2024-05-10 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

Understanding the Overall Trend

Upon analyzing the given data, it is observed that the exchange rates (GMD) have shown minimal fluctuations over the course of the timestamps provided, i.e., 2024-05-09 00:00:02 to 2024-05-09 23:55:02. The exchange rate initially remained stable at 0.02025 from around 00:00:02 to about 01:00:02. It then slightly increased to 0.02027 around 01:20:02 but again decreased to stabilize at 0.02026. The rate again hit a maximum of 0.02027 around 01:40:02 and kept fluctuating between 0.02026 and 0.02027. Thereafter, the rate exhibited a subtle decreasing trend from around 07:35:03, reaching a minimum of 0.02018 around 13:55:03. For the rest of the time, the exchange rate mostly varied within the range of 0.02018 and 0.0202 with minor fluctuations.

Identifying Seasonality or Recurring Patterns

On close examination, no clear seasonality or specific recurring patterns can be identified from the data provided. While there is a degree of variability present in the data, there isn't a clear set pattern - such as a specific time of day where the exchange rate consistently increases or decreases. Such patterns might be buried under the intra-day volatility and thus are not easily discernible from the provided data.

Noting Outliers

No notable outliers or instances where the exchange rate differs significantly from the general trend can be observed based on the data provided. The maximum and minimum exchange rates for the given period only differ by a small margin, and rates seem to oscillate within a tightly controlled range. This suggests a highly stable market behaviour without any unexpected swings during the analyzed period.

Please note that for a more in-depth analysis, additional data detailing other possible influencing factors (market opening/closing hours, weekends/holidays, key financial news, etc.) might be required, but I understand that this analysis should not consider them.
ange Rate In a recent string of developments, the economy has seen a fascinating pattern of minimal variances in the Gambian Dalasi (GMD) exchange rates notable in the earlier hours of today. On the surface, it seems like it was any other day for the GMD, with exchange rates only shifting minutely from each recorded timestamp. But a closer look at these data presents a vivid display of financial intricacies and delicate economic balances that make up the global financial system. Throughout the day, the GMD exchange rate crawled from an initial position of 0.02025, experiencing barely noticeable modifications, sometimes stretching the value to as high as 0.02027, sometimes dipping to as low as 0.02023. This represents a negligible 0.02% deviation in the value, yet it signifies significant micro-scale fluctuations. The strands of continued stability peppered with minute shifts reflect the result of microscopic financial shifts at ground-level. These changes, however insignificant they may seem, reveal intricate financial patterns that help experts understand market stability and economic health. For the uninitiated, such data may appear monotonous. However, these oscillations are evidence of a functioning market system, where countless transactions and negotiations take place. Each minimal shift impacts global economic health in an ocean of microscopic factors that together form the tidal wave of macroeconomic demand and supply. For financial analysts, the collection and analysis of these figures are invaluable. They provide a clear image of the health of the Gambian economy and the buying power of the Gambian Dalasi. Moreover, these figures are used to predict future trends and possible shifts that might occur, giving investors and governments alike the tools to come up with informed economic strategies. Riding on the name of stability, the GMD continues to present us with an interesting financial case. Looking ahead, it remains to be seen whether this micro-fluctuation trend continues signaling a robust Dalasi, whether substantial leaps or drops will occur, and the potential triggers of such movements. Only time — and time-series financial data — will tell. We will keep an eye on future data releases to determine if this trend continues or if a significant reversal is in store. Stay tuned for more comprehensive financial data analysis to stay informed about market trends and economic health indicators.Churning Stability: Microscopic Fluctuations in GMD Exchange Rate

Current Middle Market Exchange Rate

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