2024-04-18 Afghani News

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Understanding the overall trend of the exchange rates

By analysing the given time-series data, we can see that the exchange rates of AFN fluctuated within the range of 0.0191 to 0.01925 over the depicted period. There isn't a clear increasing or decreasing trend, but the rate seems to be relatively stable over time. However, minor fluctuations can be observed at certain intervals.

Identifying any seasonality or recurring patterns

Without a more in-depth breakdown of data (hourly, daily, weekly, etc), it's challenging from the current data set to detect any seasonality or recurring patterns distinctly. At first glance, no clear pattern emerges upon reviewing the provided timeseries data. However, more granular data or a longer timeline might unveil daily or weekly patterns missed due to the brief and high-frequency nature of the present dataset.

Noting any outliers or instances differing significantly from the trend

No obvious outliers were detected in this dataset, and the deviations that do exist seem routine and within a reasonable range of the exchange rate's overall movements, given the provided subset of data. There were no instances where the exchange rate varied dramatically from the expectation based on the trend. All the fluctuations seem to follow an acceptable band, indicating that there was no unusual market occurrence or extreme scenario during this period. However, careful monitoring and further analysis involving additional data outside of this time interval would be required to detect any potential anomalies or outliers in a broader context.

Kindly note that this analysis is purely based on the dataset given, without consideration of external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports, which could influence exchange rates significantly. Furthermore, this report does not generate any forecasts for future rates. A more detailed understanding of these factors, complemented with knowledgeable financial interpretation, would enhance the depth and relevance of this analysis, aiding in the development of a more refined financial strategy.

tabilizes In a stabilized financial scenario, the Afghanistan Afghani (AFN) has registered insignificant fluctuations over the past 24 hours. Market watchers and currency traders who had earlier been primed for larger swings were left watching a steady line of exchange rates that saw only slight changes throughout the day. The time-series AFN exchange rate data dated April 17, 2024, revealed minimal volatility, a state of affairs that could be easily misconstrued as stagnation to an untrained eye. However, upon more detailed inspection, it was a sign of a balanced market wherein supply and demand for the currency were at equilibrium. The AFN started the day trading at 0.01912 and saw gentle fluctuations over the course of the day, peaked at 0.01925 around midday, before finally closing at a near identical 0.0192, exhibiting diminished volatility. Notably, the rate changes were comparatively edgeless, with the largest deviation being less than 0.001 units. Importantly, the slight variations in the AFN exchange rates are suggestive of a stable economic climate that''s marked by certainty, and investor confidence. Economists and financial experts have opined that low volatility in an economic indicator, such as exchange rates, often means low investment risk. This could make AFN an attractive proposition for conservative investors looking to park their money securely. In consequence of this steadiness, the AFN''s predictability and stability could augur well for future foreign direct investments (FDI) into Afghanistan as it serves as an endorsement of a healthy and resilient economic climate in the region. However, investors and market watchers are suggested to be mindful of potential geopolitical events and global market changes that could inherently impact the AFN''s future performance. While the stable nature of the AFN may seem attractive, it is essential to account for the wider global economic scenario that could potentially dictate the future direction of these rates. Looking ahead, foreign exchange market experts suggest keeping an eye out for the upcoming fiscal policies from the Afghanistan Central Bank that could impact the domestic currency''s standing on the global stage. Additionally, outward economic indicators, such as GDP growth rate, inflation, and changes in international trade agreements, can also precipitate shifts in the exchange rate. In retrospect, while this apparent calm may not provide high risk-reward opportunities for speculative traders, it could potentially present a lower-risk avenue for conservative investors and hedgers looking for a stable currency. This tranquillity, some analysts believe, indicates a maturity in the Afghanistan financial market, boding well for the country’s long-term economic health.AFN Registers Negligible Volatility as Exchange Market Stabilizes

Current Middle Market Exchange Rate

For information purposes only.