2024-05-06 Taka News
2024-05-05
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
1. Understanding the overall trend of the exchange rates
The exchange rate of BDT had some fluctuations throughout the given time period, but it generally oscillates around a central value of 0.012 with minor variations. In the beginning, the rate starts at around 0.01234 and experiences slight up and down trends. Around April 10, 2024, there is a noticeable increase where the exchange rate reaches up to around 0.01246. This rise is subsequently balanced out by a slight fall, returning to a similar rate as before. The biggest leap happens around April 15, 2024, where the rate jumps up to 0.01261, which appears to be the highest throughout the observed period. From then onwards, the BDT's rate consistently fluctuates between minor highs and lows until the end of the observed period.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
Looking at the dataset, it appears that there's no discernible seasonality or a clear pattern that repeats at regular intervals. However, one recurring tendency that is worth noting is that there seems to be a cycle of a rise in exchange rate followed by a decline. The rate tends to generally stay around the central value of 0.012, briefly increasing before falling back to its usual value. The frequency of this pattern seems to occur nearly daily, which might suggest that it's related to the 24-hour trading cycle but it's best to gather data over a longer period to determine if this is a consistent pattern.
3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
The data doesn't seem to contain any significant outliers where the exchange rate dropped or increased abruptly beyond the expected range based on the observed trend. However, one point of interest is the notable increase on April 15, 2024, where the exchange rate goes as high as 0.01261. This is the highest point in the entire observed period. Despite this, it doesn't seem to significantly disrupt the overall trend as it is quickly followed by a decline.
Overall, it's clear that while the BDT exchange rate has some fluctuations, it generally hovers around a central value with no apparent seasonality or significant outliers within the given period.