2024-04-23 Denar 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

General Trend Analysis

Glancing at the provided data, it appears that the MKD exchange rate stays relatively steady over this period. The rate fluctuates between a narrow band of approximately 0.0237 and 0.0238, differing only in the 4th decimal point which signifies minor volatility. It starts at 0.02376, reaching a minimum value of 0.0237 and a maximum of 0.02379 before ending at a similar level where it started with 0.02372, therefore, no significant trend of overall increase or decrease is discernible from this data.

Seasonality and Recurring Patterns

Regarding the search for seasonality or recurring patterns, due to the high frequency time series data with 5-minute intervals and small variations, more sophisticated time series analysis techniques would be needed for confident identification of these patterns which is beyond scope of this examination. However, visually, there is no readily identifiable recurring pattern in the data that signifies regular seasonal effects during this period.

Identifying Outliers

In this data set, an 'outlier' is considered as a data point that is significantly different from the others. However, the values of the exchange rate remain closely packed within a very thin range. Therefore, there don't appear to be any obvious outliers or radical differences in the exchange rate compared to the majority of data points. This is indicative of a stable market condition for this particular currency pair during this period.

Conclusion

The MKD exchange rate appears to be generally stable over the period covered by this dataset, with minor fluctuations suggesting a balanced supply and demand within this market for these particular hours. There are no clear seasonal/intra-day patterns or discernible outliers which in itself is an interesting finding as it indicates stability during this period.

r Hours Remained Stable In an interesting display of financial resilience, the MKD exchange rate experienced minor fluctuations over a twenty-four-hour period, resulting in an essentially stable performance. The timeframe under consideration is April 22, 2024, and, as expected, the rate went through its standard ups and downs, but rather astoundingly, managed to maintain its stability. The rate started at 0.02376 just after midnight and ended at 0.02372 before midnight. Despite the seemingly negligible difference, the variations within these bounds present a fascinating depiction of how dynamic the financial world can be. A detailed analysis of the data indicates the highest exchange rate not exceeding 0.02379 or declining below 0.02370 during the analysis window. This underscores the steady nature of MKD''s performance on the date in question, suggesting inherent resistance of the currency to more large-scale variations in market forces. This financial phenomenon implies several things about the economic state of affairs. Market stability, especially in currency exchange, can be indicative of the positive health of an economy. It''s evidence of stable pricing, bearing the potential to stimulate foreign investments. Therefore, it''s not a leap to suggest that this stability may mirror balanced economic conditions in the country. However, it is also crucial to bear in mind the unpredictable nature of the financial market. In the realm of finance, volatility is more the norm than stability. The minor fluctuations are a reminder that even when a situation appears stable, change is always occurring. The relatively stable exchange rate does not account for external factors that could facilitate sudden fluctuation. Economic reports, geopolitical events or shifts in commodity prices, could all have a ripple effect and alter this serene state of affairs. Going forward, it will be fascinating to see if the MKD exchange rate maintains its current steadiness or if it will succumb to the undercurrents of change, perpetually lurking within the financial market. The future could also reveal whether this exchange rate stability is the calm before the storm. Considering the historic trend of unpredictable socio-economic variables influenced by local and global events, the MKD exchange rate could surprise stakeholders with an abrupt turn. As the MKD exchange rate marches forward, stakeholders and spectators alike should keep a close eye on these minor fluctuations. Despite their seemingly insignificant size, these minute ripples in the financial ocean could be harbingers of significant events ready to unfold. Minor Fluctuations in MKD Exchange Rate Over Twenty-Four Hours Remained Stable

Current Middle Market Exchange Rate

For information purposes only.