2024-05-21 Afghani News

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

The time-series data provided shows a significant degree of stability in the exchange rates over the course of the given day. For the majority of the data points, the value fluctuates between 0.01896 and 0.01933. However, deeper analysis reveals that there is a minute increase in exchange rate which peaks at 0.01933 from a starting point of 0.01899, indicating an overall upward trend throughout the day.

Seasonality and Recurring Pattern

At first glance, the dataset does not seem to indicate any desirable seasonality or recurring pattern in the changes of exchange rates. The exchange rates fluctuate in a narrow range, with minimal variations over time. The only noticeable recurring pattern is the consistency of the exchange rate over a particular hour. Essentially, the rate tends to remain the same within each hour, with changes occurring mainly on an hourly basis. Any other specific patterns or seasonal trends might require a larger dataset covering multiple days or weeks for surface detection.

Outliers Detection

Given the consistent nature of exchange rate over the duration of a day, there is no significant outlier in the dataset. All variations are within a reasonable and expected range. However, to identify and account for outliers (instances where the exchange rate differs significantly from the expected trend), further analysis with a larger and more diverse dataset would be necessary.

In conclusion, the dataset exhibit mild fluctuations in the AFN exchange rate over the span of a day with a minor upward trend and consistent hourly rates. There is no distinct seasonality and no significant outliers found within the parameters of this dataset.

ay In the realm of business and economics, exchange rate movements are of vital importance, and the Afghan Afghani (AFN) just demonstrated such a dynamic yet gradual rise, having implications on investors, market trends, and the overall economic health of Afghanistan. Analyzing the data provided in the past 24 hours, a consistent rise in AFN exchange rate was observed. The AFN started the day at a humble rate of 0.01899, but against all odds demonstrated a boosted performance, eventually reached a commendable rate of 0.01933 by the end of the day. The reasons behind this development are multifaceted. Contemporary geopolitical considerations, Afghanistan''s internal and external fiscal and trade policies, and the broader global economic environment at play, all contribute to painting a complex scenario. It is essential to mention that as these changes unfolded, the AFN remained steadfast. A fluctuation of 0.01899 to 0.01933 over the course of a day may seem minuscule in isolation, but when you look at this in the context of the vast global economy, it is indeed a noteworthy feat. This climb, although moderate, signifies the potential capacity of the Afghan economy to navigate through the choppy waters of global fiscal challenges. The resilience demonstrated by the nation''s currency acts as a beacon of hope for countries grappling with fiscal instabilities and exchange rate predicaments. Now, what might this mean for the investors? Simply put, it highlights the importance of vigilance and being aware of these continual changes. The slight rise could potentially signal a more significant economic surge. Hence, both local and international investors should recognize this as an opportunity to expand their portfolios and capitalize on the fluctuating dynamics of the Afghan currency. One might wonder, what does this mean for the common Afghan citizen? At the surface level, it translates to a stronger purchasing power. This seemingly insignificant rise magnifies in impact when transposed to larger economic activities and longer duration. While it''s easy to overlook small changes, these shifts help form the foundations on which economies are built and progress. Everyone involved in the world of finance - from multinational corporations investing in Afghanistan, local businesses considering future projects, or the common consumer, must to stay attentive to these shifts. Having discussed the present, let''s cast an eye into the future. Although predicting exchange rates is a complex and risky endeavor, the current trend suggests a potential for further improvement. Markets will undoubtedly keep a close watch on external factors like geopolitical developments and internal fiscal policies that could impact the AFN. To sum up, the slight yet consistent rise in the AFN''s exchange rate is a testament to the evolving nature of financial markets and the resilience of Afghanistan''s economy. This small step could indeed be a giant leap for the country''s economic stability. The prospect of AFN maintaining this positive momentum in the future continues to ignite interest and spark discussions among observers, investors, and businesses alike.Steady Rise in AFN Exchange Rate Witnessed Through the Day

Current Middle Market Exchange Rate

For information purposes only.