2024-04-18 Lari News

Summary of Yesterday

  • 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 of the Exchange Rates

The exchange rates (GEL) from 2024-04-17 00:00:02 to 2024-04-17 23:50:02 starts at 0.51959, peaking at 0.52011 before dropping to a low of 0.51690. The rates seem to fluctuate within a relatively narrow band, which implies a relatively stable exchange rate over the period presented. Certainly, there are periods of both increase and decrease, but they do not suggest a clear linear trend within this short timeframe.

Identifying Seasonality or Recurring Patterns

Time-series data is found over a continuous 24-hour cycle, but there seems to be little evidence of daily seasonality. The patterns are quite irregular and do not follow the typical characteristics of seasonality where the pattern repeats at regular intervals, like hourly or daily. However, given the short period this data covers, it may be difficult to conclusively identify seasonal patterns.

Noting any Outliers

In this case, an outlier may be a value that is significantly different from the others within a relatively short time. However, the data given does not seem to show any significant jumps or drops in exchange rates that can be considered an outlier, as the changes are relatively smooth and fluid, without drastic differences.

These observations are based solely on the data provided and it is important to remember the limitations. The data only covers a single day and the exchange rate is influenced by many factors, therefore this analysis may not accurately reflect longer-term trends or patterns.

Summary

In summary, while there are minor fluctuations in the exchange rate throughout the day, there is no significant trend or clear evidence of seasonality present in this data, and no clear outliers are visible. As always, the trends and patterns identified would need to be validated with a longer data range and would need to consider other influencing factors not included in this dataset.

luctuates vastly The Georgian Lari (GEL) has been on a rollercoaster ride in the exchange markets. Data from the last 24 hours points to a sharp fluctuation in the exchange rate. This unexpected volatility promises ominously complex implications for the financial market. The GEL started the day on a mildly optimistic note. The exchange rate at the commencement of the day hovered around 0.51959, exhibiting slight upward movements within the first few hours. This trend was later replaced by decreasing values, showing a decline in the strength of the GEL. The downward trend continued for a modest amount of time, bottoming out approximately at 0.51903. Soon after, the GEL regained some of its lost ground, with the value reaching 0.51951 midway through the day. However, the reprieve was temporary as the Lari made a turn, once more showing a declining trajectory. As the day drew to a close, the exchange value stood at 0.51704 - a lot lower than the opening rate. This unpredictable fluctuation has injected uncertainty into the market, making stakeholders anxious about the future trajectory of GEL. These fluctuations may seem insignificant in isolation, but they have far-reaching effects on international trade, investment decisions, and economic stability. For exporters and importers, this volatility can significantly impact profit margins. For the average consumer, the fluctuating exchange rate may lead to changes in the prices of imported commodities. On the investment front, foreign investors may hesitate to invest in Georgia given the fluctuation risks correlated with their returns. The Central Bank could also come under pressure to interfere to maintain economic stability. Depending on these factors, the GEL''s exchange rate''s continued volatility can have comprehensive implications for the entire country. The main question posed at this point concerns the potential future trajectory. However, the financial market''s uncertainty makes it challenging to design a thoroughly reliable forecast. It''s crucial now more than ever for markets to stay vigilant, given the unpredictable nature of exchange rates. The international financial market clearly faces an era of dramatic fluctuations, emphasizing cautious and informed decision-making moving forward. How the GEL responds to these circumstances is something that should be keenly observed by market stakeholders globally. Ineffable as it might seem, the world of finance does occasionally exhibit these intervals of sporadic volatility. How economies navigate these troubled waters is a testament to their resilience and positions in the global financial landscape. Unpredictability marks the trend as GEL exchange rate fluctuates vastly

Current Middle Market Exchange Rate

For information purposes only.