2024-04-16 Lari News

Summary of Last Month

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Understanding the Overall Trend

The overall trend of the exchange rates indicates slight fluctuation with minor decrement over the period shown. Looking at the time series data provided, it can be gathered that GEL exchange rate has shown a slow yet gradual decrease. However, the changes are not extremely dramatic and the rate seems relatively stable with minor fluctuations.

Seasonality or recurring patterns

As it is a time-series for a day, it might be difficult to ascertain recurring patterns or seasonality within the data. The daily fluctuations seem standard, demonstrating that the exchange rates fluctuate depending on the trading behavior at different times of the day. A more extended time series dataset would be required to confirm any significant seasonality or recurring patterns.

Outliers identification

In a brief inspection of the data provided, no significant outliers were observed. The data seems to huddle around a central range, and does not exhibit a large degree of variation. This shows a relatively stable and ordinary fluctuation of exchange rates for a day period that would be expected in foreign exchange data.

Analysis Summary

  • The overall trend shows minor fluctuation with a slight decrease in the exchange rate value over the time period given.
  • As for seasonality or recurring patterns, it's challenging to ascertain within the provided data as it corresponds to just one day. An extended dataset would be helpful to elaborate on this point.
  • Based on this data snippet, no significant outliers are observed showing standard foreign exchange market fluctuations.

Note: This analysis is based solely on the provided time series data and does not take into account external factors (like market hours, weekends/holidays, financial news or reports etc.) which can have substantial influence on the foreign exchange rates.

ur Trading Session In the busy world of international finance, even a fraction of a percent change in currencies can lead to considerable market shifts. Investors felt this truth firsthand as the Georgian Lari (GEL) underwent several marginal fluctuations across a 24-hour trading period on April 15, 2024. Between the study period''s beginning and end, i.e., 00:00:02 to 23:55:02, GEL showed an overall downward trend. Kicking off at a rate of 0.51511, it fell to 0.51682 by the end of the session, marking a 0.331 percent decrease. In the early hours, the currency experienced an uptick, increasing slightly from its kick-off rate of 0.51511 to reach 0.51535 by 02:15:02. However, this upsurge was short-lived, and the Lari plunged to a 24-hour low of 0.51424 by 08:05:03. The GEL witnessed a steady incline for the rest of the day and peaked at 0.51721 at 22:10:02. The subtle variations across the 24-hour period bring significant implications for traders looking at the detailed micro-changes within the period. The floating exchange rate impacts foreign trade balances, making an export more competitive and imports more expensive. The decline is a potential sign of a stronger economy and lower inflation. Amid economic uncertainties, such fluctuations usually indicate the market''s response to broader economic events, including the country’s economic health, geopolitical news, or changes in interest rates. Further, day-traders, forex traders, and potential investors can use such information to analyze market trends and make insightful decisions. Future implications of these fluctuations matter to the country''s trade partnerships. Companies with transactions in different currencies could use these details to manage their risk and hedge against likely future volatilities. Traders watch these rates to strike when the iron is hot - to buy when it''s low and sell when it''s high. In future, market spectators should closely observe how the Lari performs in response to changes in the world economy and other external factors. Such a watchful approach to following these minute fluctuations can yield considerable insights into the Lari’s underlying strength, its potential for future growth, and how traders can potentially exploit these for maximum returns on the global currency market. As we stride ahead into a new day of trading, these fluctuations emphasise the unpredictable dynamics of the financial market. The challenge lies in transforming these uncertainties into profitable opportunities. Thus, investors should continue vigilantly tracking these changes, ready to strike and capitalise on these movements the moment opportunities arise. The world of finance waits for none, and the swift reaps the benefits.Exchange Rate Sees Marginal Fluctuations in Packed 24-hour Trading Session

Current Middle Market Exchange Rate

For information purposes only.