2024-04-19 Hryvnia 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

Overall Exchange Rate Trend

Upon reviewing the dataset, it becomes noticeable that the exchange rate of UAH is quite stable, with only minimal fluctuations. There's a slight declining trend initially, but it starts to rise towards the end. However, the changes are fractional and signify a somewhat stable exchange rate over this specific timeframe.

Seasonality Pattern

Given the relatively stable nature of the data, it's challenging to identify a clear seasonality or repeatable pattern. The rate changes are small and appear to be random rather than cyclical. A data pattern that repeats after a consistent number of intervals could suggest seasonality, but this isn't clearly present in the provided data.

Identification of Outliers

When observing the data, the UAH exchange rate remains between 0.03475 and 0.03489 for the majority of the time. However, there were times when the exchange rate dipped to around 0.03462 and 0.0347 respectively. These dips can be regarded as outliers, as they significantly differ from the typical rate. Despite these minor fluctuations, the exchange rate didn’t witness any drastic changes that would significantly impact the analysis.

Summary

In summary, no clear signs of seasonality or distinct trends were identifiable in the exchange rate over the given period. The rate remained quite stable with a few small fluctuations. Moreover, a couple of noticeable outliers were observed where the exchange rates diverged slightly from the expected range.

our Cycle Ukrainian Hryvnia (UAH) saw steep fluctuations over a 24-hour period, as recorded on April 18, 2024. The exchange rate experienced a range of minor alterations throughout the daytime and nighttime, characterizing market volatility in the currency exchange realm. Starting from midnight, the UAH exchange rate remained relatively stable, hovering between 0.03487 and 0.03490. This continued until a sudden plunge to 0.0347 around 6 am and then a gradual rise to 0.03476 by 12:15 pm. The market seemed to stabilize at the rate of 0.03476 for a few hours post noon. However, further in the day, a sudden dip to 0.03462 was experienced around 8 pm, causing waves of concern among currency exchange stakeholders. Financial experts suggest that these fluctuations reflect the volatile nature of the currency market. They argue that multiple domestic and international factors influenced UAH''s value, making it tough to predict a definitive trend. Factors including Ukraine''s economic performance, geopolitical tensions, international trade developments, inflation, and the monetary policy of the National Bank of Ukraine could all have an impact on the currency’s value. Moreover, the international financial markets'' dynamics also play a critical role. With other currencies'' strength or weakness also impacting the exchange rate, stakeholders must keep an eye on the global economy. This unpredictability of currency fluctuations underscores the need for comprehensive analysis and financial risk management strategies. Trading organizations, multinational corporations, exporters & importers, and even individuals looking to send remittances must keep a keen eye to mitigate financial loss. The evening dive of the UAH to 0.03462 paints a turbulent picture of its exchange rate. However, within the final hours, a slight recovery was experienced, pointing to the myriad of influences and the robustness of the UAH against these influences. The market will now watch closely how the hryvnia will respond in the coming days. Will it bounce back or will it drop again? These are the concerns that will be on the minds of stakeholders as they look ahead. A comprehensive review of the nation’s economic indicators is pivotal to gain a thorough understanding. As we look to the future, the path of the UAH holds uncertainties mirrored in the market’s global events. It is crucial to continue observing the patterns of these waves meticulously, given their profound impacts on the financial landscape. Any surges in the exchange rate, whether upward or downward, bear significant implications. In conclusion, the next time you glance at a currency graph, remember that behind each peak and trench is a tale of economies struggling, pivotal political decisions made, and millions of people adapting their financial strategies. It is a crucial reminder of the intricate interplay between the economy, politics, and our day-to-day lives.UAH Exchange Rate Witnessed Sharp Fluctuations in a 24 hour Cycle

Current Middle Market Exchange Rate

For information purposes only.