2024-04-22 East Caribbean Dollar News

Summary of Last Week

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Statistical Measures

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Trend

Overall Trend Analysis

The given data set represents the value of exchange rates from March 22, 2024, to April 19, 2024. During this period, the exchange rates seem to show an overall upward trend. On March 22, 2024, the exchange rate sits at 0.50186, which gradually rises to about a peak of 0.51001 on April 12, and then slightly decreases, fluctuating around 0.508 - 0.509 towards the end of the given period. Therefore, one can observe a general trend of increasing rates over this time period with some degree of fluctuation.

Seasonality and Recurring Patterns

With regard to seasonality and recurring patterns, the granularity of the data—multiple readings per day—can be used to determine patterns over the course of a day. However, based on the provided data, any declared intra-day pattern would not be accurate as the given timestamp intervals are not consistent(i.e., they are not hourly or bi-hourly). Hence, without a specific pattern in the timestamp, it's hard to comment on time-bound seasonality. Over the period under discussion, no clear, recurrent pattern emerges in the exchange rate changes. The data would need to be viewed over a longer timeline to identify any possible seasonality.

Outliers Identification

As for outliers in the data, one key point that can be noticed is the sudden increase on April 10, the exchange rate jumped from 0.50189 to 0.50501 and continued to increase towards 0.50656 within the same day. This is by far the largest single increase within such a brief period observed over the whole dataset. Another instance of a notable shift is on April 16, where exchange rate jumped from 0.51058 to 0.51119, and continued rising to 0.5117 the same day. These jumps cause these points to stand out from the otherwise more gradual changes observed.

Two Weeks The Eastern Caribbean Dollar (XCD) has experienced significant fluctuation in exchange rates over a period of two weeks, according to recent time-series data analysis. The period in focus stretches from 22nd March 2024 until 19th April 2024. During the two weeks, the exchange rates showed a wavering pattern, starting at 0.50186 to peak at 0.51001, before experiencing highs and lows, and finally settling down at 0.50848. While the fluctuations in the XCD were not unprecedented, the frequency of ups and downs in such a short span was noticeable. Interestingly, while a standard rise and fall are typical within financial frameworks, several occurrences of the XCD''s robust performance suggest that external factors played a critical role during this period. Market analysts suggest that this could be due to important macroeconomic events or shifts in fiscal policy not yet disclosed to the public. A major surge was observed on April 10th, when the rate dramatically increased from 0.50168 to a high of 0.50656, suggesting a significant shift in market dynamics. This pivotal shift brought about an upward trend that continued for nearly a week, reaching the highest exchange rate of 0.51001 on April 12th. The XCD’s performance reflects the currency''s resilience amidst volatile global economic conditions. The immediate impact of such fluctuation affects investors, traders, and markets relying on the XCD for international trade deals or investments. Considering the current trend, investors may need to prepare for a bumpy ride ahead. However, it is crucial to note that periods of volatility can present both risks and opportunities. For savvy investors, this environment could offer profitable trading scenarios if navigated strategically. For others, particularly risk-averse investors, these fluctuations might indicate a time to reassess and restructure their portfolios to avoid potential losses. In the longer term, these fluctuations may impact the region''s economic stability. Dependence on imports, especially from countries whose currencies are strengthening against the XCD, could lead to higher costs of goods, contributing to inflation. Looking ahead, it''s crucial for investors and market stakeholders to stay abreast with international developments that might impact the XCD. The exact cause of the recent instability remains uncertain; however, macroeconomic indicators, foreign policy adjustments, or shifts in the global economic landscape could provide some clues. Moreover, it is crucial not to overlook the potential impact of geopolitical tensions, international trade disputes, and global market disruptions. Understanding these factors and how they interact with exchange rates can help investors anticipate market movement and make informed decisions to navigate any future fluctuations. In conclusion, implications from these exchange rate variations can offer valuable insights into future trends, so investors and analysts alike should keep their eyes peeled on the unfolding economic landscape.XCD Exchange Rates Witness Significant Fluctuation Over Two Weeks

Current Middle Market Exchange Rate

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