2024-05-06 Lek 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:


Overall Trend of the Exchange Rates

Looking at the provided data, it appears that the exchange rates have a stable trend over the period with only slight fluctuations. The values are generally kept within a range of 0.0143 to 0.0146, and while there are minor increases and decreases, the rates don't vary widely and tend to return to a stable level. The value seems to have marginally increased over time but it's within a very small margin. Thus, the exchange rate can be considered relatively stable over the time period.

Seasonality or Recurring Patterns

Identifying a clear pattern or seasonality within time-series exchange rate data can be complex due to the various factors influencing exchange rates. Observing the given data, a clear seasonality or regular recurring pattern is not immediately visible. The exchange rates show minor fluctuations throughout the day, but these do not appear systematic or predictable which might be due to the fact that exchange rates are influenced by a myriad of factors which are not considered in this analysis.

Identification of Outliers

In the provided dataset, no significant outliers have been identified. Although there are slight fluctuations in the exchange rate, all the recorded rates fall within a very close range of each other. No values diverge significantly from the general trend, suggesting that during the time frame considered, the exchange rate did not experience any drastic or abrupt changes that could be classified as outliers.

Remember, this is a simplified analysis purely based on the given dataset. In a real-world context, formal statistical tests would be conducted to more accurately analyze the trend, seasonality, and presence of outliers in exchange rate data.

period The exchange rates for an undisclosed currency have been displaying slight changes over the past fortnight, according to the latest financial data analysis from April 5, 2024 to May 3, 2024. The nominal rate of the currency demonstrated minor fluctuations during these two weeks, oscillating between 0.01433 and 0.01469. The data captured during various timestamps suggests a stability in the currency''s value against, presumably, another currency, with no drastic shifts recorded within this timeframe. From April 5 to April 8, the exchange rate lingered at a consistent rate of around 0.01437, showcasing the currency''s stability in the early week of April. A similar pattern was observed in the latter half of the month, from April 22 to April 25, again indicating a measure of monetary solidity and predictability within this currency''s performance in the marketplace. Nevertheless, come April 10, there was a noteworthy increase where the rate peaked to 0.01461, marking the highest value within the given period. Subsequently, a steady minor drop was noticed over the next week taking the rate down to 0.0144 on April 17. This reduction was short-lived as the rate climbed back to 0.01458 on April 25, signifying the currency''s resilient performance amidst market changes. This ascend soon decelerated with the rate dropping slightly to 0.01451 on April 29. Following this, a swift rise was recorded on April 30, reaching a high of 0.01468, just a shy away from the previous peak. However, moving into May the currency rate experienced a minor dip settling around 0.01459. The present analysis indicates two undeniable peaks during the sample period where the currency has shown strong performance, yet the overall trend remains consistent, pointing to minimal volatility. The constant ebb and flow demonstrate the currency''s inherent resilience and measure of predictability that could induce investor confidence for both current holders and potential investors. Economists and market analysts might interpret these fluctuations as responses to local and global economic events or changes in monetary policy, underlining the interconnectedness of currency exchanges with broader financial markets and macroeconomic variables. It is important for investors and financial planners to stay alert to these moderate swings, as they could signal potential trends and investment opportunities. Monetary authorities might leverage these insights to manage exchange rate risks and devise effective monetary strategies. Looking ahead, any upward or downward trends in the exchange rate will largely depend on various local and global economic indicators. Investors and financial strategists are advised to keep a close watch on any major development in macroeconomic policies, as well as domestic and international market dynamics that could sway the currency''s stability in the coming weeks.Exchange Rates Show Moderate Fluctuations over Two-Week period

Current Middle Market Exchange Rate

For information purposes only.