2024-05-20 Afghani News

Summary of Last Week

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Data Analysis Overview

The provided dataset spans from 19-Apr-2024 to 17-May-2024, i.e. a period of approximately one month. It shows time-series exchange rates data which was collected at various timestamps. For clarity, the analysis is divided into three key objectives: uncovering the overall trend, identifying seasonality or recurring patterns, and noting any significant outliers.

1. Overall Trend

The exchange rate starts from 0.01905 and ends at 0.01916 over the period of approximately one month. One can observe a slight increase in the exchange rate. However, the rate has many oscillations throughout the observed period with a slight tendency to drop in the middle of the period, but then rise back up towards the end. Therefore, the overall trend can be described as relatively stable with a very slight upward tendency.

2. Seasonality or Recurring Patterns

Identifying seasonality in such a short period can be quite challenging. However, some tentative patterns seem to emerge. The rate seems to experience upwards and downwards oscillations quite regularly within short time intervals. Additionally, there are slight hints suggesting that the rate tends to slightly decline in the middle of the week and then rise back up towards the week end. More data over a longer timeframe would be required to confirm these suspected patterns.

3. Outliers and Significant Points

The highest recorded rate over the period is 0.01935, while the lowest is 0.01884. Most of the exchange rates fluctuate around the 0.019 mark, hence, both values could be potentially considered as outliers in this context. Noteworthy is that the highest point was achieved on 07-May-2024, while the lowest was recorded on 03-May-2024, suggesting significant rate changes within a very short time.

It’s important to keep in mind that these observations are made based purely on the provided historical exchange rates data. Other important factors like market opening/closing hours, weekends/holidays or the release of financial news and reports were not considered in this analysis as per the instructions.

Period In a recent overview of the Afghanistan Afghani (AFN) exchange rates, a subtle yet consistent fluctuation was observed over a span of two weeks. This analysis is based on a detailed time-series data set, providing insights into the exchange rates at different timestamps, thus offering a comprehensive perspective on the currency''s performance. The exchange rate data initiated on April 19, 2024 and continued until May 17, 2024, giving a broad swath of time to notate the adjustments and trade behavior. Over this period, AFN exhibited no drastic upsurges or crashes, but rather an understated fluctuation. The dataset shows slight oscillation in numbers- a pattern that is intrinsic to financial markets. On an intraday analysis, the fluctuations seemed to occur within certain bounds, demonstrating AFN’s rate stability during this period. The exchange rate details for every two hours within the time slot indicated AFN performing within a thin band, shifting marginally across the dates. What does this mean for the Afghani and investors? First, this data shows the inherent resilience of AFN. Despite the natural changes that occur within a market system, the exchange rate stayed within a limited range, maintaining its baseline value. This projects a positive image for any potential investments in Afghanistan. With a stable currency, the financial risk decreases, making it a somewhat safer investment terrain. Economically speaking, a stable exchange rate can have connotations for a country’s import and export dynamics. For Afghanistan, a steady AFN implies that imported goods and services'' cost remains fairly consistent. This could encourage businesses that rely heavily on imported goods or services. It''s also a positive sign for potential foreign businesses considering investment in Afghanistan. Currency exchange rate stability can reduce one of the financial risks associated with business expansion into a new country. Looking ahead, it will be critical to monitor if this consistency in the AFN exchange rates remains, as it can signal economic stability for the country. Investors should keep a meaningful eye on the forthcoming monetary policies that the Afghanistan government adopts. One potential development that investors should be particularly attentive to is the upcoming quarter financial results, which may sway the current stability in AFN exchange rates. Moreover, it is equally important to take note of global economic trends and geopolitical incidents that may have a direct or indirect impact on the Afghani. In conclusion, although exchange rates fluctuated, the performance of AFN remained within a consistent range over this period, signifying a relatively stable trading environment. This trend calls for continued and more detailed analysis in the ensuing weeks. With the world economy''s ever-shifting terrain, this stability can indeed be a positive omen for future investment endeavors.AFN Exchange Rates Show Steady Fluctuation Over Two Week Period

Current Middle Market Exchange Rate

For information purposes only.