2024-04-29 Hryvnia 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:


1. Overall trend of the exchange rates

Over the period shown, the exchange rate of UAH has been generally stable, with slight fluctuations. It starts at a value of 0.03451 on 29th March 2024 and ends at 0.03451 on 26th April 2024. Yet, when observing the intermediate rates, minor increases and decreases are noticeable, producing what appears to be a small wave-like pattern. However, the lack of any significant change in the start and end values suggests that there has been more of a trading range in which the UAH exchange rate flows.

2. Seasonality or recurring patterns

This time-series data does not clearly indicate any seasonality or recurring patterns in the exchange rates. The available data, which spans less than a month, is not sufficient to discern any yearly or seasonal impacts. However, within the presented timeframe, the recurring small wave pattern may suggest a form of intra-day cyclic pattern that may be worth exploring with more detailed per hour or per minute data.

3. Outliers in the dataset

As far as outliers in the data set is concerned, there are not any momentous surges or drops in the exchange rate that stands out significantly from the general wave-like pattern. All values seem to fluctuate within a close range and conform to the minor oscillations' scenarios. Yet, the largest drop over a short period appears on 10th April 2024, with the rate falling from 0.03514 to 0.03468. As for sharp increases, the most significant one occurs on 5th April 2024, with the rate jumping from 0.0347 to 0.035. Even so, these changes aren't strikingly large and seem to fall within the typical market volatility.

le Peaks A recent analysis of the UAH exchange rate provides useful insights into the performance of this currency over a period of several days. The review disclosed that the UAH exchange rate displayed a generally constant dynamic with multiple noticeable peaks, reflecting the nature of the currency market''s volatility while offering potential opportunities for market participants. The data recorded over the weeks revealed that the UAH, also known as the Ukrainian Hryvnia, embarked on a relatively stable journey initially. However, it challenged this status quo by showing minor increments in its performance repeatedly. This trend indicates time-specific boosts that could have been derived from multiple factors driving currency markets, such as, geopolitical factors, shifts in the global economy, changes in investor sentiment, or economic data releases. Specifically, the biggest jumps were seen around 2 AM on April 5th, and continued momentum was observed around 8 AM, on April 10th. Another similar pattern followed on April 24th. These periods of incline suggest a markedly higher trading activity, potentially driven by various markers like positive economic news, corresponding stock market performance, or favorable financial forecasts for Ukraine. An additional point of interest in the data is the steady declines in the exchange rates between increases. This downward trajectory indicates momentary reductions in the market''s bullish sentiment toward the Ukrainian currency. While the exact reasons behind these fluctuations remain left to speculation without a further full-scale macroeconomic and geopolitical review, they underline the integrated nature of today''s global economy. A minor shift in one nation could trigger a domino effect, altering financial trends and investor behaviours across the globe. A closer look at specific time points also brings intriguing findings. Around 8 AM, significant fluctuations in either direction were documented on numerous occasions. While this might be coincidental, such a distinct pattern suggests that additional factors could be at play, such as opening times of major global stock exchanges, the release of economic data, or geopolitical events. Given these interesting observations about the UAH exchange rate''s performance, market participants would do well to monitor this currency closely and carry out an in-depth investigation into any correlating factors. Understanding these dynamics could facilitate effective financial planning and trading strategies, providing a competitive edge in the forex market. Moving forward, it remains to be seen whether the aforementioned pattern will persist or whether new trends will emerge as further data unfolds. As always, market participants should keep an eye on the broader economic picture, political climate, and relevant financial news, all of which might influence the currency market''s strength and resilience.UAH Exchange Rate Displays Steady Movement with Noticeable Peaks

Current Middle Market Exchange Rate

For information purposes only.