Steady DZD Exchange Rate Encounters a Day of Subtle Fluctuations

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Firstly, we'll clean the data provided to confirm if it consists of regular intervals and if there are any gaps in the data. We'll then assess each of the elements specified.

Understanding the overall trend of exchange rates

The exchange rates appear to follow a relatively stable trend over the given time frame. Detailed examination reveals only minute fluctuations, which are typical in active markets. The rate primarily revolves around 0.01014 and 0.01018, indicating a relative stability in the shorter term. However, the dataset provides insufficient data to establish a long-term trend or verify the consistency of this stability.

Recurring patterns and seasonality

Within the bounds of the provided data, no clear recurring patterns or seasonality can be observed. Any daily pattern seems to be minor and swallowed by the overall stability of the rate. To effectively observe seasonality, it would require hourly data over a more extended period. According to the provided data, the DZD exchange rate remains relatively unmoved even at different periods of the day.

Outliers in the dataset

Given the scale of fluctuations in the exchange rates, we could not identify any significant outliers in the provided data. The rates, from the highest at 0.01022 to the lowest at 0.01013, follow a predictably quiet pattern with no unexpected peaks or dips. This suggests a steady condition with little volatility during the dataset's time span.

It's crucial to remember that these findings are limited to the specific time span of the dataset, and ongoing monitoring would be required to keep track of imminent changes.
April 25, 2024, presented investors and market spectators with a remarkably steady day for the DZD exchange rate. For a long stretch in the day, the DZD held its stability at 0.01017. However, the exchange rate was not entirely devoid of fluctuations, giving the financial sector ample study points. Starting from midnight, the DZD held its exchange rate at 0.01017 and stayed steady for more than an hour before recording its first lightly downward fluctuation at 1:40 a.m descending to 0.01016, which it held for a substantial faction of the morning hours. The first incline came around 5:40 a.m where it rose to 0.01018 before settling back to 0.01016 by 6:25 am. Later in the day, around 8:10 a.m. the DZD encountered a gradual but notable rise, reaching 0.0102, which can be seen as the highest for the day. After this, the rate declined again to 0.01014 by 1:55 pm, marking the day''s lowest exchange rate. What''s interesting though is the repeated recovery of the exchange rate to 0.01016, a primary pivot point of the day. By the day''s end, the DZD had settled back into its 0.01015 value, showcasing a performance that reaffirms it as a stable and reliable currency. >Economic indicators have rated the Algerian Dinar (DZD) as one of the most stable currencies suggesting an underlying strength in the Algerian economy. This steady performance echoes steady confidence from investors and market participants. Strong macroeconomic policies, economic stability, and low inflation rates are factors contributing to this strength. This day''s DZD support and resistant level range from 0.01014 to 0.0102 respectively. As the figures suggest, it was not a very volatile day for currency traders dealing in the DZD exchange rate. Still, it was a day that offered up some valuable lessons in currency stability and only further cemented the DZD''s standing as a secure bet. The subtle fluctuations experienced on this day should nevertheless prompt investors and interested parties to pay keen attention to global economic indicators. Events on the global economic stage, such as shifts in trading relations, geo-political events and changes in the oil marketplace, play a crucial role in influencing currency stability and overall performance. The day ended with the spotlight firmly on the consistent performance of DZD. It''s prudent for investors, financial analysts, and currency traders to watch out for tomorrow''s market opening for any signs of changing dynamics. In conclusion, the steady nature of the DZD observed today hints at possible future behaviors of the currency. This is beneficial information for investors and traders while they strategize for prosperous outcomes. However, as the saying goes, past performance does not guarantee future results, which is why continuous vigilance and assessment of financial news and world events is crucial in the dynamic field of finance.Steady DZD Exchange Rate Encounters a Day of Subtle Fluctuations

Current Middle Market Exchange Rate

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