Steady BDT Exchange Rate Demonstrates Market Resilience
2024-05-02
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
Upon analyzing the provided data, it appears that the overall trend of the exchange rates is relatively stable over the period shown. The rate tends to fluctuate around 0.01248 to 0.01255 with a minor dip to as low as 0.01244. In time series data, such as this, minor deviations are quite normal and it does not generally indicate a strong upward or downward trend in overall exchange rates.
Seasonality or Recurring Patterns
As far as seasonality or recurring patterns are concerned, there don't seem to be any clear patterns within the provided timeframe. The rates exhibit a stable trend and oscillate within a fairly tight range. There's no noticeable trend suggesting that rates were consistently higher or lower at certain times of the day.
Identifying Outliers
The dataset for exchange rates remains largely within the normal expected range with no significant outliers. The slight drop to 0.01244 could be considered a minor outlier, but does not diver significantly from the expected range based on the general trend.
Note
Please note that due to the fact that no external factors such as market opening/closing hours, weekends/holidays, key financial news and reports were considered during this analysis, the conclusions reached are based solely on the numerical data provided. Furthermore, this analysis is strictly retrospective, meaning it explains the past behavior of the exchange rate, but cannot accurately predict future movements.
