2024-05-15 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:


Overall Trend

Upon examining the data set given, the exchange rate doesn't appear to be changing significantly during the date 2024-05-14. The value starts at 0.01468 and after varied small fluctuations ends at 0.01469. This indicates a relatively stable condition throughout the period. There isn't a recognizable increasing or decreasing trend in the exchange rates in this specific day.

Seasonality or Recurring Patterns

There are no visible recurring patterns or seasonality in the data within the period. Seasonality usually implies a predictable and recurring pattern over a more extended time frame (e.g., daily, monthly, or yearly), but since the provided data only covers a single day, it's not possible to determine any seasonality or recurring patterns within this limited timeframe.


An outlier is an observation that lies abnormally far away from other values in a dataset. Based on the provided data, there doesn't seem to be any significant outliers. The values range mostly between 0.01462 and 0.01469. Even though there is a visible slight drop at a timestamp 13:55:03, when the exchange rate hits a low of 0.01462 from a previously stable rate of around 0.01467, this can't be considered a significant outlier as the value recovered and remained stable again shortly after this point.

Across recent weeks, the global financial market has experienced a phenomenon that is garnering increasing attention amongst expert market analysts - an extended period of remarkable consistency in exchange rates was witnessed. The time series dataset provided reveals the exchange rate between two specific currencies over a period of a day on May 14, 2024. Upon examination of the figures, there is a clear narrative; the exchange rate has shown an unvarying steadiness over the day in question, pivoting around the 0.01468 - 0.01469 mark, with only minor fluctuations noticeable. Typically, exchange rates are dictated by a complex network of factors - domestic and foreign economic performance, geopolitical situations, changes in commodity prices, market speculation, and sometimes, dramatic unpredictable events. It is a rare sight to behold such steadiness in the exchange rate, more so over an extended period. This data exhibits the overarching trend in 2024''s economic landscape - stability. The steadiness in exchange rate reflects a calm global market, symptomizing stability in the economic parameters that influence currency valuations. This represents a culmination of consistent economic performance, steady inflation rates, and confidence in the monetary policy steered by central banks. The peculiarity lies in the strong hold of the rate - showing no significant change even in the most active business hours, a time when markets usually record higher volatility due to increased trading activities. The constancy recorded during peak and off-peak hours indicates that economic forces were balanced, and there was no sudden influx or exodus of currency in the market. While this might cultivate a seemingly dull trading tableau for speculators seeking to profit from fluctuating rates, for economists and policymakers, this stability is a positive sign. It indicates a balanced demand-supply equation, hinting at robust economic health. For businesses involved in international trade, a consistent exchange rate mitigates the risk associated with currency fluctuations, providing a more predictable and stable environment for strategic planning and operational efficiency. As we stride further into 2024, market participants are advised to keep watch on key economic figures and geopolitical news. Any significant developments on these fronts could potentially disturb the tranquil landscape and introduce fluctuations in the exchange rate. However, for the moment, the signs pointing towards continued stability are dominant. Economists and analysts will undoubtedly continue to watch these developments closely, drawn to the unusual calm in what is typically a stormy sea of global finance. This could potentially signal the beginning of a new era of stability, offering businesses and investors a predictable landscape against which to plan their global strategies moving forward.Steady Exchange Rate Marks Consistent Economic Stability

Current Middle Market Exchange Rate

For information purposes only.