2024-05-13 Algerian Dinar News

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Follow Algerian Dinar Forecast May 13, 2024
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Summary of Last Week

  • 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

After evaluating the time-series data on the DZD exchange rate, it's clearly noted that the exchange rate has been relatively stable through the period from April 12, 2024, till May 10, 2024. The exchange rate shows slight fluctuations from a minimum of 0.01013 to a maximum of 0.01026 ISO Currency. The majority of the time, the exchange rate ranges from 0.01018 to 0.01024 throughout the evaluated time period. It's worth mentioning that the rates show an increment in the first few days, peaks around April 16, and then gradually returns to lower rates. Overall, I would describe the general trend of the exchange rate during this period as slightly oscillating, but broadly stable.

Seasonality or Recurring Patterns

The time-series data for the exchange rate doesn't seem to show any distinct seasonality or recurring patterns within this short time frame. Exchange rates tend to be influenced by a wide range of factors, potentially including elements such as inflation rates, interest rates, country’s debt level, political stability and economic performance, and these are by nature irregular and non-seasonal. Therefore, any seasonality observed over a longer period of time may not be visible upon examining a month's worth of data. It would be necessary to analyze the data over a longer time frame to better detect any possible seasonal patterns.

Outliers

There aren't any noticeable outliers in this dataset during the provided period. Exchange rate movements are relatively small and consistent, with no significant spikes or falls observed. This might imply that the market conditions were steady during this period, and no disruptive events occurred that would significantly affect currency rates. However, it's always important to consider the wider economic and geopolitical context for a more comprehensive understanding of potential outliers and rate fluctuations.

General Conclusion

In conclusion, the DZD exchange rate, during the monitored period, showed a mild fluctuation, suggesting a possibly stable market condition. To understand the patterns more clearly and accurately, studying a wider range of data over a longer period is suggested, as currency trends are influenced by a myriad of elements which often play out over extended timescales. Also, considering the notable market events and financial news would provide a more comprehensive understanding of the exchange rate movements. Finally, without outliers in the data set, it may also suggest a lack of major disruptive events in the said period.

Period The Algerian Dinar (DZD) has been showing minor fluctuations over the past couple of weeks, marking a period of stability amidst the global economic uncertainties faced in 2024. Financial experts have been analysing this period, from 12th to 30th April, keenly observing minor yet meaningful changes in the DZD exchange rates. During the analysed period, the Dinar commenced trade at 0.01018 as of 2 a.m., 12th April. There was a trend of minor increases noted in the following hours peaking at a high of 0.01026 on 16th April. Following this peak, the DZD maintained stability through minor ebbs and flows, eventually closing at 0.01016 at 10 a.m., 10th May. Analysts highlight that the DZD''s stability during this period showcases the resilience of the Algerian economy. It also attests to the measures enforced by the Algerian Central Bank to cushion the Dinar against erratic fluctuations in international market trends. This control and guidance by the Central Bank play a crucial role in maintaining Algeria''s economic stability. These minor changes in DZD, however small, reflect the subtle dynamics and underlying trends of the global foreign exchange markets. These fluctuations, when analysed in a broader spectrum, offer valuable insights and set precedence in formulating forecast models for future market trends. The low volatility in DZD exchange rates not only bears implications for Algeria but will also affect investors and international business operations. It may lead to stable import/export prices and influence cross-border investments and trade agreements involving the Dinar. Hence, investors and multinational corporations will closely monitor these trends for future business strategies and risk management. Looking ahead, economic experts anticipate the trend to continue, given there are no significant internal or external shocks. However, the global economic landscape remains dynamic and unpredictable, with many factors such as geopolitical events, natural disasters, and policy changes capable of triggering significant shifts in exchange rates. Keeping these factors in mind, traders, investors, and policy-makers need to closely track the upcoming fiscal policies of the Algerian Central Bank, global economic trends, and trade relationships with Algeria''s primary trade partners. Any significant changes in these areas will most likely have a notable impact on the DZD''s performance in the global market. While the future remains uncertain, one thing is clear - even in the labyrinth of global finance, changes as minor as these help us understand the larger financial narrative. DZD Exchange Rate Sees Minor Fluctuations Over Two-Week Period

Current Middle Market Exchange Rate

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