2024-04-22 Afghani News

Summary of Last Week

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  • Difference of Daily High & Low:

Statistical Measures

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Trend

Understanding the Overall Trend of the Exchange Rates

The overall trend of the exchange rates provided in this dataset seems relatively stable, as the rates fluctuate between 0.01867 and 0.01932. Nonetheless, there seems to be a slight downward trend prevailing towards the end of the data. However, the fluctuation within this range is quite minor, and there doesn't seem to be a definitive upward or downward trend extending for a long duration.

Identifying Seasonality or Recurring Patterns in the Changes of Exchange Rates

As for seasonality or recurring patterns, without further knowledge of external factors affecting the exchange rate, it is difficult to determine concrete seasonal patterns due to the sheer volatility and many influences on these rates. From the data, we do not observe a clear repetitive pattern like daily or weekly spikes or falls in the rates. However, there appear to be very slight fluctuations which could be indicative of intraday variations or effects of weekday trading.

Outliers in the Dataset

Regarding outliers, no particularly glaring instances are observed in the data. The rates seem to be varying within a quite close range, and no extreme jumps or drops are noticed. This could be an indication of a robust monetary policy or stable market conditions for the given data duration.

It should be noted that this analysis is based solely on the given dataset and does not take into consideration other external factors such as specific financial news, market conditions, or larger economic trends. Hence, any recommendations or conclusions drawn here are purely based on the dataset's historical figures.

It should also be pointed out that exchange rate forecasting is inherently uncertain and involves risk. Therefore, any interpretation or decision based on this analysis should be done with caution and considered supplementary to other forms of financial analysis and forecasting techniques.

er March-April 2024 The Afghani currency (AFN) displayed significant fluctuations during March and April 2024, depicting an unpredictable market scenario while putting potential investors on high alert. This turbulence in the exchange rates, primarily traced within the two-month duration, emanated from various complex economic factors. Over the initial weeks, the exchange rate predominantly hovered around the 0.0187 - 0.01905 bracket. However, a noticeable decline was observed in the exchange rates during the second week of March, with the rate dipping to 0.0187. Despite swift recovery in subsequent days, the volatility in the rates showed the AFN''s susceptibility to market forces. In contrast, April 2024 brought a slightly steadier landscape for the AFN. The currency seemed to have stabilized, mainly reflected through the exchange rates gravitating around 0.0192 for most of April''s second week. Interestingly, on April 11, a slight surge to 0.01932 was observed, marking the highest peak in the given timeframe. The subtle rise could be attributed to several geopolitical and economic factors dovetailing simultaneously to boost the national currency briefly. However, the market did not fail to reinstate its capricious nature as the AFN once again displayed a downward trend, settling around 0.0191 towards the end of the period. This constant shift in the expanse of just two months depicts tremendous instability and may suggest higher risk levels in the currency market. This not only alters the dynamics for existing investors but also sends critical signals for potential entrants. The fluctuation can make the Afghan market even more complicated and challenging to predict, which could deter potential investors. Looking at the broader picture, these fluctuations can significantly impact the country''s economic stability. Frequent swings in exchange rates could imbalance international trade, affecting both imports and exports. Moreover, the oscillations could also amplify the uncertainties surrounding the economic recovery process for developing nations, particularly those dependent on foreign aid and investment. Given the volatile performance of the AFN, investors ought to be vigilant over the coming months. Potential investors must keep an eagle eye on global economic trends, geopolitical events, and financial policies of Afghanistan to make informed decisions. Future market trajectory will greatly depend on a convergence of these aspects and crucially on how the nation responds to these changes. As we move into the subsequent months of 2024, all eyes will be on how the Afghani currency performs. Risk mitigation strategies would be of utmost importance as investors navigate their way through these erratic markets. The ongoing tumult serves as an important reminder of the inherent risks attached to financial markets and the critical need for adept risk management.AFN Exchange Dynamics Showcases Persistent Volatility over March-April 2024

Current Middle Market Exchange Rate

For information purposes only.