2024-04-24 Bahraini Dinar News
2024-04-23
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
Upon examining the data, it is noticeable that the exchange rate of BHD shows minor fluctuations over the course of the day. The BHD value varies within a narrow range around 3.63-3.64 from the start until about 9:05, after which it sees a gradual decline until the end of the day, ending slightly lower at around 3.62-3.63. This indicates only a minor downward trend in the exchange rate over the observed period.
Identifying Seasonality or Recurring Patterns
As for seasonality and recurring patterns, within the given one day of minute-by-minute data, it is tough to identify a significant seasonal pattern. However, it is interesting to note a sort of intra-day pattern: the BHD value shows relative stability during the early hours (until around 9:05), changing slightly within a narrow band, followed by a moderate downward movement for the rest of the day. Therefore, it seems like there could be a recurring pattern of relative stability followed by downward movement within the days themselves.
Outliers Identification
The provided data does not seem to contain any obvious outliers, i.e., the exchange rate does not show any volatile spikes or drops at specific times. The changes in the BHD exchange rate throughout the day are quite smooth and gradual, which suggests that the market conditions were relatively stable during the considered period, without any significant unexpected events influencing the currency's value.
Please note that this analysis is based on the provided data only and does not take into account any additional external factors, such as market opening/closing hours, weekends/holidays, and the release of key financial news or reports.
