BHD Currency Witnesses Modest Upsurge in PostMidnight Trade
2024-04-29
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend
Based on the given data, it is observed that the exchange rate gradually increased throughout the period. This conclusion is reached by noting that the initial exchange rate on the 29th of April 2024 at 00:00 was at 3.6132 and the final recorded exchange rate on the same day at 23:45 stood at 3.62994. This constitutes an overall rising trend.
Identifying Seasonality or Recurring Patterns
Within this 24-hour period, discerning any definitive seasonal patterns or recurring behaviour cannot be accurately executed from the given dataset. This is due to the limited timeframe provided (only a single day of data), which doesn't allow us to establish weekly, monthly, or annual patterns. Further data would be required to perform more comprehensive seasonality analysis.
Noting Outliers
In the given time series data, no significant and sharp changes (either spikes or drastic falls) that could be classified as potential outliers are witnessed. The rate remained relatively stable within a certain range, with a gentle upward trend throughout the course of the day.
It's essential to keep in mind that this analysis is based solely on the raw numerical data presented and doesn't consider potential external factors that might affect these exchange rates, such as geopolitical events, changes in oil prices, or key monetary policy announcements. A more in-depth study might result in various conclusions.
