2024-04-18 Algerian Dinar 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 Analysis

Upon looking at the data, the exchange rates (DZD) have shown minimal fluctuations between 0.01020 and 0.01026 over the time period reflected in the dataset. There doesn’t appear to be a clear increasing or decreasing trend in the data. Instead, the exchange rate seems quite stable with minimal fluctuations, reinforcing the stable trend throughout the period.

Seasonality and Recurring Patterns

Given the data provided, it is challenging to identify a clear seasonality or recurring pattern over the selected time frame. The exchange rate values seem to oscillate within a narrow margin consistently. Note that to better assess seasonality, a dataset encompassing a longer time frame, typically covering at least one full year, would be more beneficial.

Identification of Outliers

No significant outliers have been detected in this dataset. There are no instances where the exchange rate deviates at a high magnitude from the usual range of 0.01020 to 0.01026. All values seem to stay within this range, signifying a lack of potential outliers in the reported data.

Note

  • It's worth noting that the provided data is quite stable over the time frame given, with minor fluctuation. This informs us that during this period, the DZD exchange rate did not face any significant volatility.
  • While providing analysis in a short span, identifying trends, seasonality, and outliers become quite challenging as it requires more geographical, economical, and longer time frame data.
  • This analysis strictly adheres to the dataset provided and does not consider external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports.
s A meticulous analysis of time-series data from a recent financial dataset has shed light on the performance of the DZD exchange rate. Despite market fluctuations, the DZD has shown remarkable stability over long periods, making it an outlier in the capricious world of foreign exchange markets. The dataset, containing numerous real-time entries spanning from midnight to almost the end of the day, paints the picture of a consistent and resilient DZD. This observation stands true despite various intra-day timings, suggesting that the currency remains largely unaffected by market events during operational hours. Analysts note the exchange rate''s astonishingly tight trading range, retained consistently throughout the day. Such steadfastness is unusual in the forex market, recognized for its volatility. However, the DZD appears to be an exception to this rule, standing firm on its value and fluctuating only between 0.01020 and 0.01026. This revelation becomes all the more significant given the current global economic instability triggered by various geopolitical events. Where several currencies are experiencing vulnerability, the DZD''s stability could signify a robust and balanced economy backing the currency. However, while steadfast currency can assure investors and promote an attractive business environment, its impact on the export sector is contentious. A strong and stable currency might make exports seem costlier, influencing the competitive edge of businesses operating in international markets. Market participants suggest a keen interest in closely monitoring economic indicators and policy announcements, as these could hint at any potential volatility in the DZD. Attention will particularly be given to central bank meetings, economic forecasts, and changes in national and global economic policies. The DZD''s stability amidst such an unstable environment raises important questions about what drives this anomaly and what it means for its economy. They will be looking for signs of any interventions from central banks or financial institutions that might be acting to stabilize the currency. That said, it is crucial to note that the weight of a single day''s data should be contextualized in a broader temporal framework. Continued observation over an extended period will provide a more holistic understanding of the DZD''s overall performance. In conclusion, the DZD demonstrates impressive resilience in the face of widespread market fluctuations. As with all financial trends, the implications of this phenomenon will ripple out into different sectors of the economy. Whether DZD''s stability is a boon or a burden will be determined by the tapestry of macroeconomic factors that lie ahead. Hence, investors, exporters, and financial analysts all keep an eager eye on upcoming economic events, as they strive to decode the future trajectory of this unexpected steady player in the world currency market.DZD Exchange Rate Remains Stable Amid Market Fluctuations

Current Middle Market Exchange Rate

For information purposes only.