Unprecedented Surge In BHD Exchange Rates
2024-04-21
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
Trend Analysis
After a careful analysis of the given data, it is observed that the overall trend of the BHD exchange rate from 2024-03-22 to 2024-04-19 appears to fluctuate, however, with a slight upward inclination. Beginning at a value of 3.59857 on 2024-03-22, the exchange rate undergoes various increases and decreases but reaches 3.64518 by the end of 2024-04-19.
Seasonality Analysis
In terms of identifiable seasonality or recurring patterns, without specific knowledge of the days of the week that these dates correspond to (i.e., whether they're weekdays or weekends), it's a bit complex. Further, it makes it even more difficult given that this is a one-month dataset. However, within this data, certain patterns can be observed. For instance, the value seems to often decrease before increasing again, indicating potential cyclical behavior although it's happening in short time range. Longer time range data is essential to make a strong conclusion on seasonality aspect.
Outliers
On first sight, on 2024-04-10 there is a visible sharp increase in exchange rates. This day may have an outlier as the exchange rate rises up to 3.62787 from 3.59644 – a significant jump within a 2-hour interval. These spikes continue until 2024-04-12 after which the values seem to stabilize and then slightly decrease. Although these changes might fit the general cycle of fluctuation we are observing, the suddenness of the increase suggests an outlier event of some kind.
Overall, a detailed trend analysis, investigation into potential seasonality, and outlier identification have been conducted. To carry out a more precise and reliable analysis, more extensive data would be beneficial. Furthermore, knowledge of external factors can significantly enhance the context and accuracy of the analysis, despite being excluded from this particular analysis.
