2024-04-29 Baht News

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

1. Understanding the overall trend of the exchange rates

Overall, the exchange rate exhibited a downward trend across the timestamps provided. The exchange rate started at approximately 0.03713 at the earliest timestamp of 2024-03-29 02:00:02. This decreased modestly with minor fluctuations to about 0.03690 at the final timestamp of 2024-04-26 14:00:01. This suggests a trend of depreciation in the exchange rate over the observed period.

2. Identifying any seasonality or recurring patterns

In terms of recurring patterns, it appears that the data does not demonstrate any clear signs of strict seasonality within the provided time range. While there are constant fluctuations in the exchange rate, there's no evident, repeating pattern to indicate a predictable cycle in the data.

3. Noting any outliers

From an overview of the data, it does not appear there are significant or obvious outliers in the exchange rate. The rate remains relatively stable throughout the period, with no instances of extreme values that dramatically deviate from the general trend.

Conclusion

In summary, the given time-series data set shows a slight depreciation trend in the exchange rate across the specified period. There's no clear seasonality observed in these rates during this period, and there are no notable outliers. This assessment is strictly based on the provided data, and no external considerations like market timings, specific events, or financial news have been made.

eriod The Thai baht (THB) has experienced a series of mild fluctuations in its exchange rate over a period of two weeks, according to recent financial data. Despite a notable decrease from 0.03713 to 0.03680, the currency managed to stabilize, closing at 0.03689 on the final day of monitored activity. Between March 29 to April 26, 2024, the Thai baht witnessed several instances of slight increases and decreases, indicating an overall pattern of stability despite occasional volatility. The exchange rate began with a figure of 0.03713 and immediately moved upward to reach 0.03729. However, later determinations saw a steady drop in the rate, reaching its lowest point at 0.03674 on April 4 before beginning a steady climb back towards its average. The highest it reached afterward was 0.03769 on April 12, emphasizing a trend of relatively small oscillations throughout the period. Economists say that these fluctuations can be attributed to several global economic factors, including changes in investor sentiment and shifts in the broader financial landscape. Although changes in currency rates are a regular phenomenon, significant shifts can have profound impacts on international trade, foreign investment, and even the purchasing power of citizens. In the case of the Thai baht, the mild fluctuations seen in this period suggests a stable, though reactive, currency that is sensitive to various market and economic forces. These forces can span from domestic inflation rates, interest rates, and political stability to global commodity prices and broader geopolitical trends. On the other hand, although pronounced or erratic shifts in a currency''s value can lead to potential financial risks, the relative stability exhibited by the Thai baht could signal an environment conducive to foreign investment and economic participation. A stable currency often indicates a healthy economic climate, potentially attracting businesses and investors looking for stable economic returns. Looking ahead, market watchers and financial analysts will continue to closely monitor the trajectory of the Thai baht, as its performance could provide vital clues about the health of the Thai economy, potential impacts on trade partnerships, and the overall attractiveness of the country to foreign investors. We will need these clues to predict the currency''s future movements. Economists advise traders and businesses to stay updated with impending economic events, both local and global, as these will play a crucial role in determining the direction of the Thai baht exchange rates in the future weeks. Remember, investment decisions should not be based solely on recent trends; understanding the contributing factors to these fluctuations can also yield fruitful investment decisions.THB Exchange Rate Sees Mild Fluctuations Over Two-Week Period

Current Middle Market Exchange Rate

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