2024-04-22 Dalasi 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 of exchange rates

The overall trend of the GMD exchange rate over the period in this dataset shows slight fluctuation but generally remains stable. The rate starts at 0.01997 and ends at 0.02024 which implies no significant increase or decrease within this time period. While there are minor variations, no notable upward or downward trend can be observed.

Seasonality or recurring patterns

In the provided dataset, there are no obvious patterns that indicate seasonality. The exchange rates do experience fluctuations but these do not appear to be following a consistent seasonal cycle. This may imply that the exchange rate of the GMD is influenced more by factors not included within the dataset such as economic reports, financial news, or other external factors.

Outliers in the dataset

Digging deeper into individual instances of the data reveals only minor fluctuations, with no clear outliers detected. The rate mostly moves within the range of 0.0199 to 0.0203, and changes beyond this range are rare. This suggests a level of stability in the GMD exchange rate during the period in question, which is not disturbed by any major unusual occurrences or extreme events.

External factors and their impact

As mentioned, external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports were not considered in this analysis. The understanding of the GMD exchange rate trend is therefore purely based on the given numerical dataset. Any event outside this scope may likely influence the exchange rate, but these potential impacts could not be evaluated from the given dataset.

It's recommended that for a more comprehensive and detailed analysis, other potential influential factors should also be taken into account. This includes macroeconomic indicators, geopolitical events, and major financial news. However, these parameters are beyond the scope of the dataset provided and for a more precise forecast, additional data analysis and more sophisticated modeling techniques would be required.

in March-April 2024 An analysis of time-series financial data beginning March 22, 2024, until April 19, 2024, shows that the GMD exchange rates have been unstable during this period. This fluctuation has caught the attention of analysts and investors alike, as it may signal a shift in the market dynamics. The GMD exchange rates initially started at 0.01997 on March 22nd and had a slight incremental movement until reaching 0.02003 on March 22nd. Over the next few days, there was a slight decline in the rates, hitting a low of 0.01992 on the 1st of April. The rates then picked up, reaching 0.02001 on the 1st of April, the start of the second quarter of 2024. While some stabilization was observed towards the first week of April, the rates dropped sharply to 0.01988 on April 4th. This case of unpredictability continued throughout the period under analysis, with short periods of stability succeeded by notable declines or increases in the rates. The highest rate recorded during this period was 0.02032, achieved on April 15th, which was a surprise given the preceding instability. This high was followed by minor changes ranging between 0.02026 and 0.02036 from April 15th to April 19th. The volatility observed in GMD''s exchange rates during this period may be due to a multitude of factors, including geopolitical concerns, market sentiment, inflation levels, or anticipated changes in monetary policy. Regardless of the precise reason, such fluctuations can represent risks or opportunities for different market participants. For forex traders, the unpredictability can mean heightened risk, especially for those who rely on stable markets. However, for others, particularly speculators, the volatile currency rate can provide substantial profit-making opportunities - provided they can correctly predict the direction of the change. For businesses that rely on imports or exports for their operations, variations in the GMD exchange rate can significantly impact their profit margins. A decline in the rate can make imported goods costly, while an increase can devalue the revenue earnt through exports. Looking forward, eyes will be set on how the GMD exchange rates will fare. Stability would be favorable for traders who prefer predictability, while a continuation of the volatility could draw in more speculative activity. With myriad factors affecting the GMD exchange rates, only time will tell what future trends will prevail. In these changing times, it is crucial for investors and businesses to stay informed and prepared. Any future shifts in the market dynamics, whether abrupt or gradual, will have implications for currency valuations. Optimizing investment strategies and operational plans to meet these trends can lead to not just survival but growth even in the face of uncertainty. Unstable GMD Exchange Rates Sees Significant Fluctuation in March-April 2024

Current Middle Market Exchange Rate

For information purposes only.