2024-04-26 Denar 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

1. Understanding the overall trend of the exchange rates

Upon observation of the provided dataset, the MKD exchange rates are seen to fluctuate between 0.02379 and 0.02386 throughout the day. However, the changes in the exchange rate do not seem drastic. The rate primarily remains within a very narrow range, indicating a stable currency exchange rate. There is a slight increase around the 2:15 timestamp where the rate reaches its maximum of 0.02386 and minor decreases near the 3:05 and the end timestamps reaching a minimum of 0.02379, but overall the trend appears to be quite stable with minor fluctuations.

2. Identifying seasonality or recurring patterns

Since the data only spans over a single day, it is difficult to track any observable seasonality or pattern related to weeks, months, or seasons within a year. However, when scrutinizing intraday patterns, it is observable that the rates decline slightly after the peak at 2:15, and the lowest points are reached around 3:05 and towards the end of the dataset. While these patterns require further data collection for validation, they could point to daily cyclical patterns in the exchange rates.

3. Noting outliers

Given the stability of the currency's exchange rate and minor range of fluctuation, there don't appear to be significant outliers in this dataset. While minor peaks and troughs can be observed at certain timestamps such as 2:15 and 3:05, they don't differ significantly from the mean to be considered as outliers.

This dataset's trend and patterns align with the nature of currency exchange rates that tend to fluctuate throughout the day but usually within a rather consistent range. They are influenced by market supply and demand, and while they can be affected by a variety of factors, within a stable economy, dramatic shifts within a short period such as a day are not common.

4 Hours Leading financial experts bring your attention today to the notable yet subtle shifts we have been observing in the MKD exchange rates over the last full day. In the world of finance and economy, investors widely regard the exchange rate as a crucial indicator for assessing the country''s economic health. The value of the MKD over the observed period has hovered close to the 0.02381 and 0.02386 mark, albeit with slight fluctuations. Commencing at midnight on April 25, 2024, the MKD stood at 0.02381 versus the dollar. The rate demonstrated minor increases and decreases over the course of the day but remained closely around the same mark. The biggest rise was to 0.02386 at 08:10 AM, creating a window of opportunity for savvy investors who had their eye on the trend. Post this increase, the MKD oscillated moderately through the day, reaching a low of 0.02379 towards the late evening at 22:50 PM. Traders who deal in currency pairs would have used these subtle movements strategically for their trade execution. These fluctuations, while minimal, have significant implications. The decrease symbolizes a slight perceived devaluing of the MKD in comparison to other currencies, which could influence international trading, export, and import activities for businesses operating from the region. Additionally, temporal shifts in exchange rates can also impact foreign investment flow into the country. A slightly lower rate, as we saw yesterday, could signify higher returns for foreign investors when converting profits back into their home currency, ultimately encouraging overseas investments. Similarly, for Macedonian businesses with operations abroad, fluctuations in MKD rates influence repatriated profits and overseas operational costs. Thus, market trends reflecting these variations are keenly followed by both local and international businesses. However, it is critical to note that these values are subject to wider macroeconomic factors such as inflation, interest rates, and geopolitical stability, among others. Therefore, a single day’s movement, while worth noting, should not be interpreted in isolation. Investors, traders, and businesses must keep a watchful eye on macroeconomic policies and global market trends that could potentially affect the MKD''s value. In an ever-evolving financial landscape fraught with uncertainties and opportunities alike, astute observations and strategic moves define market triumph. The coming days will determine whether this pattern continues, reverts, or becomes more volatile. Therefore, it remains crucial to stay updated with local economic news and global factors influencing exchange rates.Subtle Fluctuations Noticed in MKD Exchange Rates Over 24 Hours

Current Middle Market Exchange Rate

For information purposes only.