2024-05-22 Taka News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
From the provided data, the trend of the BDT exchange rate looks mostly stable over the time period under review. The exchange rate appears to have marginally fluctuated between 0.01162 and 0.01167, with the majority of readings being around 0.01163 and 0.01164 indicating a largely stable exchange rate.
Seasonality or Recurring Patterns
In the current time series data, no clear seasonality or recurring patterns can be identified. The exchange rate fluctuations are minimal and do not exhibit a clear-cut cyclical nature, suggesting the absence of predictable or recurring trends based on this data alone.
Outliers Identification
The provided data doesn't demonstrate any significant outliers where the exchange rate deviates noticeably from the general trend. The values consistently hover between the aforementioned range of 0.01162 and 0.01167, so any variations within this spectrum are likely consistent with the expected behaviour of the currency over the duration represented.
Summary
- The overall trend of the BDT exchange rate remains predominantly stable with only marginal fluctuations.
- No discernable seasonal or recurring patterns have been identified.
- No significant outliers have been detected in the dataset.
Note: The assessment here is purely data-driven and does not take into account other external factors that might influence exchange rates such as geopolitical events, economic policies, etc. Further, it should not be used to predict future movements in the exchange rate.
![Stable BDT Exchange Rates - A Respite in Volatile Times](http://currencymart.net/images/news/taka/2024-05-22/img-P40OmcD1XCi65eVcPHsUTrN7.webp)