2024-05-13 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

Trend Analysis

From April 12, 2024, to May 10, 2024, the data shows exchange rates fluctuating between 0.03687 and 0.03775. The exchange rate value seemed to have decreased from around 0.03766 at the beginning of the period to about 0.03718 towards the end, indicating a slightly decreasing trend overall.

Seasonality and Recurring Patterns

The dataset doesn't cover a whole year or even a whole month, which makes it hard to accurately determine seasonal changes or recurring patterns. However, there may be some noticeable patterns within the day where the exchange rate tends to rise and fall, but these patterns are not explicitly clear due to the random fluctuations in the data.

Identifying Outliers

There are not any significant outliers observed in the dataset. The data seems to vary around a consistent range and doesn't show any major spikes or drops. This indicates that the exchange rate is relatively stable and consistent during the period covered.

In conclusion, while there's some slight decrease, the exchange rate of THB has overall remained relatively stable within the given timeframe. Some daily patterns might exist but they're not explicitly clear.
es Opportunities for profit abound for savvy investors amid fluctuations in the Thai Baht (THB) exchange rate. Over the past month spanning from April to the start of May 2024, the THB exchange rate has seen slight but consistent changes that have consequently opened up a dynamic currency market for investors to capitalize upon. The exchange rate began at 0.03766 on April 12, 2024, and despite a few ups and downs, ended at 0.03718 on May 10, 2024. While these changes might appear minor at first, they offer significant implications for international traders and investors who can leverage these fluctuations to their benefit. Given the time-series data review, an important pattern emerges — a gradual decline in the THB exchange rate over the period examined. For new entries into the Forex market, this might seem alarming. However, on the contrary, this development opens up the opportunity for a buying soundbite. Lower rates encourage investors to buy and hold onto the currency until it appreciates in value — a classic and well-founded investment strategy within currency marketplaces. Similarly, for those with the THB already in their portfolio, it could have been an ideal time to sell at the start of April and then repurchase it at the end of the period in May at a lower rate. This move could potentially enhance profitability. The exchange rate fluctuation intricately ties with Thailand''s macroeconomic status, reflecting factors such as inflation rates, geopolitical events, and economic health. With the global economy still recovering from impacts of the Covid-19 pandemic, many countries, including Thailand, are still grappling with economic stabilization, which in turn impacts the exchange rates. Interestingly, the THB exchange rate slight decline is also a signal of Thailand''s continued economic adjustment and resilience. The currency''s performance is an essential bellwether for investors, signaling when to enter or exit the market — highlighting how seemingly minor fluctuations can provide significant trading cues. Looking ahead, potential investors and market watchers should keep a keen eye on global and regional economic trends that could further impact the THB exchange rate. Further, the Thai government''s economic policies, foreign trade agreements, and changes in the domestic interest rates are additional factors to watch for. Overall, the horizon of currency trading, particularly concerning the THB, remains both dynamic and profitable. Even as the exchange rate experiences minor fluctuations, the focus for traders should be on understanding these market patterns and aligning their investment strategy accordingly for maximum profit realization. The fluctuating THB exchange rate has indeed created a market abound with opportunities. As it stands, the trajectory of the THB exchange holds potential for profit — a clear call to action for insightful investors to handle their portfolios wisely and timely.Fluctuating THB Exchange Rate Creates Profit Opportunities

Current Middle Market Exchange Rate

For information purposes only.