2024-05-15 Bahraini Dinar News
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2024-05-14
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.
![BHD Exchange Rate Shows Notable Fluctuation Over 24 Hours](http://currencymart.net/images/news/bahraini-dinar/2024-05-15/img-C5f9r8XIyBmmGTPxN7qfE7nb.webp)