2024-05-06 Boliviano 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. Overall Trend of Exchange Rates

The overall trend of the exchange rates appears to not follow a consistent upward or downward trajectory, instead showing stability with slight fluctuations. The data begins at an exchange rate of 0.19603 at the 4th of May, 2024, and ends at a rate of 0.19771 on the 3rd of May, 2024, indicating a very slight increase over the observed period, but it is essential to note that the data oscillates frequently within this period, indicating the lack of a clear upward or downward trend. The highest rate recorded was 0.19973 on the 15th of April, 2024, and the lowest recorded was 0.19579 on the 10th of April, 2024.

2. Seasonality and Recurring Patterns

In terms of seasonality or recurring patterns, it's challenging to accurately determine without information about the frequency of data points. Still, there seems to be minor periodic swings in values when looking at the provided time-stamped data. For instance, you notice that a series of increases often follow a series of decreases, which may suggest influencing factors operating in a cyclical manner.

3. Outliers in Exchange Rates

In the existing dataset, there are no significant outliers or any instances where the exchange rate differs significantly from the trend. The fluctuations in the exchange rates are relatively small and do not deviate too far from the general range of rates. However, it's worth mentioning the drop in exchange rates on the 10th of April, 2024, which went from 0.1979 to 0.19579. This drop is the most significant within the one month period, though it's not necessarily an outlier as the rate bounces back rather quickly.

Final Notes

  • This analysis is based on the underlying assumption that the exchange rates are affected by numerous factors not accounted for in the dataset.
  • This analysis does not consider potential macroeconomic or microeconomic events that could impact exchange rates.
  • The analysis does not provide any predictive capabilities or future forecasts based on the dataset.
nth The Bolivian Boliviano (BOB) has seen significant fluctuations throughout the month of April and into the beginning of May 2024, suggesting volatility in the market that raises questions about future economic trends. The rate saw a decrease on the 5th of April from the initial 0.19603 to 0.19587. However, by the 10th of April, it peaked at 0.19795 showing an upward trajectory. Unfortunately, this improvement was short-lived as the data reveals a sudden drop to 0.19579 on the same day, leading to a perhaps unsettling unpredictability in the market. Despite the dips, the BOB displayed a modest climb reaching 0.19967 on the 15th of April, welcoming a positive outlook amongst investors and traders. Nonetheless, the constant ebb and flow continued: the rate fell to 0.19776 by the 19th of April but again rose to 0.19935 by the 15th of April. Yet, the month ended on a rather flat note, with the rate floating around 0.19743 by the 30th. Going forward into May, the rate again took an upward trajectory and hit a high of 0.19942 on the 2nd. However, a sharp fall was recorded, and the rate stooped to 0.19686 on the 3rd of May. These oscillations in the exchange rate suggest an unstable economic environment, which may be a result of changing supply and demand, monetary policy changes, or stress from global markets. The trickle-down effects of these shifts in the BOB could significantly impact the overall growth and inflation rates in Bolivia. Frequent shifts in exchange rates like these can disrupt international trade and investments. As exchange rates influence the price at which a country sells goods to another country, a volatile rate can increase the costs of exported and imported goods. This volatility is a mixed bag. It can both attract "adventure capitalist" investors who thrive in volatile markets, and repel conservative investors, wary of the risks involved. Industries that heavily rely on exports, like manufacturing, may also be heavily affected due to the frequent changes in the perceived value of the BOB. As with the global economy, predicting the future of exchange rates is a complex matter. Yet, the overarching market volatility may suggest a potentially tumultuous path ahead for the BOB. Market analysts, investors, and policy-making bodies will need to closely monitor the situation. Moving forward, it''s crucial to analyze the factors causing this unpredictable behaviour and gauge what this implies for Bolivia''s economic stability. This volatility, if continued, may significantly influence Bolivia''s international trade standing and attractiveness to foreign investors. Thus, investors, both national and international, are advised to tread lightly until clearer market signals come into view.Drastic Changes Observed in BOB Exchange Rates Over a Month

Current Middle Market Exchange Rate

For information purposes only.