2024-04-16 Kuwaiti Dinar News
2024-04-15
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
1. Understanding the Overall Trend of The Exchange Rates
Looking at the dataset provided, it is clear that the exchange rates (KWD) have generally fluctuated slightly during the entire period shown. The data begins on April 15, 2024, with a value of 4.46714 and ends on April 15, 2024, with a value of 4.48053. Therefore, in the overall observation, there is a bit of increase in the exchange rate, although, within the period, we can see various rises and drops, implying the volatility of the exchange rate.
2. Identifying Seasonality or Recurring Patterns
Time-series data sometimes reveal patterns that repeat periodically, known as seasonality. A cursory glance of the data does not indicate any clear seasonality or regularly recurring patterns in the exchange rate changes. This implies that the exchange rate fluctuates are likely to be dictated by factors beyond the scope of the data provided and are less dependent on the seasonality.
3. Noting any Outliers
An outlier in a dataset is an observation that lies an abnormal distance from other values. Upon examination of the data, it does not appear to contain any striking outliers, as there are no exchange rates that deviate drastically from the overall values. The rates seemingly follow a relatively close range, without any major spikes or drops that would signify an outlier.
These findings, however, are subject to a more rigorous statistical analysis that could potentially yield more nuanced insights.
