Investors Ride The Bulls As BHD Shows Unprecedented Surge In 24Hour Trading
2024-03-12
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 of Exchange Rates
The data series shows a mildly fluctuating exchange rate for the BHD over the time period provided. The data starts at a value of 3.5748 and ends at 3.58085. This suggests a slight upward trend in the exchange rate over this period. However, the rate does not increase exclusively and shows periods of both rise and fall, indicating a relatively volatile market. To summarize, there isn't a consistent upward or downward trend, instead, the rate mostly appears to oscillate within a specific range.
Identifying Seasonality or Recurring Patterns
Time series data often reveals systemic patterns of behavior known as seasonality. However, without knowing the frequency of these potential cycles (like annual, monthly, or weekly), it's tough to identify any reliable seasonal patterns solely from this data. Given the data's granularity (every 5 minutes), it's doubtful that yearly or monthly seasonal patterns could be detected. Furthermore, any daily patterns may be difficult to ascertain without additional context. Therefore, no evident seasonality or recurring patterns can be reliably said to present in this data series.
Noting any Outliers
Outliers in data can skew statistical measures and could indicate measurement error or variability in the data; however, from this time series data, there does not seem to be any significant fluctuations suggesting outliers. The rates remain relatively stable, with the highest rate being 3.5885 and the lowest being 3.57268. This relatively small range indicates that there are likely no outliers in this dataset, based purely on the numerical data provided.
Again, for a comprehensive understanding, external economic factors should ideally be evaluated along with data inspection. But as per your request, this analysis doesn't factor in events that could potentially influence currency exchange rate, such as market hours, holidays, or key financial news/releases.