2024-04-22 Algerian Dinar News

Summary of Last Week

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Statistical Measures

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Trend

1. Overall Trend of Exchange Rates

The data provided represents the exchange rates from 22nd March 2024 to 19th April 2024. The exchange rate demonstrated a trend with minor fluctuations and a general increase. The lowest point of the rate (0.01002) was recorded on 4th April 2024, and the highest point (0.01026) was noted on 16th April 2024. Spatial fluctuations suggest that the rates were not consistently stable, but exhibited slight volatility.

2. Seasonality and Recurring Patterns

The dataset does not span a sufficient duration to confidently identify traditional forms of seasonality, such as quarterly, monthly, or weekly patterns. However, within the dataset's limited timescale, no recurring pattern was noted. The minor fluctuations seem to occur sporadically, rather than periodically or in a cyclical manner.

3. Outliers and Significant Variations

The most significant variation in exchange rates occurred between 10th April 2024 and 12th April 2024. The rate increased from 0.01007 to 0.01021, which is a relatively substantial increase given the minor fluctuations throughout the rest of the dataset. This could suggest an outlier or a substantial event affecting the exchange rates, but additional data or context would be needed to confirm this.

It is also noteworthy to mention that the general increase in the exchange rate after 8th April 2024 could signify a shift in trends. However, since this is towards the end of the dataset, it is unclear whether this rising trend sustains longer or it was a temporary rise.

In conclusion, although the dataset does not provide detailed long-term insights into the performance of the currency exchange rates due to the relatively short duration of data, it provides valuable insights into the short-term behaviour, fluctuations and trends of the exchange.

ss Two Weeks In a significant departure from the usual volatility of global financial markets, the exchange rates of Algerian Dinar (DZD) displayed a fascinating phenomenon of striking stability for an extended duration of two weeks. This observation marks an unexpected trend break and provides a fascinating insider''s look into the complex world of currency markets. The data analysis spans from March 22 to April 19 in the year 2024, during which the rates fluctuated slightly but remained surprisingly steady overall. Throughout this period, the DZD exchange rates showed less than 2 percent variability, with values ranging from 0.01003 to 0.01026. This is an unusual scenario as exchange rates are usually prone to higher degrees of volatility given the complex interplay of numerous domestic and international economic indicators. Factors such as inflation rates, economic performance, geopolitical developments, and even speculation can lead to significant shifts in exchange rates. The observed stability might indicate a strong economic standing of Algeria at this particular period or might be a reflection of a calm period in global economic activity. Nevertheless, the exact contributing factors remain speculative without a more in-depth economic analysis. It also points to the investors'' confidence in the Algerian economy during this period, as wildly fluctuating exchange rates often deter potential investors. While stability might hold advantages like decreased risk in international trade and FDI, it can also indicate stagnation and lack of growth potential. Thus, whether this period of stability is beneficial or detrimental hinges on other concurrent economic indicators. Moreover, although stability is cherished, if it extends for a long duration, it could deter spurs of growth and profit opportunities for investors betting on exchange rate changes. Looking ahead, investors and market analysts should keep an eye on the forthcoming trends in the DZD exchange rates to discern whether this observed stability will develop into a longer-term trend or revert to the more common pattern of volatility. They would also need to extend their examination into various other economic indicators to gain full comprehension of the Algerian market. Furthermore, the resilience of DZD amidst the uncertainties amplifies the importance of evaluating a country’s economic fundamentals before investing or trading. High-return strategies often involve high risk, yet these findings highlight how stability can sometimes supersede quick gains. In conclusion, the distinct lack of volatility in the DZD rates during this time frame is a compelling observation that reiterates the intricacies of financial markets. Whether this will persist or lead to an unexpected shift, only time will tell. For now, this stability presents a significant talking point among market enthusiasts. Surprising Stability Observed in DZD Exchange Rates Across Two Weeks

Current Middle Market Exchange Rate

For information purposes only.