2024-05-21 Bahraini Dinar News
2024-05-20
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
Comprehensive Analysis of BHD Exchange Rate
Before going into comprehensive analysis, it is essential to explain that the method used in this analysis involves taking the provided financial time series data and plotting it over time. Statistical metrics, such as mean, median, maximum, minimum, and standard deviation, are calculated to provide an understanding of how the exchange rate has been spread over time. Analysis of the exchange rate trend, recurring patterns, and outliers are performed accordingly.
1. Overall Trend Analysis
After analyzing the data provided, it appears that the BHD exchange rate generally remained stable during the given period. There are minor fluctuations in the data, but there isn't a significant trend towards an increase or decrease in the exchange rate overall. Hence, it can be concluded that the BHD exchange rate was relatively stable over the period shown.
2. Seasonality and Recurring Patterns
In the time series data provided, we do see some degree of seasonality or recurring patterns. It is observed that, despite the overall stability, there are short periods where the exchange rate increases or decreases slightly. However, these variations do not seem to occur at regular intervals and are not substantial enough to cause a considerable change in the overall trend. Thus, while some temporary fluctuation may be present, it does not appear to be a strong seasonal trend.
3. Identification of Outliers
An outlier in this data is an exchange rate value that is significantly different from the other values. Based on the provided data, no significant anomalies or instances where the exchange rate differs significantly from the expected trend were pinpointed. Thus, it is fair to note that there weren't any notable outliers in this period.
In conclusion, the exchange rates for BHD during the period remained relatively stable, with minor fluctuations and no significant outliers. It is crucial to note that this analysis was solely data-driven and did not consider external market factors and events that might impact the exchange rates.
