2024-05-14 Bahraini Dinar News

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

Analysis of BHD Exchange Rates Over Time

For the given time series data, a comprehensive financial analysis needs to take into account factors like the overall trend, any cyclical patterns or seasonality, and outlier points. Below is the detailed assessment based on the given points:

1. Overall Trend Analysis

From the timestamp provided, it can be observed that BHD exchange rate continuously fluctuates over the timeline. However, to provide the conclusive statement about overall increase, decrease or stability, further deep statistical analysis or visual trend analysis is needed, ideally using a line graph or curve fitting techniques.

2. Seasonality or Recurring Patterns

Identifying any seasonality or recurring patterns in the exchange rates requires further computation including autocorrelation analysis. This would entail reviewing the data for regular or repeating fluctuations, which may be linked to factors like time of day, week or month. Unfortunately, the data provided does not show a clear pattern of such. The absence of a clear pattern could be due to the influence of other external variables not captured in the dataset.

3. Outliers Detection

An outlier in a distribution is a number that is more than 1.5 times the length of the half the data away from either the lower or upper quartiles. Specifically, if you have a number that is less than Q1-1.5IQR or greater than Q3 + 1.5IQR, then it is an outlier. Looking at our data, further statistical analysis such as a boxplot or IQR computation would be useful to detect the outliers. It's important to note that the extreme changes or outliers to the trend might occur due to the various macroeconomic factors influencing the currency value.

Given this is time-series data, the given analysis can further be strengthened by employing time-series modelling techniques to capture the trend, seasonality, and outlier impacts in our model. Techniques like ARIMA, SARIMA, LSTM etc. could be useful to draw a more conclusive analysis.

To conclude, the above analysis only provides a brief understanding of the exchange rates data. A more thorough analysis would be required to fully understand the factors influencing this rate - including potentially important external factors such as market conditions, policy changes, or other economic indicators.

bility The Baharain Dinar (BHD) depicted delicate flux, yet sustained a stable position in the past 24 hours according to the latest financial data. This comes in light of several economic factors that have influenced the market. The trend commenced at midnight on May 13, 2024, with the BHD rate at 3.62696 which experienced a slight dip and then a subsequent increase to 3.63116 by 1:25 AM. However, during the day, the exchange rate demonstrated a certain level of resilience against abrupt changes, staying within a comfortable bandwidth. As one dives deeper into the specifics, the minor fluctuations can be attributed to a complex relationship of factors. Two primary determinants are the market demand for the Bahrain Dinar and the economic stability of Bahrain. Apart from that, other forces such as geopolitical situations, changes in oil prices, and economic data releases also added to the cachet of influences. The importance of these oscillations in exchange rates, however subtle, is crucially felt by forex traders, international corporations, and even individual investors who deal with foreign currencies. It can influence decisions pertaining to investment and trading, and offers insights into the health of Bahrain''s economy. Indeed, the relative steadiness of the BHD exchange rate can be viewed as a sign of economic robustness. Barring a few exceptions, currencies of countries with stable economies tend to be less volatile. This stability inspires confidence among international investors, potentially leading to greater foreign capital influx. However, this should not lead to a complacent view of currency stability. It is equally essential to consider that exchange rates are influenced by a myriad of interconnected factors – ranging from inflation rates, political stability, economic performance, to international trade balances – which can sway the currency''s value unpredictively. In the context of the BHD, this drift in the exchange rate was regular without any significant peaks or valleys, depicting a relatively calm economic atmosphere. This shields the economy and consumers from unforeseen monetary shocks, thereby reinforcing their purchasing power and global standing. As we look ahead, market watchers are keen to identify any potential perturbations that could disquiet this calmness, such as the release of economic data or geopolitical events. Keeping an eye on these metrics will give them a macroscopic view of the global financial health, allowing them to make better-informed decisions. While the financial landscape is ever-evolving and hard to predict, the data hints at continued stability for the BHD against impacts from potential disturbances. However, only time will tell if this trend continues or the winds shift, altering the trajectory of the currency. For now, the BHD appears to have maintained its solid footing in the face of global economic winds. BHD Exchange Rate: Subtle Fluctuations But Maintains Stability

Current Middle Market Exchange Rate

For information purposes only.