2024-04-29 Kuwaiti 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

Overall Trend Analysis

By examining the data set, it is noticeable that the exchange rates (KWD) have witnessed a general trend oscillating up and down over time. However, identifying a precise overarching pattern - an increase, decrease, or stability – from the raw data is relatively challenging without further refining and examination. It would be beneficial to develop a line graph to visualize this data and better grasp the overall trend.

Seasonality Analysis

Given that the data is collected hourly throughout the week, it can be said that it provides a good opportunity to identify potential patterns or regular fluctuations - seasonality - concerning the hours of days or the days of weeks. However, any potential monthly or yearly seasonality can't be discerned from the dataset as it spans a relatively short period (less than a few weeks). Thus, drawing conclusions about broader temporal (seasonal) cycles in exchange rates may be limited with the existing dataset.

Outliers Analysis

By examining the dataset closely, we can see a few points where the exchange rate spikes up or down significantly, potentially indicating the presence of outliers. However, without detailed statistical analysis, it is hard to determine which deviation is significant enough to be flagged as an 'outlier'. More in-depth statistical tests like the z-score (standard deviation) method, or visualization techniques i.e., Box-plots can be useful for identifying outliers.

Key Observations

Though a comprehensive pattern is not explicitly discernible from the given data, a few observations can be made. Unlike financial markets that have predictable opening and closing hours that can have a significant influence on exchange rates, these digital currencies are traded 24/7. As a result, the impact of weekends/holidays or specific market hours might be less sharp or noticeable.

The raw data doesn't show considerable volatility where the rate would significantly shoot up or down within short time intervals. At first glance, it seems like the rates are broadly hovering between 4.39-4.48 with minor fluctuations. However, an in-depth statistical study could give more grounded insights regarding the pattern, volatility, and anomalies.

It's also important to note that the data is likely impacted by several other factors we can't discern from these figures alone. These elements might include geopolitical events, monetary policy changes, broader economic indicators, etc., which can dramatically impact exchange rates.

tion within Weeks The ever-evolving financial landscape was nothing short of dynamic in the past few weeks, primarily marked by the KWD (Kuwaiti Dinar) experiencing significant fluctuations. This erratic behavior was borne witness through a time-series dataset revealing changing exchange rates at varying timestamps. From March 29, 2024, to April 26, 2024, the value of KWD fluctuated significantly, starting at 4.40542 on the former date and touching a low of 4.43282 on the latter. In between, the exchange rate saw significant ups and downs, landing at its highest value on April 12 at 4.47606, illustrating the volatility of the market during this period. This dramatic fluctuation in the exchange rate of KWD within a month can be attributed to a plethora of variables such as global economic indicators, geopolitical tensions, and domestic financial policy changes or announcements. The data pattern reveals that currency markets were heavily impacted by forces beyond their boundaries, resonating with the globalized nature of today''s financial markets. Understanding these trends is crucial as frequent variation in exchange rates creates uncertainty for both investors and businesses who deal with international transactions or investments. This could increase the cost of hedging for businesses while posing potential risks and rewards for speculative investors in the forex market. The timeline reveals a clear upward trend in the exchange rate from April 10. This period signifies the bullish phase for KWD, which lasted till April 16. This trend might be seen as a result of strong market sentiment or positive economic data within the country. Following this surge, the currency seemed to have cooled down, indicated by the gradual decline in the rate till April 26. Looking at the broader economic landscape during this period, it can be hypothesized that the bullish phase could be tied to a robust economic announcement or political stability that Kuwait might have experienced. On the flip side, the downturn could be a result of market corrections after the bullish run or because of some negative news. The importance of such substantial exchange rate shifts extends beyond traders and businesses. They also significantly impact the relative price of the exports and imports of the country. An appreciation of the KWD might make the exports more expensive, affecting the competitiveness of Kuwait on the global map. Looking forward, stakeholders should monitor these unpredictable shifts in the KWD exchange rate. The data strongly suggests that planning ahead based on possible trend predictions could minimize losses or harness potential gains. In an era of economic interdependence, keeping track of these rapidly changing international financial indicators is crucial. Managing and predicting currency risk is essential, and future economic, political, and even climatic events can significantly impact exchange rates. Historical data, coupled with expert analysis, can indeed shine a light on what we might expect, preparing us for the inevitable ups and downs in this roller-coaster ride of currency exchange rates. Volatile KWD Exchange Rates Witness Significant Fluctuation within Weeks

Current Middle Market Exchange Rate

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