2024-05-10 Bahraini Dinar News
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2024-05-09
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
Upon analysing the dataset, the overall trend of the exchange rates seems to experience slight fluctuations, but predominantly maintains a stable rate with minor increases and decreases. There is no significant trend towards a strong increase or decrease over the given time period.
Seasonality or Recurring Patterns
Based on the dataset, discerning specific seasonal patterns or routinely recurring trends is a bit challenging due to the scale of data provided. However, there doesn't appear to be clear evidence of strong seasonality or cyclical behaviour in the variations of the exchange rates. Without more detailed data, such as that of different times of the year or repeated cycles, fully determining seasonality is not feasibly accurate.
Outliers
As per the text data provided, there doesn't seem to have any significant outlier or instances where the exchange rate markedly deviates from the general trend. However, a deep dive statistical analysis could provide a better understanding of any potential outliers. For this, data visualisation methodologies such as a scatter plot or a box and whisker chart would be ideal.
It is important to note that the effects of certain external factors like geopolitical changes, market regulations, and significant global events, which could be potential game-changers for exchange rates have not been factored in this analysis.
This interpretation is based solely on the understanding and analysis of the data provided, and doesn't take into account any specific economic or geopolitical events that could have led to dramatic shifts in the exchange rates beyond the usual fluctuations.
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