2024-05-22 Bahraini Dinar News
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2024-05-21
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
Upon initial observation of the data, there seems to be a general downward trend in the exchange rates for the BHD currency in the time period provided. Starting from 3.61785 at the beginning of the dataset, the exchange rate exhibits fluctuations, but generally, it descends to a lower point towards the middle of the dataset, reaches a high peak at around 3.62704, then progressively drops back down, closing at 3.61995.
Seasonality and Recurring Patterns
This dataset doesn't illustrate a clear-cut, recurring, seasonal pattern upon a visual look. However, an interesting point to note is that there seems to be more volatility in the exchange rate during specific times suggesting the possible impact of market opening/closing hours. Furthermore, a more in-depth statistical analysis would be needed to elucidate any existing nuances in seasonality that are not observable at first glance.
Outliers and Unexpected Fluctuations
There are few instances in the data that could be qualified as outliers or unexpected fluctuations. Notably, there seems to be a significant increase in the exchange rate up to 3.62704 at a specific time. This would necessitate further investigation to understand the causes behind it. After this spike, the exchange rate eventually dropped back down to align closer with the initial rates. There are also minor spikes and drops throughout the data series, but nothing as significant as the one noted.
Please note that the above analysis is a preliminary approach based on a visual observation of data points and doesn't cover advanced techniques such as regression analysis or ARIMA modeling that might give a more accurate representation of the data.
![Early morning soar of BHD exchange rate creates market buzz](http://currencymart.net/images/news/bahraini-dinar/2024-05-22/img-WxaClchlURzMB6usYj3VDaOu.webp)