2024-05-21 Taka News
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2024-05-20
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
Overall Trend of Exchange Rates
After carefully analyzing the data provided, it is observed that the overall trend of the exchange rate of BDT over the provided timestamps seems to be relatively stable. The rate tends to fluctuate between 0.01162 to a high of 0.01167, which indicates minor fluctuations in the exchange rate throughout this period.
Patterns or Seasonality
Time series data observations collected at adjacent time points are often correlated in time, creating some seasonal patterns in the data. In the given data, a clear pattern or seasonality is not immediately evident due to the short term nature of the observations and consistently minor fluctuations in the exchange rate. Further deductions would require more data or a larger timescale, such as daily, weekly or monthly rates.
Outliers Detection
Outliers are extreme values that deviate significantly from other observations. However, upon scanning the dataset, no significant outliers were detected. The range of the exchange rates remained relatively tight, with no startling spikes or drops. In a scenario where outliers were to be found, it would be essential to investigate what caused these extreme values.
Overall, it should be noted that while this analysis provides valuable insights, there may still be external factors influence the changes in exchange rates that are not considered here, including market opening/closing hours, weekends/holidays, or the release of key financial news and reports.
![Stable Bangladeshi Taka Wrestles with Minor Fluctuations](http://currencymart.net/images/news/taka/2024-05-21/img-9cToLtyUusdPhShRxlapsJH0.webp)