2024-05-06 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

Analysis of GMD Exchange Rates Time series data

This is a step by step analysis of the provided time series data. Firstly, the data set consists of date and time in the timestamp format and GMD exchange rate at that particular date and time.

Overall Trend

From the data provided, it can be seen that the GMD exchange rate has varied slightly between 0.01996 and 0.02039 during the period under review (April to May 2024). There is a very mild upward trend in the exchange rate, as the rates have generally increased from the start to the end of the data set. However, the overall volatility of the rate is relatively low, indicating relative stability over the studied period.

Recurring patterns

No particular recurring patterns or seasonality can be pointed out directly from the data set, perhaps due to the limited time period covered. Further analysis might identify weekly or even daily patterns.

Outliers

From the given dataset, one could observe there are no significant outliers or drastic rate changes that tilt away from the general trend. The exchange rates generally fluctuated within a very narrow range, and no irregular spikes or crashes were detected.

External Factors

As instructed, this analysis does not consider external impact factors like market hours, weekends/holidays, or financial news events. However, it's usually essential to note that these factors can significantly influence exchange rates, and a complete analysis could consider these aspects for a comprehensive view, especially on a broader timeline and for higher volatility currencies.

In conclusion, the data set reflects a generally stable and lightly increasing trend for the GMD exchange rate over this brief period of April to May 2024. While this behaviour might not remain persistent over extended periods or under the impact of critical external events, the trend extracted from this data provides a broad understanding of the exchange rate pattern during this time.

arket Trend In an economy driven by firestorms of data, the past few weeks have accorded an interesting turn of events for exchange rates. The exchange rate of GMD (Global Market Dollar) against other major currencies has witnessed marginal fluctuations, as per a recent data sweep. Throughout the defined period expanding from 5th of April, 2024 to the 3rd of May, 2024, notable shifts can be discerned in exchange rates. Westing between 0.01996 and 0.02033, the GMD displayed minor fluctuations, indicating a predominant trend in the bullish market arena. Starting from a lower point of 0.01998 on the 5th of April, the GMD progressively ascended to a significant 0.02033 on the 30th of April, marking a peak in its exchange rate. This increase paints a vivid picture of the strength and resilience GMD exhibited in the global economy over the past weeks. Through the observation of data, it can be garnered that the GMD exchange rate experienced a volatile journey, marked by a series of peaks and troughs. Elements like economic indicators, trade policies, geopolitical events, and even market speculation have certainly played their role in this trend. The significance of these fluctuations can be felt the most by investors, who depend on exchange rates to make valuable decisions regarding their market investments. The slight oscillation in the GMD rates in the timeframe provided represents potential opportunities for traders and investors seeking to leverage these movements in the foreign currency exchange market. Dips as well as hikes across the exchange rate timeline mark signifying points of entrance and exit in the market for investors adept in the art of timing. On a broader screen, these minor shifts can also band along major implications on the global trade scene. The stability or instability of exchange rates affects global trade, and any fluctuation in the same could lead to a shift in the competitive landscape. Particularly for countries heavily involved in import or export, there might be inevitable consequences that could impact the nation''s net trade balance. Looking forward, investors and market analysts are urged to closely watch the activities of the market to predict potential trends in the exchange rate. The relative calm interspersed with occasional spikes is indicative of the GMD''s propensity to potentially cause shifts in the trade balance scales. The future of the exchange rate, however keenly observed, is ultimately subject to a multitude of factors including shifts in macroeconomic policies and global economic health. Therefore, maintaining a vigilant and active stance in the foreign exchange market is advisable in order to leverage the ongoing volatility. In conclusion, while the past weeks prove to be interesting times for the Global Market Dollar, the future of the exchanges rates remains to be seen with the multitude of external factors that will play out in subsequent weeks. In a world driven by big data, exchanges rates, no less, play significant roles and require careful observation, interpretation, and most importantly, action.Exchange Rates Witness Minor Fluctuations Amid Bullish Market Trend

Current Middle Market Exchange Rate

For information purposes only.