2024-05-22 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

Overall trend of the exchange rates:

Looking at the dataset provided, it is clear that the exchange rates remained largely stable over the observed period. There was a slight decrease in the exchange rate from 0.01896 to 0.01894 around the 01:30:02 timestamp, followed by a minor increase to 0.01896 again around the 02:55:02 timestamp. Then there was a significant increase in the rate from around 0.01895 to a peak of 0.01938. After reaching this peak, the rate gradually decreased back to around 0.01897.

Seasonality or recurring patterns:

Although at first glance the data would appear to lack any significant seasonality or recurring patterns, upon closer examination, a somewhat predictable ebb and flow can be observed. The exchange rate increase described above starts tiptoeing around the 07:35:03 timestamp and reaches a peak around the 13:50:03 timestamp. The gradual decrease in the rate after reaching this peak would appear to follow a similar slow decline pattern, stabilizing between 18:05:03 and 23:55:02 of the timestamps. This semi-predictable rise and fall persisted across the observed range of timestamps making it possible to predict future patterns based on this established one.

Notable outliers:

There are a few instances where the exchange rate slightly deviates from the projected path. These deviations may be considered outliers as they are significantly different from the established pattern. One such instance is around the 09:55:03 timestamp, where the exchange rate suddenly increased to 0.01935 from 0.01898. Shortly after, the rate came back down to 0.01936, which aligns more closely with the rest of the data. This sudden increase and subsequent decrease suggest some momentary but substantial disturbance during that period.

024 In the world of global finance and foreign exchange, the Afghani (AFN) has drawn significant attention from market-watchers in the late days of May 2024. The exchange rate of AFN has experienced an interesting flux, presenting a crucial trading opportunity and providing an intriguing insight into Afghanistan''s economy. Initially, throughout most of the day on May 21, 2024, the AFN exchange rate maintained a steady rate of 0.01896. Minor fluctuations were observed, such as the dip to 0.01895 in the last quarter of the same day. However, at 07:35, the AFN showed a noteworthy surge, reaching a peak rate of 0.01902 at 08:05. The momentum carried forward, and by 09:55, the rate had skyrocketed to an impressive 0.01935. Moving with the wave, the AFN continued to retain high levels until early evening, maintaining consistency around a peak rate of 0.01937. The market seemed to respond favorably to varying economic factors that drove up the exchange rate. This wave of the uptrend in the AFN''s exchange rate reflects positively on the economic conditions of Afghanistan, casting a promising light on its financial future. This surge could be attributed to several factors, with potential influences being political stability, positive economic reforms, and increased international trade. As traders harnessed this upward trend, it triggered the rise in demand for the AFN, further boosting its value on the foreign exchange market. It could also be seen as a reflection of improved investor confidence, signalling a robust and resilient economy. However, as the markets closed, the AFN dipped back to its initial levels, closing at a rate of 0.01897, a reminder of the volatile nature of exchange markets. Even the strongest of trends can undergo corrections, and careful investors should be aware that what goes up can also come down. This journey of the AFN on May 21, 2024, offers a valuable lesson for investors and traders alike. It exemplifies the importance of closely observing international exchange markets, understanding global and local economic indicators, and making informed decisions based on comprehensive analysis. Looking ahead, investors will need to keep a keen eye on the geopolitical and economic conditions that could influence the volatility of the AFN. Will this surge become a trend, or is it merely a blip in the larger landscape of global finance? The rest of 2024 will certainly have more intriguing stories to tell.AFN Exchange Rate Sees Noteworthy Surge in Late May of 2024

Current Middle Market Exchange Rate

For information purposes only.