2024-05-08 Bahraini Dinar News
2024-05-07
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the Overall Trend
From an initial look at the dataset, it appears that the exchange rate of BHD over the provided time period shows an overall increasing trend. Starting from a value of around 3.62904, it gradually moves upwards to a final value of around 3.64781. Although the increments are slight, the overall pattern indicates a general rise in the value of BHD throughout the time period considered. However, this does not imply a constant or unrestricted growth, as there are intervals where the exchange rate decreases temporarily.
2. Identifying Seasonality or Recurring Patterns
Regarding the seasonality or recurring patterns, with the given data it is difficult to unequivocally identify a clear seasonal fluctuation or repeating pattern. That said, a preliminary observation does suggest that the fluctuations are not entirely random, and certain intervals might possess a degree of predictability. A more in-depth statistical analysis might be required to identify and validate any potential seasonality existing in the dataset.
3. Noting any Outliers
Outliers in this context would be defined as data points that significantly deviate from the trend or expected value. In the present dataset, no blatant outliers can be identified just by observing the raw data. Despite having intermittent peaks and dips, the majority of the values fall within a closely bound range and appear to adhere to the noted upward trend. However, a detailed statistical examination might help to detect any nuanced outliers that may not be immediately discernible from a cursory overview.
In brief, this analysis has described a noticeable upward trend in the BHD exchange rate across the given time period. However, a complete understanding of the intricacies of this dataset—like identifying potential seasonal influences or outliers—would require a more advanced statistical analysis.
Please note, this analysis was conducted under the explicitly mentioned restriction to disregard the potential impacts of external factors like market hours, weekends or holidays, and financial news or reports. It is also important to clarify that this is a narrative analysis of the trend, and no future rate forecasts have been made.