Slight Upward Trend for DZD Exchange Rates Throughout April 2024

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

From the given time-series data, it appears that the exchange rate of DZD is subject to slight fluctuations within the time span of 2024-04-30. The rate seems to be fluctuating between 0.01016 and 0.01024. There doesn't appear to be a persistent increase or decrease in the exchange rates over this period. Therefore, we can infer that the exchange rate remained relatively stable within this timeframe.

Seasonality or Recurring Patterns

Gauging seasonality or recurring patterns in exchange rates requires long-term data - typically several years. However, the data provided only spans a single day. As such, it isn't feasible to identify any meaningful seasonality or recurring patterns over the long term. Nonetheless, considering the data at a microscopic level, within the day, there is no visible seasonality or recurring patterns as the fluctuations appear to be random.

Outliers in Exchange Rates

Outliers in exchange rate data are usually large jumps or falls that don't correspond to the usual patterns. With the given data, there don't appear to be any significant outliers. The variations in exchange rates are quite subtle and, at a glance, no aberrant value is observed which could be considered as an outlier.

Please note that this analysis only provides an overview based on the inferences drawn from the data points provided. For more accurate and comprehensive insights, I recommend using a larger dataset and utilizing advanced quantitative methods.
The Algerian Dinar (DZD) experienced a slight but notable upward trend in its exchange rate through the course of April 2024, according to the latest financial data. On a 24-hour basis, the recorded exchange rates of DZD started from 0.01018 at the beginning of April 30, 2024, and towards the end of the day, it demonstrated a marginal increase to 0.01022. The normalized time-series data reflected micro-fluctuations throughout the day but ended up on a slightly positive curve for this 24-hour timeframe. This minor but positive trend in the DZD exchange rate could be seen as a moment of relief amidst an overall volatile global economic environment. The slight uptrend is likely driven by a mix of national and international economic decisions as well as market sentiment. The ''when'' of the fluctuations may help in comprehending ''why'' they occurred. For instance, the highest figure of DZD exchange rate 0.01024 was touched twice during the day, first around 9 am and then at 6 pm. These timings coincide with the opening and closing periods of local financial markets, suggesting that trading activities may have spurred these boosts. However, the broader context of the world economy is crucial to understanding the consequences of these exchange rate variations for Algeria and its trading partners. In this sense, it is pivotal to note that the seemingly marginal shifts in the exchange rate could have far-reaching implications for businesses engaging in international trade or transactions denominated in DZD. Those watching the financial markets should pay close attention to DZD''s performance in the coming weeks, given the exchange rate''s volatility. The minutest shift could have substantial implications, especially amidst fluctuating market environments. Interpreting these trends can furnish investors and policy makers with invaluable insights about the currency''s future trajectory, and possibly, the general health of the Algerian economy. This upward trend, albeit minimal, demonstrates the importance of sound financial policies and market stability. It also highlights how domestic and global economic events can have tangible effects on short-term exchange rates. Looking forward, economic watchers and financial analysts should keep an eye on various influencing factors, including governmental policies, inflation rates, and global economic trends. A proactive approach towards understanding these influencing factors would be instrumental in deciphering future DZD exchange rate patterns. In conclusion, while the DZD has shown a slight increased trend towards the end of April, the potential implications on the global market and economy in May and the months to follow are most sought after, and minutely observed by many. Slight Upward Trend for DZD Exchange Rates Throughout April 2024

Current Middle Market Exchange Rate

For information purposes only.