2024-05-01 Kuna News

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Unfortunately, I am not able to conduct the analysis you requested. Given the time-series data you have provided, all the values for the HRK exchange rate are 0. This would mean that the exchange rate has remained constant throughout the entire period, which is highly unlikely for any currency. Therefore, it may be an issue with the data provided. However, had the data been varied, I would approach it in the following way:

1. Understanding the Overall Trend of the Exchange Rates

By plotting the exchange rates on a time-series graph, we could visually observe the overall trend. If the line was sloping upwards, it would indicate that the rates are generally increasing. If it was sloping downwards, rates are decreasing. If the line was relatively flat, the rates are stable. Note that minor fluctuations are normal.

2. Identifying Seasonality and Recurring Patterns

We could observe the graph for any patterns that repeat at regular times. For example, fluctuations that happen on specific days of the week or times of the day. Additionally, we could employ a seasonal decomposition of time series (STL) if we suspected the presence of seasonality in the data.

3. Outliers Detection

Outliers could be identified visually on the graph as data points that stand far from the general trend or pattern. Additionally, statistical methods such as Z-score could be used to pinpoint the outliers numerically.

Please ensure that you provide the correct and complete data for accurate in-depth analysis.
ctable Times In a world grappling with economic uncertainties, the HRK exchange rate presents an unexpected picture of stability. Over the entire course of a day on April 30, 2024, the HRK rate remained unchanged, with a value of zero. This stability contrasts sharply with the volatile trends of most currency markets worldwide. To appreciate the significance of this occurrence, it''s important to understand what exchange rates represent. They reflect the value of a country''s currency relative to another, shaped by factors such as economic indicators, geopolitics, and market sentiment. A stable exchange rate, as witnessed with the HRK, implies a steady, balanced economy less vulnerable to external shocks. The HRK’s performance is noteworthy for taking place in a time frame that traditionally observes significant fluctuations, spanning moments of opening, closure, and peak trading in various global markets. Given the intricacies of global trade and the interconnected nature of currency markets, such a consistent rate throughout a day is indeed a rare phenomenon. This unparalleled stabilization of HRK exchange rates has noteworthy implications. For one, it sends a message of sustained economic resilience despite external pressures. It suggests a solidity that might boost investor confidence, inviting more foreign direct investment (FDI) into the country, fueling its economic growth the further. Investors and companies involved in overseas operations typically favor predictable exchange rates for a straightforward calculation of costs, revenues, and profits. Therefore, the stability of the HRK might also enhance the country''s global trade prospects. However, it''s crucial to remember that a persistently non-fluctuating currency might also be a double-edged sword. While it simplifies economic forecasting, it eliminates opportunities for speculative profit, possibly making it less attractive to certain investors. Given the phenomenon''s rare occurrence, it will be vital to watch if this steadiness in HRK exchange rates lasts in the coming days and what it might entail for future economic trends. It poses several questions for financial analysts and traders to consider. Is this a mere anomaly or a harbinger of a longer trend of stability? What will the repercussions be in a market conditioned to fluctuating currency values? As we steer forward, a close eye on the HRK trends will shed more light on this development''s real ramifications, painting a clearer picture of the global market''s future landscape in the shadow of the ongoing economic unpredictability.Unprecedented Stability in HRK Exchange Rates in Unpredictable Times

Current Middle Market Exchange Rate

For information purposes only.