2024-05-14 Denar News

Summary of Last Month

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
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  • Difference of Daily High & Low:

Statistical Measures

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  • Standard Deviation:

Trend

Overall Trend of Exchange Rates

The overall trend of the MKD exchange rate for the given frequency of 5-minute intervals on 13th May 2024 shows minor fluctuations, but largely remains quite stable over the observed period. It is observed that there is a very slight upwards trend from a rate of 0.02392 to 0.02398 throughout this day. Although such a marginal increase may not appear significant when considering individual transactions, it does represent a relative growth in currency strength over time that could have sizable impacts in large scale or long-term financial activities.

Seasonality and Recurring Patterns

With respect to seasonality or recurring patterns, there seem to be none. Given that the data represents just one day, it may not be sufficient to definitively establish the presence of a seasonal trend based purely on intra-day analysis. It would require historical data spanning across multiple months or years to accurately identify any seasonality, monthly or yearly patterns. However, based on the given day’s data, there aren't observable patterns or cyclical fluctuations that stand out.

Outliers and Unexpected Fluctuations

There aren't significant outliers or drastic swings within this dataset. The exchange rate exhibits small deviations around a central value without larger unanticipated spikes or drops. This suggests a fair stability in the exchange rate at least within the given timeframe. However, it is recommended to have an extended data history to identify outliers effectively, as some could occur due to market impacting events such as large-scale trades, geopolitical events or significant economic news releases.

Inferences

Based on this basic analysis, the MKD exchange rate on 13th May 2024 remains highly stable. It exhibits a minor upward trend and lacks any significant outliers or notable seasonality and patterns. However, this analysis is purely quantitative and assumes that the exchange rate changes follow a predictable, recurring trend shaped by historical data. It is crucial to bear in mind, especially with financial time-series, external factors such as economic indicators, geopolitical events, and market sentiment can greatly influence the currency rates.

cal Turbulence A review of financial data gathered over the last 24 hours revealed that the Macedonian Denar (MKD) held a pattern of impressive stability. This pointed towards a robust national economy as global shareholders contend with growing financial turbulence. Throughout the day, data showed that the MKD, despite minor fluctuations, maintained its strength. An analysis of the timestamps provided revealed that the MKD exchanged at 0.02392 to the dollar at the start of the index and performed a subtle increase to 0.02397 towards the end. This relatively stable trend is notable given the growing economic instability worldwide. As the financial market swings unpredictably, the Macedonian Denar defied this trend exhibiting a promising level of resistance. Its performance might be tied to a host of factors which include firm economic policies, strong foreign reserves, and potentially, beneficial trade amendments. A stable currency is often a key indicator of a country''s solid economic standing. By maintaining its exchange rate amid global financial perturbations, Macedonia exhibits a strong financial backbone developed from robust policies and successful governmental initiatives. While some currencies took detrimental hits due to the volatile global market, the MKD''s durable nature has reflected a financially stable Macroenonomic environment. However, readers might ponder why exchange rate stability is crucial, especially in present ongoing global economical disruptions. Exchange rate stability can boost international trade activities, as investors are more likely to invest where there is minimal risk of dramatic currency value fluctuations. This increased investment in return, enhances economic growth. Hence, MKD’s stability in its trading activities is expected to encourage further foreign investment in Macedonia. The global market stands on shaky ground with political uncertainties and the fear of potential market crashes. Despite this, the MKD has held its ground, arguably showing the strength of the economic policies currently in place in Macedonia. This current stability does not guarantee immunity against future market disturbances. Macedonia must continue to navigate carefully within the unpredictable terrain of global finance. As markets continually fluctuate, the nation is challenged to maintain its fortitude and maintain the value of the MKD. In moving forward, keen observers and investors should monitor Macedonia''s economic strategies in managing their currency. A close eye should also be kept on the global market trends and how they could impact the MKD directly or indirectly. As we look to the future, this event invites readers to remain informed and prepared. The financial market is, after all, a global vessel. Even the minor ripples can escalate into significant waves of change.Exchange Rate Stability Noted in MKD Amid Global Economical Turbulence

Current Middle Market Exchange Rate

For information purposes only.