2024-05-09 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

1. Understanding the overall trend of the exchange rates

From the given dataset, the captured exchange rate of DZD remains relatively stable over the period shown. It moves in a narrow band between 0.01019 and 0.01024. However, there are slight fluctuations within this narrow band. In many instances, the rate does seem to increase slightly to 0.01024 before falling back to its usual range of 0.01019 - 0.01022. This indicates a minor cyclic trend in a very stable exchange rate. In general, the trend of the DZD exchange rate can be categorized as a stable horizontal trend with minor fluctuations.

2. Identifying any seasonality or recurring patterns in the changes of exchange rates

Looking at the timestamps closely, there is no clear seasonality in the exchange rates. The data does not show a repeated identifiable pattern for each day or at specific hours within the day. However, the slight cyclic trend of minor increases to 0.01024 then falling back to around 0.01019 - 0.01022 occurs multiple times throughout the period. But these fluctuations don't represent a standard pattern likely to repeat in the same manner consistently. Therefore, the dataset does not provide a clear seasonal component.

3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality.

Within the given dataset, no severe outliers deviating significantly from the general trend are perceptible. The exchange rates remain within a very tight range throughout the entire period, and any slight variations can be attributed to normal market fluctuations rather than extraordinary outlier events. The absence of outliers further strengthens the perception of the DZD exchange rate's overall stability over the period provided in this dataset.

ghout the Day In a striking display of monetary resilience, the Dinar (DZD) exchange rate maintained remarkable stability throughout a 24-hour period. On May 8, 2024, the currency witnessed an infrequent instance of controlled fluctuation, characteristic of a robust and well-regulated financial market. Starting the day with an exchange rate of 0.01022, it remained consistent for the initial hours of trade. The graph exhibited minor spikes twice during the initial hours of the day, when the currency exchange reached a peak value of 0.01024 before retreating back to its initial standing. Throughout the day, the DZD showed slips as trifling as 0.00002. With dips to 0.0102 and subsequent rises up to 0.01024, no significant deviations were observed for the most part of the day. While such minor slips are not unknown in the dynamic world of currency trading, the persistence in maintaining a stable graph for an extended period was indeed a notable phenomenon. Renowned financial analysts scrutinize these movements as notably significant considering the global economic scenario and the often volatile nature of international money markets. Currency experts suggest that this steadfast performance of the DZD reaffirms the positive market sentiment and the strong fundamentals of the Algerian economy. Nonetheless, the key takeaway remains the unusual stability observed throughout the day. In a world where monetary values are susceptible to geopolitical events, international relations, and market forces, the steadiness of the DZD stands stark against the instability trend. The questions arise, however, if such stability is sustainable, and if so, what the implications might be for both the home and global markets. In the short term, such stability can represent a sign of healthy regulation and a strong macroeconomic policy. Conversely, it can become problematic if it demonstrates an underlying stagnancy in the domestic economic activity or an overregulated monetary policy. The stability demonstrated by the DZD on May 8, 2024, will undoubtedly establish a precedent for financial analysts. It is an event that is likely to serve as a reference point and a case study for academic and market research. Looking forward, market spectators, business leaders, and policymakers will be keen to observe if this stability will linger. The global financial community will watch closely for any indications of this becoming a sustained pattern or whether this was a standalone instance of stability. It''s certainly an issue to follow with keen interest, as the implications could have profound effects across a number of sectors. Along with the reasons behind it, the conditions that allowed for such stability to occur warrant critical examination. For now though, the DZD has given the financial world a robust performance to contemplate and learn from.Remarkable Stability Observed in DZD Exchange Rate Throughout the Day

Current Middle Market Exchange Rate

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