2024-04-22 Convertible Mark 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

Overall Trend Analysis

Upon studying the dataset above, we observe a broad decreasing trend in the BAM exchange rate over the duration shown. Starting with a value of 0.75659 on 22nd March 2024, it follows a general movement downward over a few weeks, albeit with intermittent increases and decreases. While we do witness some rises, these seem to be temporary and the overall trend tends to be descending over the given period with the final value being 0.74804 on 19th April 2024. However, the rate fluctuates significantly throughout the period, and this general observation may not hold in shorter time frames.

Seasonality and Cyclical Patterns Analysis

Identifying any seasonality or regular patterns in time-series data necessitates a more comprehensive dataset encompassing multiple seasons or cycles. This current dataset only spans approximately a month, which might not be sufficient to identify such patterns with high confidence. Nonetheless, with the available information, there are no obvious recurring or cyclical patterns detectable. The exchange rate primarily appears to be influenced by more short-term, irregular fluctuations. It would be beneficial to evaluate additional data over a longer period for a more definite conclusion.

Outliers Analysis

Although it's hard to accurately pinpoint outliers based on the current dataset as it requires a basic understanding of the normal range or distribution of the data, few notable sharp changes in exchange rate could be noticed. For instance, on 10th April 2024, there is a sudden increase in the exchange rate from 0.75274 to 0.75915, followed by an abrupt decrease to 0.75152 on the same day. Considering the overall trend, these might be regarded as potential outliers. Accurate confirmation of the same would require a more detailed statistical analysis.

d in 2024 March 22, 2024 - Analysis of the time series dataset, tracking the fluctuations in the BAM (Bosnia and Herzegovina convertible mark) exchange rate during a two-week period from March 22 to April 19, 2024, reveals a story of volatility, resilience, and anticipation regarding future prospects in the financial landscape. During this period, the dataset records a rollercoaster ride of the BAM exchange rate, from a peak of 0.7602 to a dip of 0.74527 causing investors to sit up and take notice. The continuous oscillation between peaks and troughs is indicative of a vibrant and highly responsive market. The initial fluctuations in the first week showed a downward trend that culminated in a low dip of 0.74527 on April 3rd. This overall drop was viewed as a market correction after a period of steady highs. However, investors were wary about the impact this decline would have on the wider economy. The second week of the time period in question witnessed a major reversal from the previous week’s drop. On April 10th, the BAM hiked to an impressive 0.7602, attracting a flurry of trading activity. This bounce back demonstrated a strong resilience within the market, a sign that was positively greeted by trade and finance experts across the globe. However, from an economic perspective, what followed was a slightly concerning downward fluctuation to a rate of 0.74675 on 12th April. The volatility during this two-week period has sparked wide-ranging discussions among economists and market participants — some cite geopolitical events, international trade policies, and even undercurrent market sentiments as key drivers of these shifts. Despite these dramatic swings, there are still indicators of stability. The BAM exchange rates are demonstrating a capacity for resilience, bouncing back from lows, recovering lost ground, and even pushing to new levels. Moreover, the overall long-term trend, though admittedly volatile, shows signs of an upward inclining trajectory. The uncertainty around these fluctuations has raised concerns among investors about the future position of the BAM in the global market. While some market watchers may consider these fluctuations as warning signs, others view it as an opportunity for high returns. Moving forward, experts are keenly watching the performance of the BAM. Predictions suggest continued volatility in the short term but maintain the possibility of stabilisation in the longer term. Investors are advised to stay vigilant and keep abreast of the latest market trends as the fluctuations in exchange rates could lead to potential investment opportunities. The world will watch with bated breath as it waits to see how the BAM will fare during what promises to be an exciting year ahead in 2024. Regardless of the market turbulence, one thing is clear: there is never a dull moment in the world of finance.BAM Exchange Rate Shows Volatility Over A Two-Week Period in 2024

Current Middle Market Exchange Rate

For information purposes only.