2024-05-20 Bahraini Dinar News
2024-05-19
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of the Exchange Rates
Upon analyzing the provided time-series data for the BHD exchange rate, it is noted that generally, the exchange rates fluctuate and do not follow a clear upwards or downwards trend. While some periods see increases and others see decreases, the changes are generally small, indicating relative stability. There are also certain intervals where the rates remain relatively constant, implying more stable periods during the timeframe observed.
Seasonality or Recurring Patterns
In terms of seasonality or recurring patterns, it is difficult to draw concrete conclusions without specific consideration of external factors such as market conditions or time of day. However, upon first analysis of the data, there does not appear to be a clear recurring seasonal pattern in this period. Exchange rates across different times fluctuate, and there are not distinct peaks or troughs that happen regularly. It's also important to note that it may be difficult to accurately identify seasonal patterns in this context as financial markets are influenced by a myriad of ever-changing factors.
Notable Outliers
As for the outliers, there seem to be a few data points where the exchange rate spikes or drops significantly in comparison to the points immediately before and after. As this is without apparent reason based on this data set alone, these could be considered as outliers. However, it is important to note that financial data can be volatile and these "outliers" may be influenced by numerous other factors not considered in this basic analysis, such as macroeconomic news or market sentiment.
