2024-05-06 Afghani News

Summary of Last Week

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

Statistical Measures

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  • Standard Deviation:

Trend

Understanding the Overall Trend of The Exchange Rates

Looking at the data provided, the exchange rates have shown relatively tiny fluctuations over the reported period, but there is definitely a dynamic trend. The AFN exchange rates initially start from approximately 0.01903 and decrease slightly to 0.01901 over a course of a few days. Then they increase slightly to 0.01905, and then again slowly decrease to 0.01899. However, we see some rise to around 0.01932 and a subsequent decrease to 0.01884. Worth calling out that the rates have been oscillating around the initial point of 0.01903, evident by a return to almost this very point at 0.01902.

Seasonality or Recurring Patterns

Upon analyzing the data, it is challenging to accurately determine a distinct seasonality or recurring pattern in the changes of exchange rates based on the given information. The data does not show any consistent cyclical patterns within definite intervals. It displays some degree of randomness, with rates rising and falling unpredictably at different points. Therefore, it would be safe to presume that the rates are likely influenced by multiple external factors and market forces, though these factors are not considered in this analysis.

Outliers in The Exchange Rates

The smallest value in the dataset is 0.01884 and the largest value is 0.01932 which indicates a general range of the data. These extreme values do not appear to be outliers, as there is no value deviating significantly from the trend. Hence, outliers detection does not yield any obvious results in this case.

1> The Afghan Afghani (AFN) has sailed a churning sea of exchange rates in April and May 2024. With the trading rates varying from 0.01884 to 0.01932 in just a month, the investors are afoot, continuously adjusting their strategies to accommodate this repertoire of fluctuations in the market. The fluctuation journey kicked off on April 5th, 2024, where the AFN rates held relatively stable, staying within 0.01903 and 0.01901. Investors encountered the highs and lows on April 9th, where rates took a minor plunge from 0.01906 to 0.01887 but managed to swiftly recover to 0.019 during the same day. The analysis suggests that these frequent value hops have caused a ripple in the financial markets, eliciting mixed reactions from investors. As of April 11th the market witnessed a surge, with rates climbing to 0.01932, providing a series of potentially profitable opportunities for savvy investors. However, steady nerves were required as the market soon commenced a slight downward trend. Experts in the financial field suggest that this seemingly erratic behaviour of AFN exchange rates could indeed be correlated to various political and socioeconomic factors triggering the Afghan economy and impacting its market dynamics. The rise and fall in the AFN rates are speculated to be linked with political upheavals, policy changes, and fluctuations in the country’s key economic indicators. Heading towards the latter half of the month, a particular dip was noticed around April 26th. Post which, AFN made a slight recovery only to take another minor drop, flaunting its most affordable at 0.01885. This was a period of strategic importance, creating a favorable buying window for investors. The subsequent days witnessed the AFN exchange rate compositing its course, with a noticeable uplift around April 30th, marking the rate at 0.01927. However, moving into May, the rates once again, showcased a downward trend. The month trait was indeed, quintessential of the unpredictable nature of the financial markets. And yet, by staying attuned to the trends and understanding the underlying causes of this volatility, investors proved their mettle. The implications of these rate fluctuations are vast and significant. It makes clear that stability in the foreign exchange market remains a key issue which commands attractive investment opportunities. Investors and financial managers must maintain a constant vigil on the exchange rate trends while also keeping an eye on relevant financial news to make strategic investment decisions. Looking forward, the AFN rates could continue to fluctuate based on not just national issues but also global economic circumstances including geopolitical tensions, global economic growth, and international trade policies. This ongoing financial saga brings to light the vibrancy and risks of financial markets and the variegated band of opportunities they hold for every investor. For now, all eyes stay on this intriguing show of the AFN value oscillation dance. Whether the rhythm speeds up or slows down, one thing is clear - the currency exchange dance floor is never dull and is always full of surprises!Churning AFN Exchange Rates Witness Major Fluctuation

Current Middle Market Exchange Rate

For information purposes only.