2024-05-15 Bahraini Dinar News

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:

From an initial visual review of the data, it seems the overall trend of BHD exchange rates from 2024-05-14 00:00:02 to 2024-05-14 23:55:02 fluctuates constantly. The highest exchange rate BHD gets to within this period is 3.63073 and the lowest is 3.61792. However, too ascertain this completely, graphical illustrations and intensive analyses could provide a detailed insight into the trends within given intervals.

Identifying seasonality:

In terms of seasonality or recurring patterns, it would be vital to conduct an extensive analysis with appropriate statistical tools like autocorrelation and Fourier analysis. However, from the provided dataset, it's not easy to identify a clear recurrent pattern. A more robust method would be to investigate daily or weekly patterns, looking to see if the rates consistently increase or decrease at specific times of day or certain days of the week.

Noting outliers:

Outliers in the dataset, or instances where the exchange rate differs significantly from the expected trend or expected seasonal variation, could be a result of numerous factors. Such factors could include irregular market activities, global financial events, sudden news or announcements that influence the market. Outliers can be identified using various statistical means or by visualizing the data. However, from the dataset provided, it's not easy to directly point out any outliers without a deeper and more thorough statistical analysis.

Given the tight exchange rate range (3.61792 - 3.63073) over the date of May 2024, it seems that the exchange rate remains relatively stable within this range.

Please note this assumes the data is correct and does not consider potential errors or irregularities in the raw data, it cannot take into account unknown future events or changes in market behavior.

s The Bahraini Dinar (BHD) experienced a period of significant fluctuation in value across a 24-hour window, according to the latest comprehensive exchange data analysed. The timestamped data, spanning from midnight on 14th May 2024 to midnight the following day, illustrated an intriguing pattern of the BHD''s performance against major currencies. Starting at a rate of 3.6302 at the start of the monitoring window, the BHD showed early signs of variability, reaching its peak of 3.63073 within the first five minutes. Although this initial shift may seem negligible, it marked the beginning of a continued trend of volatility observed over the next 24 hours. As the hours progressed, the BHD''s rate fluctuated periodically, dipping to as low as 3.61853 further into the session. Despite these dips, the currency maintained an overall stable performance within a narrow range during this monitored period. While currency fluctuations are not uncommon in the global market, such notable variabilities within a short period can have implications on investors and traders. This high-frequency fluctuation might lead to increased uncertainties among forex traders and investors, who largely base their strategies on the stability and predictability of the currencies involved. The performance of BHD over the past day could be attributed to a variety of factors. Market demand, updates from central banks and geopolitical events can notably influence a currency''s value. It''s important for traders to remain vigilant and adaptable to the market''s dynamics. Looking ahead, forex traders and investors will be keen to analyse trends from the past and predictive analysis for the BHD’s performance. However, without concrete indicators or triggers, predicting the direction of the currency''s value can be challenging. In this volatile market, a keen eye on market events is key. Forex traders and other stakeholders are advised to keep monitoring financial news and economic updates in real-time. This vigilance, coupled with an understanding of the financial market''s dynamics, can be beneficial in developing effective trading strategies. As the global economic landscape continues to evolve, it remains to be seen how the BHD, along with other currencies, will perform going forward. Yet, with the world economic environment ever-changing, players in the forex space need to be prepared for further fluctuations.BHD Exchange Rate Shows Notable Fluctuation Over 24 Hours

Current Middle Market Exchange Rate

For information purposes only.