2024-05-15 Baht 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

Overall Trends

Upon analyzing the given dataset, it can be observed that the overall trend of the exchange rate (THB) is relatively stable. It starts at a value of 0.03722 and ends at 0.0373, showing a minimal increase over the observed period. Thus, the exchange rate over the period seems to show a slightly positive yet almost non-significant trend over multiple instances during this time period. It's important to note any substantial deviations or spikes that might be evident in the data.

Seasonality

The data provided does not seem to show any obvious signs of seasonality as the changes in exchange rate are minute and are fluctuating around a relatively stable mean. The increments and decrements appear to be random, with slight increases followed by slight decreases. Although time series data often includes some level of seasonality, this dataset does not clearly demonstrate cyclic behaviour within the given time frame.

Outliers

In this dataset, there do not appear to be any prominent outliers. The rates do not show drastic increases or decreases at any particular point. There are minor rate fluctuations observed, but all within a very close range, from around a minimum of 0.0372 to a maximum of 0.0374. Therefore, no significant outliers are detected in the exchange rate data.

However, it's also important to note that my analysis here is fairly basic and primarily based on numeric values in the dataset. For a more sophisticated understanding, a graphical or statistical analysis may provide a much deeper insight into potential trends, cyclic patterns, or outliers.

teady Market Conditions In the financial world today, the Thai Baht (THB) exchange rate demonstrated minimal fluctuations throughout the day, underscoring steady market conditions. According to up-to-the-minute monetary data recorded on May 14, 2024, the exchange rate for the Thai Baht exhibited a thorough pattern of stability. While the THB''s exchange rate changed minutely throughout the course of the day, it remained consistent overall, suggesting a marked state of financial equilibrium within the currency markets. The exchange rate kicked off the day at an approximate rate of 0.03722. It experienced minute fluctuations as the hours rolled by, with the figure climbing slightly to 0.03725 within the first thirty-five minutes before falling back to the opening rate. Throughout the day, the exchange rate remained within an incredibly narrow band, peaking at 0.0374 and hitting a low of 0.0372. For stakeholders and traders dealing with the THB, this shallow fluctuation indicates dependable stability, assuring investors that the currency''s value has remained steady, enhancing confidence in the integrity of the currency and projecting an aura of monetary solidity. The significance of a stable exchange rate in the financial world is difficult to overstate. For businesses and investors operating in international markets, it means predictable transaction costs and decreased risks associated with currency trading. This mitigates the potential financial pitfalls that could arise from volatile currency values when conducting transactions. Moreover, from a wider economic perspective, such stability could be indicatory of robust monetary policy measures, confidence in the country''s balance of trade, and overall economic health. Today''s stability in the THB''s exchange rate could partly be attributed to an absence of significant economic announcements or geopolitical events that often act as catalysts for volatile swings in the foreign exchange market. Looking forward, market participants operating in THB should keep their finger on the pulse of the financial world. While the stability in the exchange rate is a positive signal, markets are susceptible to rapid shifts in response to a multitude of factors such as policy changes, economic news, and global events. In conclusion, the Thai Baht''s exchange rate stability on May 14, 2024, offered a display of the currency''s resilience in the face of potential market dynamics. Whether this trend continues will largely depend on the various external and internal stimuli governing the complex world of currency markets.THB Exchange Rate Exhibits Minimal Fluctuations Amidst Steady Market Conditions

Current Middle Market Exchange Rate

For information purposes only.