2024-05-02 Bahraini Dinar News
2024-05-01
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
The general week-long trend seems to be fluctuating rather than a stable or linear one. There is no clear and consistent pattern of increasing or decreasing of the exchange rate seen in the given period, it varies. There are moments of peaks that slightly increase and moments where they decrease a bit, but in the grand scheme, it maintains a range between 3.62 to 3.65 for most of the week.
Seasonality or Recurring Patterns
In terms of seasonality or recurring patterns, it doesn't seem like this dataset contains enough data for determining such patterns. Since the timestamps given are only consecutive and covers only for a week from May 1st to May 1st. Thus, no monthly or annually recurring patterns can be identified based on this. We could estimate daily fluctuations, but again it's not sufficient to establish a pattern because it's limited to one week only.
Outliers Identification
There is an identifiable outlier in the data. On 2024-05-01 at around 06:25:02, there's a sudden spike in the exchange rate from 3.62771 to 3.6529, which is a significant leap. It falls again to 3.65229 at 06:30:02 but it stays within this range until around 3:00 AM on the second day, where it drops back to around 3.62837. Other notable fluctuations happen on 2024-05-01 at around 20:05:02 where it jumped up to 3.65651, but these spikes seem to have mellowed down to close in the 3.654 range at the end of the day.
Please note that it is crucial to identify the reasons for these outliers or sudden spikes or drops, by examining external factors or events happening around these timestamps. But as per your instructions, this analysis does not consider any specific events or external factors.
Conclusion
The exchange rate of BHD in the dataset provided undergoes frequent fluctuations throughout the day of May 1st, 2024. These fluctuations remain within a range for most of the day but some outliers and spikes can be observed at certain times. However, there is not enough data to establish clear and definitive patterns.
