BAM Exchange Rate Remains Stable Amid Market Fluctuations

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:


Overall Trend Analysis

By examining the data, it appears that the exchange rates have experienced minor fluctuations over the provided date range. The rates started at around 0.753 at the beginning and ended at around 0.753 as well, indicating an overall stable trend. However, it is important to note that within this period, there have been both periods of increase and decrease. The highest exchange rate observed was 0.75626, while the lowest was 0.753.

Seasonality or Recurring Patterns

Given that the data is on an hourly basis within a single day, there could be some intraday seasonality, but no clear pattern can be identified solely based on this provided data. To discern more granular or specific seasonal patterns, additional data over a longer period would be required, ideally covering multiple days, weeks and even months. Consequently, to derive robust conclusions on seasonality or recurrent trends, we need a broader dataset.

Analysis of Outliers

An outlier in a distribution is a data point that is distant from other similar points. They may be due to variability in the data or may indicate experimental errors; these are sometimes excluded from the dataset. However, in this specific data set, there seem to be no clear outliers. Although some points have higher or lower exchange rate values, the variations are not significantly different from the overall trend of the data to be categorized as outliers.


It's critical to remember that exchange rates are subject to a wide range of factors such as monetary policy, inflation rates, political stability, economic performance, etc. This analysis is focused on the given data and does not take these external variables into account. Obtaining a more detailed and deeper understanding would necessitate comprehensive macroeconomic and microeconomic analyses.

In the financial realm, the value of the Bosnia and Herzegovina convertible mark (BAM) remained relatively stable throughout the day of March 12, 2024. Despite fluctuating global market conditions, the BAM exchange rate demonstrated minor variations, reinforcing its reputation as a resilient currency. Over the course of the 24-hour period, the BAM exchange rate started at 0.75443 and closed almost similarly at 0.75372 — reflecting only a marginal dip. Although the rate fluctuated throughout the day, it never witnessed any dramatic plunges or soaring spikes. The highest rate observed during the period was at 08:40 which reached 0.75626, and the lowest rate came at 05:40, with a value at 0.75305. The Bosnia and Herzegovina convertible mark’s stability comes amidst a time of heightened volatility in worldwide markets, where significant fluctuations are ordinarily the norm. The slight undulation observed in the BAM exchange rate emphasizes the currency''s consistency, an attribute often lauded by investors as a safe bet in turbulent times. Though the BAM remained steady throughout the day, investors didn''t despair, using this opportunity to engage in low-risk trading strategies such as ''range trading.'' Given the narrow range within which the BAM exchange rate fluctuated, the opportunities for such strategies are cumulating, pleasing traders, and econometricians alike. The strong steadiness of the BAM''s trade creates a sense of security for those invested in or considering engaging in Bosnia and Herzegovina''s markets. The stability of the country''s currency, regardless of outer economic pressures, gives businesses and individuals alike confidence in the economic resilience of Bosnia and Herzegovina. Ending the day on a virtually similar note to where it started, the BAM continues to project firmness regardless of the prevailing market conditions. This sustained performance over the twenty-four hour period points towards the strength of the economic drivers within Bosnia and Herzegovina and their capacity to resist considerable external financial pressures. Future investors will be closely monitoring the BAM''s performance along with circumstancing market conditions in the coming weeks and months. Continued stability in the currency could further position Bosnia and Herzegovina as a safe haven for investors, potentially encouraging an influx of foreign direct investment into the country. Thus, the BAM''s performance is not just significant for its existing investors, but could have wider financial implications for the nation''s economy as a whole.BAM Exchange Rate Remains Stable Amid Market Fluctuations

Current Middle Market Exchange Rate

For information purposes only.