2024-03-12 Dalasi 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

Overview of Time Series Data

The given dataset provides insights into exchange rate fluctuations from 23rd April 2024 00:00:02 to 23rd April 2024 23:55:02. To understand the data and draw insightful interpretations, it's crucial to conduct a step-by-step analysis of the trend, patterns and potential anomalies.

Understanding the Overall Trend

The overall trend of the GMD exchange rates stayed fairly consistent throughout the entire day on 23rd April, 2024. Despite minor fluctuations, the GMD rates were stable and hovered between 0.02016 and 0.02019 for most of the day, before dropping slightly to around 0.02011 towards the end of the day. No significant upward or downward trends can be observed. Thus, the exchange rates depicted a largely stationary trend within this 24-hour period.

Identifying Seasonality or Recurring Patterns

Regarding seasonality, with only a single day's data, it is challenging to properly determine any daily or hourly patterns that may repeat over multiple days. The small variations in exchange rates do seem random and non-periodic, indicating a lack of strong seasonal trends within this day. To confirm any consistent patterns, a broader dataset covering a series of multiple days, weeks or months would be required.

Noting Any Outliers

From the provided data, no significant outliers are noticeable that would significantly deviate from the observed range of 0.02011 to 0.02019. The exchange rates remained reasonably stable, with only minor fluctuations that do not seem to represent any extreme deviation from the overall trend. However, striking points are the slight rise observed around 04:10:02 to 0.02019, followed by a gradual decrease towards the later hours of this analysed day.

Concluding Remarks

In summary, based on the data provided for one day, the GMD exchange rates present a relatively stable trend without any exceptional outliers or discernible seasonal patterns. However, this analysis is limited by the small time frame of data available. For more precise insights and identification of possible recurring trends or patterns, it would be beneficial to have access to a broader, longer-term dataset.

sistent Behavior As the world of finance turns its gaze on currency fluctuations, one currency that has been quietly making waves is GMD (Gambian Dalasi). Over the past day, GMD has seemed to hold on to a steadfast course, displaying a remarkable level of stability not often seen in the grand stage of global currency exchange. In a world where economic fluctuations are frequent, currencies often reflect the immediate impacts of these global financial shifts. However, within the last 24 hours, GMD demonstrated outstanding continuity in terms of its exchange rate. The slight changes it exhibited in the magnitude of hundredths never exceeded a threshold, thus forming a striking image of constancy in an ocean of fluctuation. GMD kicked off at a rate of 0.01983 and peaked at 0.01989, while the lowest dip was marked at 0.01982, making the total variance as low 0.00007 points within the specified timeframe. Viewed through a microscopic lens, these changes might seem minimal. In the larger vista of financial landscapes though, this represents an unusual state of stability in a currency''s exchange rate behavior. Although one could navigatively approach this with skepticism, arguing that stability might signify a lack of substantial progress or backward movement. However, no matter what viewpoint is taken, it cannot undermine the reality that stability is key in the world of finance. Consistency promotes predictability, which in turn encourages investment. This stability in GMD can be a significant boon for investors that gamble on certainty. The speculators and stakeholders of GMD, including businesses that operate through the currency or economists who keep a watchful eye, will undoubtedly find comfort in the steady exchange rate. While the reason for this remarkable stability could be attributed to various factors, including a judicious combination of appropriate fiscal and monetary policies, this gives the global market a strong signal. This stability embodies a strength within the Gambian economy that has managed to keep its currency''s value unwavering amidst a swirling global financial scenario. This recent incident, however, should merely serve as the blue-plate special, steering attention to an ongoing pattern, rather than be mistaken as a onetime soiree in the fluctuating financial circus. Moving forward, it will be interesting to observe if GMD continues this trend of stability. In summary, whether you perceive stability as a vault of prosperity or not, there''s no arguing the vast potential it does indeed leap up in terms of prospective investments. In the days ahead, the global finance community will have their eyes set firmly on the GMD trajectory, as it continues to give a fresh perspective to the rhythmic dance of the money market.Stability Reigns Supreme: GMD Exchange Rates Exhibit Consistent Behavior

Current Middle Market Exchange Rate

For information purposes only.