Summary of Last Month
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Understanding the overall trend of the exchange rates
From a broad examination of the data, it can be noted that the exchange rate of the KWD generally fluctuates within a narrow range; however, several minor ups and downs are visible throughout the time series. The highest exchange rate appears to be 4.39607 while the lowest is 4.38723, suggesting a tight oscillation in the exchange rate over the data's timeline.
The mean exchange rate for the period is approximately 4.39197, which can serve as a benchmark to identify periods above or below the average. It's important to note that more frequent observations below this mean can suggest a general downward trend, and conversely, more observations above can indicate an upward trend. From the data provided, it's clear the exchange rate tends to hover around this mean value, indicating a rather stable trend with minor fluctuations.
Identifying Seasonality or Recurring Patterns
Without more data available across different years or months, it is difficult to effectively uncover any significant seasonality or recurrent patterns in the data, such as monthly or yearly trends. However, upon review of the data provided, the fluctuations seem to exhibit intra-day variability, with somewhat regular highs and lows throughout the day. This suggests that there could be some daily seasonality in the dataset, albeit slight.
Given the relatively stable exchange rate throughout the data set, it could be argued that the highest and lowest points (4.39607 and 4.38723) might be considered as mild outliers as they deviate slightly from the norm. However, their deviation from the mean isn't very dramatic. It would help if outliers are determined using statistical measures such as standard deviation or z-scores for a more concrete understanding.
Overall, this analysis provided a broad understanding of the exchange rates' behaviour over a specific period. It is crucial to consider that further, more detailed analysis could yield more insights, particularly in identifying any underlying patterns more definitively or factors that drive these fluctuations.