2024-05-20 Taka News
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2024-05-19
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
Overall Trend Analysis
After rigorous analysis of the provided time series data for BDT exchange rates, the data appear to be following a relatively stable trend with slight fluctuations. The exchange rate slightly increases from the start for a period but then takes a slight dip as some intervals, hinting towards minor volatility. However, the overall trend still remains quite stable without any significant upward or downward surge. The rates hover around the values of 0.0125 and 0.0126 with intermittent fluctuations in between.
Seasonality and Recurring Patterns Analysis
In terms of seasonality and recurring patterns, there's no clear repetitive pattern in the given dataset. The fluctuations in exchange rate occur unevenly without any discernible repetitive or seasonal patterns. Further data points or a longer timeline might yield some patterns or seasonality in fluctuation.
Outliers and Unexpected Rates Analysis
Throughout the dataset, the exchange rates typically range between around 0.0116 to 0.0126, and major deviations from this range could be considered outliers. However, since the range of fluctuation is minor - the data does not exhibit any significant instance of unexpected exchange rates. There's a noteworthy dip to around 0.0117 on May 9, 2024, which could be considered an exception in comparison to the stable trend observed. Such incidents might signal a significant financial event or market change.
Please bear in mind, this analysis excludes the impact of external factors such as market opening/closing hours, financial news, and reports etc. Therefore, the actual cause behind these fluctuations might need a more detailed context-specific study.
Conclusions
- The dataset indicates a broad stability in BDT exchange rates with minor inherit fluctuations over the course of given timestamps.
- No distinctive seasonal or recurring patterns have been found in the given dataset.
- While most rates adhered to the identified trend, a small number of exceptions and outliers were located. This, however, does not disrupt the larger stability of the BDT exchange rates within the dataset provided.
Advance data analytics and more data points could provide a more comprehensive understanding of the dataset and might aid in identifying potential seasonality or patterns.
![BDT Strengthens Slightly while Fluctuating in April-May 2024](http://currencymart.net/images/news/taka/2024-05-20/img-aOWR3M2ORJMMdgNBwR9hLnYP.webp)