2024-05-07 Taka News
2024-05-06
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. Overall Trend of the Exchange Rates
Looking at the vast amount of dataset provided, spanning across different time stamps in a day, it is clear that the exchange rates for the Bangladeshi Taka (BDT) are quite stable throughout the stipulated period. The trend neither shows any significant increase nor a decrease. The exchange rate predominantly stays in the range of 0.01244 to 0.01250. There are minor fluctuations that could be due to the normal variations expected in every day’s trade, but overall, no drastic surge or plummet in rates can be observed.
2. Seasonality or Recurring Patterns
Given the brief nature of this dataset, making an accurate claim about any significant seasonality or recurring patterns is a bit difficult. Additionally, the exchange rates in the financial market generally do not express seasonality in a short duration as illustrated in this dataset. They're profoundly influenced by myriad changing factors in the larger scale economy and international trade dynamics. However, some minor oscillation in the values can be seen with small upswings and downswings which are normal in short-term financial data.
3. Outliers in the Dataset
Upon scanning the dataset, no major outliers were noticed. The BDT exchange rates provided don't show drastic variances and stay mostly within a tight range. However, it is worth noting that depending on the scale at which the data is being viewed, what may seem as an outlier in the short run might just be a usual fluctuation in the larger framework. For that reason, to recognize genuine outliers, it's necessary to observe exchange rates trends over a much longer period, preferably over years.