2024-04-29 Iraqi Dinar 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

1. Overall Trend of Exchange Rates:

The dataset shows a slight increase in exchange rates over the selected period. The rate initially starts from 0.00103 on 2024-03-29 and maintains this value for a few days. The increment can be observed from 2024-04-01, where the exchange rate changes to 0.00104 and shows minor fluctuations afterwards. Though, most of the observations are within the range of 0.00103 to 0.00106. It shows that there is no significant depreciation or appreciation of the exchange rate over this period, suggesting a relatively stable currency strength.

2. Seasonality and Recurring Patterns:

With the dataset provided, no clear seasonality or recurring patterns can be visibly identified. The exchange rate appears to be rather consistent over the period given. However, the exchange rate shows a very slight upward from insufficient to significant over time.

3. Identification of Outliers:

Considering an outlier as a value that greatly differs from the general trend, the dataset does not seem to contain apparent outliers. The minor fluctuations in the exchange rate are typical in financial markets and, considering the time span, aren't sufficient to be regarded as anomalies. The rates range from 0.00103 to 0.00106, suggesting a fairly stable trading environment during this period with no significant unexpected occurrences to lead to severe rate changes.

Note: The analysis provided is purely data driven and does not take into consideration any external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. For a more accurate, comprehensive analysis, such external factors should be accounted for as they can significantly impact exchange rates. In addition, the precision of the analysis could be improved with a larger dataset encompassing a wider timeframe, which may reveal more subtle trends, cycles, or patterns not apparent in this smaller sample size.

Weeks In the financial world, even the slightest fluctuations can indicate significant changes. Over the past three weeks, a subtle increase has been observed in the exchange rate of the Iraqi Dinar (IQD), according to recently analysed financial data. The dataset provided indicates a marginal but remarkable improvement in the IQD''s value, not by leaps and bounds, but with small steps. Starting from 0.00103, the Dinar inched its way up to the maximum of 0.00106 a few times over a three-week period between late March and mid-April 2024. Although this may seem like an insignificant change to the untrained eye, it is noteworthy to remember that in the financial market, even minute changes imply a lot regarding the economic health of a country. This increasing trend could be a precursor to more dramatic increases or might signal stability in the country''s economic climate. Either way, these changes undoubtedly raise crucial questions regarding the possible implications on both a national and global scale. This finding comes as somewhat of a surprise given Iraq’s rough past in the financial world, plagued with bouts of inflation and economic instability. Nevertheless, this steady trend could be indicative of the government''s successful fiscal policies and efforts to regenerate the country’s economy. Additionally, it could be a result of increased foreign investment and confidence in Iraq’s burgeoning markets. Experts believe that if Iraq maintains this uptick and further stabilizes its economic and political scenario, the IQD could see even greater growth in the near future. This would inevitably lead to a stronger position in the global economy and an attractive opportunity for investors globally. However, being cautious must be the name of the game, as predicting financial markets with absolute certainty is notoriously impossible. While the subtle climb in the IQD''s value sparks curiosity and interest, it’s important to recognize that numerous variables affect currency exchange rates, including global events and changing financial landscapes. Overall, this upward trend in the IQD''s value brings a sense of optimism. It tells a tale of a currency that is steadily swimming against the tide and fighting to establish its worth. Whether this uptick will continue is hard to predict, but for now, it deserves recognition and careful examination. Looking ahead, global investors, market analysts, and financial enthusiasts should keep a keen eye on the Iraqi Dinar''s journey. The tiny steps of progress we''re witnessing could be an overture to larger financial symphony, and no one would want to miss the performance.Subtle Upsurge in IQD Exchange Rate Observed Over Three Weeks

Current Middle Market Exchange Rate

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