2024-04-24 Kuwaiti Dinar News
2024-04-23
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
From the data provided, there tends to be a gradual increase in the KWD exchange rate. However, the rise is not consistent and smooth; instead, it oscillates due to frequent minor decreases amidst the general upward trend. Thus, it's safe to assert that the overall trend for this dataset is a slight, unstable increment.
Seasonality or Recurring Patterns
The data doesn't discernibly showcase any recurring pattern on a daily basis. However, upon analyzing the data, some level of mean reversion is evident within the day. That means after a run-up or run-down in exchange rates, they tend to revert back towards the mean. Nonetheless, without data over a larger time frame (for instance, annual data), it's challenging to pinpoint seasonality aspects accurately.
Outliers
This dataset presents relatively minor fluctuations overall, without significant spikes or drops, which indicates low volatility in this period. Therefore, there don't appear to be any major outliers within the data provided – that is, no instances where the exchange rate differs dramatically from the overall trend.
In conclusion, while there is a gradual increase in the KWD exchange rate over the duration of this dataset, the rise is quite erratic with several minor decreases observed. On a daily basis, there doesn't seem to be a discernible recurrent pattern, but some level of mean reversion within the day is present. Finally, no significant outliers were observed within this dataset.