2024-04-23 Dalasi News

Summary of Last Month

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Understanding the Overall Trend of the Exchange Rates

The data indicates that from 2024-04-22 00:00:02 to 2024-04-22 23:55:02, the exchange rate remained relatively stable, oscillating around 0.02017 to 0.02025 in the first few hours, then decreasing slightly to hover around 0.02016 to 0.02021 for the majority of the period before experiencing a slight decrease towards the end of the period to approximately 0.02016 to 0.02017. The smallest exchange rate was 0.02015 and the largest was 0.02025. There isn't a clear increasing or decreasing trend as the exchange rate fluctuates within a very narrow range.

Identifying Any Seasonality or Recurring Patterns

In the given period, the exchange rate data does not seem to exhibit any clear seasonal or recurring patterns. The values vary slightly above and below an apparent mean value, but there doesn't appear to be a consistent timescale on which these fluctuations occur, nor do the fluctuations appear to repeat in a regular manner.

Noting Any Outliers

No clear outliers can be identified in this data. The values of the exchange rate all lie within a narrow range and there are no sudden jumps or drops that would signify an anomalous data point. Any variations that do occur are small and consistent with the general variability of the data.

hours In a fascinating display of financial resilience, the GMD exchange rate has experienced only minor fluctuations over a 24-hour timeframe, signalling a relatively stable period for investors. From midnight to midnight on April 22, 2024, the exchange rate witnessed changes that can best be described as minute. This period, characterized by an ebb and flow of exchange rates, subtly illuminated the GMD''s strength amidst global economic fluctuations. The day began with the GMD set firmly at 0.02022 at midnight. Despite several fluctuations over the ensuing hours, the exchange rate hovered around this region, showcasing the inherent solidity and dependability of the GMD during these trying times. At approximately 2:35 AM, the rate peaked at 0.02023 only to drop slightly then recover at 3:20 AM, reaching 0.02024. From this point, the trajectory of the GMD rate took a gradual decline throughout the day. Observed dips in the exchange rate during the afternoon were not sizeable enough to cause dismay amongst traders and investors. Despite this, these patterns provide a fascinating insight into the external factors influencing GMD''s relative stability. As the evening approached, the GMD exchange rate remained relatively steady, ending the day at 0.02017, only a minor drop from the day''s opening rate. These minor fluctuations in the GMD rate over a 24-hour span indicate a measure of economic stability within its trading region, much to the relief of investors and stakeholders. In a global financial landscape that is periodically punctuated by sudden changes and immediate shifts, periods like these can provide a safe harbour for careful and cautious investors. Further analysis ties this stability to the resilient economic structures that have been built over recent years, countering global economic turbulence effectively. It must be noted, however, that even minor shifts over time can accumulate, leading to more substantial exchange rate alterations in the long term. As we look to the future, it will be important for investors and traders to keep an eye on how the GMD rate navigates upcoming economic events. While any immediate significant changes seem unlikely, staying informed about small fluctuations will be key to spotting early signs of larger shifts in the future. The GMD''s performance could offer crucial insights into both the near-term trajectories of its tied economies and potential future global inflation rates. As we continue to navigate the waters of economic uncertainty, such titbits of stability can prove to be significant harbours for investment strategies.Minor fluctuations observed in GMD exchange rate over 24 hours

Current Middle Market Exchange Rate

For information purposes only.