Steady BDT Exchange Rate Sees Slight Increase Through April
2024-04-28
Summary of Last Week
- 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
The dataset spans from 29th March 2024 to 26th April 2024. Over this period, we can see the exchange rate fluctuating between a low of 0.01229 and a high of 0.01261. At the start of the dataset, the BDT exchange rate started at 0.01234 and ended at 0.01245. While there are surges and drops along the way, there is no significant trend of increase or decrease over this period. The exchange rates seem to remain relatively stable throughout the provided timeframe.
Identifying Seasonality or Recurring Patterns
As for seasonality or a recurring pattern, it is somewhat hard to definitively say from the dataset provided. This is because the data only includes slightly over a month's worth of readings, which may not be enough to fully identify longer-term seasonal trends or repeating patterns. On a short-term daily scale, there are fluctuations, perhaps due to trading activities, however statistically speaking, there's is no identifiable strong seasonality in the given data.
Outliers and Unexpected Changes
Looking for outliers, or instances where the exchange rate differs significantly from the expected trend, there don't seem to be any substantial shocks or unexpected changes in the rates. While there are differences in the highest and lowest exchange rates as mentioned above, these are rather minor changes and can be considered within the normal range of fluctuation rather than outliers. The most noticeable drop occurred on 4th April, where it dropped from 0.01238 to 0.01229. Similarly, a noticeable rise can be observed on 10th April, where the rate increased from 0.01234 to 0.01246. However, as with other changes, they are quickly adjusted and do not diverge from the average rate in a significant way.
Overall, the fluctuations, remain within a narrow band suggesting that the exchange rate for BDT over this period is relatively stable without any significant trend, seasonality, or noteworthy outliers.