2024-05-20 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:

Trend

Trend Analysis

The timestamp and exchange rate (ALL) data provided shows a slight upward trend over the given period. This is evident as the rates rarely drop below 0.144 and gradually increase towards the 0.147 mark by the end of the period. However, the increases are not significant and largely incremental. Despite the upward trend, the exchange rate largely remains stable, with a slight inclination toward growth.

Seasonality and Recurring Patterns

In regards to seasonality or recurring patterns, the data appears to lack a clear cyclical pattern. The rates do not show consistent peaks or troughs at regular intervals, which might be expected in the presence of a clear seasonal pattern. However, there is a relative stability, with slight intermittent fluctuations.

Outliers Analysis

There are few distinctive outliers in this dataset where the exchange rate deviates significantly from the average or expected value based on the overall trend. Interestingly most outliers are instances of higher, rather than lower, values. However, these deviations are short-lived and quickly return to rates that align with the overall pattern.

Summary

  • The trend of the exchange rates over the given period tends to be slightly increasing but mainly stable.
  • No clear seasonality or recurring patterns can be observed in this dataset.
  • There is presence of few sporadic outliers where the rates are higher than usual.
It's important to note that while this analysis provides an overview of the historical trend, seasonality, and outliers in the data, it cannot predict future changes in exchange rates due to potential unforeseen factors impacting the rates.
omic Stability? The recent data analysis of exchange rates indicate a very significant trend within the financial market. According to the time-series data provided for the exchange rates, there has been a consistent and gradual increase in the ALL exchange rates from April 19, 2024, to May 17, 2024. At the onset of this period, the exchange rate started at an ALL of 0.01443 and ended at an ALL of 0.01479. Although the increment might seem minuscule to the untrained eye, these slight fluctuations in the exchange rate carry a substantial amount of weight in the global currency market and the overall economy. This shift in the exchange rates indicates a potentially stronger position for the national currency in the country''s market. The consistent increment shows a possibility of an increased demand for the national currency, underscoring an optimistic economic sentiment that can eventually lead to a stronger and more stable economy. As the data reveals, the exchange rate remained steady for most of this time frame, rarely deviating more than 0.00002-0.00005 points from day to day. Although seemingly modest, such stability in the exchange rate signifies that the monetary policy devised by the country''s central bank is effective in maintaining a balanced rate of inflation, contributing to a healthier economic landscape. The rise in the exchange rate also insinuates that the country''s exports could be seen as more attractive on the international market. The earnings from these exports could stimulate an upward trajectory for the country''s GDP, thereby increasing the country''s economic wealth. However, while a rise in the exchange rate appears beneficial leading to a surge in the country''s economic growth, it''s important to consider the potential drawbacks. A higher exchange rate could potentially lead to a reduction in the competitiveness of the home market, which may affect the balance of trade negatively. Looking forward, observers and analysts must closely watch these developments and shifts in the exchange rates. Continued stability would suggest that the economy is maintaining its course, while any sudden changes might be a signal for economic turbulence, requiring intervention by the relevant financial authorities. In conclusion, although these findings reflect positively on the state of the economy, they serve as a reminder that the economic landscape change rapidly, and such changes can have widespread effects. For now, we can appreciate the steady increase in exchange rates, but we''ll remain vigilant, watching for what lies ahead in the complex world of financial markets. Steady Rise in Exchange Rates Noticeable- A Sign of Economic Stability?

Current Middle Market Exchange Rate

For information purposes only.