN seems to show minor signs of volatility within a certain range. There are slight rises and drops, but these variations are quite minute and essentially keep the rate revolving around a stable figure. Hence, there appears to be no clear pattern of seasonality or recurring behaviour based on the data provided.
3. Noticing Outliers and Abnormal Rate Changes
Due to the low level of volatility in the rates, no significant outliers or abnormal changes in the exchange rate were observed within this dataset. The rates provided remained within a narrow range, with a minor fluctuation of about 0.00006, which can be considered as an acceptable variation in currency exchange markets.
4. Considerations
Please note that this analysis is purely data-driven and does not take into account external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Furthermore, this report does not provide any future forecast for exchange rates. For a more comprehensive understanding and accurate prediction, additional data and external factors need to be considered.
![Steady Rise in BTN Exchange Rate Recorded Over Time](http://currencymart.net/images/news/ngultrum/2024-05-21/img-ALhBQjpJMlbr4YbOgToIm8Cl.webp)