2024-05-15 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

Understanding the overall trend of the exchange rates

Upon examining the provided dataset, the general trend in the exchange rates seem to be fairly stable. The majority of the data points show an exchange rate of around 0.01016 to 0.01019. There are fluctuations from this range, but they are not substantial enough to form a clear increasing or decreasing trend. Therefore, the exchange rates can be characterized as generally stable during the observed period.

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

In terms of seasonality or recurring patterns, it appears that no apparent seasonality exists within this dataset. The exchange rates do oscillate across the day, but there is no clear pattern repeating at regular intervals that would suggest a seasonal influence. Therefore, the data is characterized as aperiodic.

Noting any outliers, or instances where the exchange rate differs significantly from what would be expected

The dataset seems to be mostly consistent with its overall trend. However, there were a few instances of the exchange rate dropping to 0.01013 and 0.01014. Given the majority of the values hover around 0.01016 to 0.01019, these instances are considered as outliers. However, it is crucial to remember that these outliers do not necessarily imply a problem. Variability is common in financial data, and these outliers could merely be the result of normal market fluctuations.

Key Notes

  • The exchange rates have remained fairly stable over the time period under review.
  • There is no distinct seasonality or recurring patterns observed in this dataset.
  • A few outliers have been noticed where the exchange rate dipped slightly below the normal range, likely due to regular market movements.

Please note, these insights are generated based purely on historical data provided and do not consider external influences or future predictions.

r 24 Hours On the 14th of May, 2024, a meticulous inspection in the fluctuation of the DZD exchange rate was observed, presenting traders and investors with a day of microscopic market movements. Particularly, the exchange rate remained consistent with minute oscillations, underlining a seemingly unprecedented stability in the currency''s performance over the 24-hour interval. The trading day started and ended with the DZD exchange rate stationed at 0.01019 as the constant. It demonstrated a commendable steadiness in the starting hours of the day, sticking at this value for more than an hour period. However, as the day progressed, a series of minute fluctuations were observed. The DZD exchange rate fell to a day''s low of 0.01013 during the early-morning hours of the trading day but quickly regained its previous position, reflecting the inherent strength of the currency and the market''s confidences. Towards the day''s end, the DZD rate further declined exhibiting the day’s lowest plunge to 0.01014. However, just as sunrise follows the dark, the declined rate bounced back, reinforcing continuity and resilience of the currency. The consistency in the DZD exchange rate for prolonged periods signals a potentially stable market. However, these small fluctuations are consequential for high-volume traders, as even minor shifts can produce significant financial gains or losses. As these oscillations paint a picture of market stability, it leads us to scrutinize the potential causes for such steadiness. Market stability can be attributed to several factors including, the absence of significant economic news, balanced supply and demand in the market, low volatility and possible government intervention. These microscopic fluctuations underscore the meticulousness required in the world of foreign exchange trading, where even the slightest shifts can prove consequential. And while the day posed a placid landscape for some investors, high-frequency traders found the seamlessly small fluctuations a battlefield of opportunity. Looking ahead, investors and traders need to stay vigilant of potential driving factors that could induce more significant fluctuations in DZD''s value. The market eagerly anticipates whether this currency stability will hold or if major fluctuations are brewing. As always, investors are advised to keep abreast of economic news, shifting market sentiments, and global events that may impact the foreign exchange landscape. Overall, the minor fluctuations in DZD suggest a compelling storyline of consistency fraught with nuanced volatility- showcasing once more, the thrilling world of forex trading. DZD Exchange Rate Witnessed Microscopic Fluctuations for 24 Hours

Current Middle Market Exchange Rate

For information purposes only.