2024-05-17 Taka News
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2024-05-16
Summary of Yesterday
- 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 data shows a very slight upward trend in the exchange rates from 0.01169 to 0.01163 over the recorded period. This indicates a tiny increase in value for the currency in question. However, the change is quite small and fluctuates within a narrow range, implying relatively stable rates. It is critical to understand the wider economic context to fully understand these trends.
Identifying Any Seasonality or Recurring Patterns
At a glance, there doesn't appear to be any clear seasonality or recurring patterns in the provided data. The fluctuations seem quite random in nature throughout the logged period. It's important to remember that many factors, including geopolitical events, economic indicators, and changes in trade volumes, can influence exchange rates. These factors are complex and are not stated in the dataset given.
Noting Any Outliers
The data does not seem to have any significant outliers, as the exchange rates remain consistent within a very narrow band. There is no significant divergence from this range, implying that the rates are relatively stable.
It's crucial to remember that actual outliers may not be detectable without considering the full range of factors that can impact exchange rates, such as sudden or unexpected economic events. These factors are beyond the scope of the data provided.
![Steady Rise and Stability in BDT Exchange Rates](http://currencymart.net/images/news/taka/2024-05-17/img-yZiIZgRz59g5hpmbjBOWGYGO.webp)