2024-05-07 Kuwaiti Dinar News
2024-05-06
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
Overall Trend Analysis
At a first glance at the dataset, the overall trend seems to be fairly stable with slight fluctuations in the exchange rate of KWD, going between approximately 4.438 to 4.453. The data does not indicate a strong trend of the rates either increasing or decreasing over the period shown. Although minor changes in the exchange rate are observed, these fluctuations do not appear to be leading to a major upward or downward trend in the overall period.
Seasonality Analysis
With respect to the potential seasonality in the data, there does not seem to be any prominent pattern spotted within this specific dataset. However, we typically expect that exchange rates may exhibit diurnal patterns corresponding to the opening and closing times of different international markets. For a final conclusion on seasonality, data for a longer time period or with an additional context (such as a day of the week) might be needed.
Outliers Analysis
An initial analysis does not reveal any significant outliers in the data – that is, points where the exchange rate significantly differs from the overall trend. Exchange rate values consistently exist within a range without any drastic leaps or drops. Some minor fluctuations exist - between 4.438 and 4.453 - yet these differences are relatively small in the context of exchange rate movements.
Note here that external factors have been disregarded, as per the instructions. Usually, outliers or significant fluctuations in currency rates can be directly linked to global events or economic news. Re-evaluation considering such factors may lead to different results.