2024-04-26 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

Based on the provided dataset and timestamps, your exchange rates slightly fluctuate over time. The numerical values show small to negligible decreases or increases every time interval and there is no major significant increase or decrease noticed. The exchange rate started from 0.5099 at initial time and went to 0.5094 by the end, this gives somewhat a negative slope.

Identifying any seasonality or recurring patterns in the changes of exchange rates

It's a little challenging to spot any recurring patterns or seasonality just from this set of numbers without a chart or without aggregating and analysing the data at a larger time scale like per hour or per day. However, as per the provided data we can observe that there are minor fluctuations observed in the exchange rate and it oscillates up and down within a definite small range. This can potentially be a hint of some seasonality but it's not clear-cut without conducting a more thorough time series analysis.

Outliers in the Dataset

Overall, the dataset seems consistent and the value fluctuations are within a small range. Hence, it's hard to pinpoint any specific outliers based on the current dataset. The variations in the data seem to be sticking to a similar scale and perturbations, thus indicating lesser chances of unusual outliers.

Additional Factors

External factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports can considerably impact exchange rates, inducing irregular fluctuations or extreme outliers in the data. However, in absence of these external factors or specific instructions about considering them, the analysis was done only on the basis of the numbers provided in the dataset.

Please do note, for a more precise and detailed analysis, visualization of the trend and deploying some statistical analysis techniques could be necessary and beneficial.

edictable Market Financial markets experienced a rollercoaster ride on April 25, 2024, as Gel exchange rates witnessed significant fluctuations, bringing an element of uncertainty into global economical outlooks. The day started at midnight (EST) with a Gel exchange rate of 0.5099 which slightly increased to 0.50997 within five minutes. For the first hour, the rate fluctuated minimally, maintaining an average of 0.5099. However, as the day progressed, the rates began to fluctuate more significantly, dropping to a low of 0.50934 around 03:15 and then gradually recover to a high of 0.51123 by 08:15. This exchange rate turbulence reflects the uncertainty embroiling financial markets globally. While the reasons behind these drastic spikes and dips are multifaceted, the overarching theme is market volatility primarily driven by inflation fears, geopolitical tensions, and volatile commodity prices. The drop in Gel exchange rates in the early hours represents a potential signal of the impact foreign exchange market processes have on currency value. Conversely, the rebound later in the morning highlights how market stabilization measures can restore value swiftly. The potential implications of these market fluctuations are significant. Importers and exporters dealing in Gel can expect costs to rise due to the increasing unpredictability of the exchange rate. Moreover, the volatility could hamper investor confidence, leading to a slowdown in economic investments and potentially impacting growth rates. There are several key takeaways from these developments. Firstly, financial actors need to adapt to a more volatile and unexpected market environment. Various risk management strategies, such as hedging and diversification, should be applied more exhaustively to mitigate financial risks. Secondly, regular monitoring and analysis of currency fluctuation data become ever more critical. Utilizing time-series data offers valuable insights into potential currency trends and aids in making informed financial decisions. Looking ahead, the market awaits the upcoming Monetary Policy review, which would give further directions for Gel exchange rates. The interplay of these factors in the future will continue to shape the Gel exchange landscape for both domestic and international stakeholders. To conclude, while the Gel exchange turbulence may seem worrisome, it serves as a potent reminder to investors and financial stakeholders about the importance of staying abreast with market trends. In the ever-evolving landscape of financial markets, adaptability and vigilance remain key.Significant Fluctuations Mark Gel Exchange Rates In Unpredictable Market

Current Middle Market Exchange Rate

For information purposes only.