2024-04-29 Denar 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

Given that we have a time-series dataset, depicting the change in MKD exchange rates over time, let's start by identifying the overall trends, finding recurring patterns (seasonality), and noting any outliers.

Overall Trend Analysis

The MKD exchange rate begins with a value of 0.0237 on 2024-03-29 02:00:02 and ends with a value of 0.02375 on 2024-04-26 14:00:01. Though there are fluctuations within this time frame, the rate seems to have a fairly consistent value with very minimal changes overall. There is a slight uptick in the rate around the 2024-04-04 mark, reaching a month's high of 0.02403 at 2024-04-09 10:00:03, however, it doesn't seem to indicate a significant upward or downward trend over the given period. Therefore, the trend can be said to be essentially flat.

Seasonality Analysis

As the data spans around a month, unlike other data such as yearly sales data, it does not provide a clear opportunity for demonstrating seasonality like quarterly or yearly fluctuations. However, the intra-day fluctuations might be examined for patterns. At a cursory glance, there doesn't appear to be a clear recurring pattern on a daily or weekly basis but it would require a more detailed investigation to confirm.

Outliers Analysis

If we consider an outlier to be a rate that deviates significantly from the rates immediately preceding and following it, there are few instances that may qualify. For instance, on 2024-04-10 08:00:03, the exchange rate spiked to 0.02409, making it the highest rate in the month and a significant jump from the previous rate of 0.02393. But it immediately receded back to 0.02389 about 2 hours later. This might be influenced by a number of factors and would require further analysis to comprehend fully. However, the general rate change throughout the period does not show a lot of outliers.

Further in-depth analysis using appropriate statistical methods and models can help obtain a better understanding of the dataset.

Period The opening weeks of April 2024 witnessed a minor increase in the exchange rates of the MKD currency, as shown by the most recent financial data. The dataset, a continuous stream of time-series data, provides an intriguing insight into the foreign exchange market and its associated volatility. In the timeframe starting from March 29th up to April 26th, 2024, the MKD consistently showed movements, albeit with slight fluctuations. Following the principles of financial forecasting based on time-series data, these oscillations are critical components in understanding the momentum of the currency and market conditions surrounding it. On March 29th, the value began at 0.0237 and remained steady until a slight increase to 0.02374 around April 1st. This ascending motion continued in minor increments and reached a peak of 0.02403 around April 9th. Despite this seeming positive development, the currency experienced a minor setback, settling around 0.02389 by April 10th. Conversely, the days following witnessed the MKD rate slowly bounce back, reaching a steady 0.0239 by April 19th. Analyzing these micro-movements in the exchange rate provides significant insights into the broader economic picture. What appears to be a negligible change on the surface actually signals a level of stability within the country''s economy. The consistency in the exchange rates suggests that the market is experiencing no severe economic shocks or notable fluctuations in supply and demand. The resiliency of the MKD is a testament to how the country withstood numerous economic factors. This could be an indicator of a strong financial infrastructure, robust financial policy, and effective central bank intervention. Furthermore, despite the retained equilibrium, the slight peaks and troughs also indicate market dynamism that encourages foreign exchange trading. For investors, the minor yet consistent oscillations in the exchange rate represent opportunities to buy low and sell high within a relatively low-risk environment. Looking forward, given the stability of the MKD displayed over this two-week period, investors predict that the upcoming weeks will follow a similar trend. The minor increments and reductions the MKD has experienced over the monitored period suggest the presence of a reliable exchange rate system and provide a sense of security for future trading and investment for both local and international stakeholders. However, it remains crucial for investors to stay vigilant of international situations that could potentially impact the exchange rate, such as geopolitical events or significant shifts in global market trends. Marked Exchange Rate Shows Slight Increase Over Two Week Period

Current Middle Market Exchange Rate

For information purposes only.