2024-04-19 Lek 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

Overall Trend

Looking at the data, it appears the exchange rate has remained relatively stable within the boundary of 0.01442 to 0.01449, with few exceptions. There are minute fluctuations recorded across the timestamp, but no significant increase or decrease is observed over the entire period shown. The overall trend, therefore, seems to be of a somewhat stable or flat nature.

Seasonality

For the dataset given, a clear seasonality or recurring pattern is not immediately discernable, likely owing to the fact that the fluctuations in the exchange rates are minimal and the time span is relatively short - within a single day. While financial data often exhibits seasonality on a larger scale - such as on a quarterly or annual basis due to cycles in the economic activity, nothing conclusive can be derived from the given dataset within the given short frame.

Outliers

Given the minute variation in the recorded exchange rates, any values falling exceptionally outside the observed range of 0.01442 to 0.01449 could be considered as potential outliers. For instance, the values of 0.01448 and 0.01445 might be noteworthy as potential outliers as they represent moments of relative lows and highs during this period. However, in the context of such small fluctuations, these might not be significant outliers.

Please note that this analysis treats every data point in isolation and doesn’t consider temporal context i.e., the sequence in which the values appeared. That said, true outliers are best determined in the context of their associated temporal sequences and it's important that an outlier analysis approach is used that takes this context into account.

In conclusion, this time series data presented a relatively stable exchange rate with minute fluctuations. While no significant seasonality could be discerned from this dataset within the confined time period, potential outliers identified could be used for further investigation.

er 24 Hours The financial market witnessed steady exchange rates, as rates oscillated within a tight range for an entire 24 hours on April 18, 2024. The exchange rate, denoted as ''ALL'', stayed remarkably steady, portraying a sight unusual for the normally fluctuating financial market. The exchange rate started at 0.01442 at the stroke of midnight and remained steadfast for half an hour, then saw a marginal dip of 0.00001 over the next five hours. The trend of tiny fluctuations continued throughout the day before peaking at 0.01449 towards the end of the day and then plunging to 0.01444 by midnight, marking a miniscule overall change of 0.00002. This somewhat flat day in the market is a rarity, considering the general nature of financial markets, where exchange rates typically sway according to economic variables and geopolitical events. Yet, on April 18, it appeared almost as if the exchange rates were on a leashing tether, unfazed by external influences. The natural query stems from why the exchange rate might have remained so persistent. Several factors can induce such moments of steadiness - from governmental controls to the absence of significant economic happenings, or even a major balance between buying and selling pressures. The impact of such trivial fluctuations in the market generally doesn''t tend to weigh on the economy heavily. Nevertheless, it brings into question what such stability might proffer for the future. If the trend persists, it could signify a more predictable exchange market, reducing investment risk. On the other hand, the stagnation might exhibit a countdown to a major financial event. Given these premises, it''s considerably imperative to look at the broader picture. Are these the signs of a calm before a storm or just a fleeting moment of tranquility in a typically turbulent market? Though the changes were minute, they could point to larger shifts in the financial landscape that warrant close attention. While this occurrence might not catalyze drastic changes in financial tactics for businesses or individual investors, it still accentuates the importance of continuously staying abreast with market movements. Despite the tranquility, investors and businesses must remain cautious regarding the potential for upcoming fluctuations. In the coming days, market watchers should keep an eye out for any further stagnation or sudden changes, as these could hint at underlying economic trends. In the ever-changing world of finance, keeping updated with such details can provide a strategic edge, guiding informed decision-making amid the complex economic landscape.Unswerving Exchange Rates Display Minimal Fluctuation Over 24 Hours

Current Middle Market Exchange Rate

For information purposes only.