2024-05-21 Lek News

Summary of Last Month

  • 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

Upon examining the dataset provided, the general trend of the exchange rate over the period seems to be relatively stable. The value hovers between 0.01473 and 0.01476 throughout, with no drastic jumps or drops recorded. The highest rate recorded is 0.01476, and the lowest is 0.01471. The differences between rates at different timestamps are minute, indicating a fairly steady exchange rate throughout the day.

Identifying Seasonality or Recurring Patterns

Regarding seasonality or recurring patterns, due to the dataset's limited scope (just one day of data), discerning any significant seasonality would be challenging. It would require data from several analogous days, weeks, or even months for more conclusive identification of seasonal trends. Nonetheless, there does appear to be minor fluctuations occurring during different times of the day, with slight increases and decreases, hinting at a possible daily pattern of exchange rate changes. Nevertheless, further data would be required to confirm this.

Noting Outliers or Significant Deviations

In the context of the provided dataset, there are no outliers or significant deviations from the expected exchange rate based on the trend. The exchange rate remained remarkably stable throughout the day, with only minor fluctuations in the fourth decimal place. Such a deviation is typical in foreign exchange rates and doesn't signify an aberration.

It's important to note that this analysis does not take into account any external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. These are important determinants of exchange rates and can cause significant changes. Hence, for a comprehensive analysis, such factors should ideally be considered.

Late Hours In a perplexing display of financial movement, monitored exchange rates have exhibited steady growth with minimal volatility over a specific timeframe. The provided data, time-stamped and dated 20th of May, 2024, shows incremental changes occurring every few minutes in the All Exchange Rate (ALL). The steady increase started opening the day at 0.01473 from midnight to around 7:58 a.m. when the rate decreased to 0.01472. From then, the rate bounced back to 0.01473 at about 10:05 a.m. and held through until around 11:20 a.m when it escalated to 0.01474. The rate held steady for a lengthy spell with minor fluctuations until around 4:30 p.m; there was a another slight uptick to 0.01475, building up gradually to 0.01476 at 4:30 p.m. The rise of 0.01476 was the pinnacle of the day and lasted for approximately two hours. After the peak, the rate activity witnessed minor downward flux, alternatively hovering between 0.01474 and 0.01475. Remarkably, the rate remained somewhat stable across the day, except for the peak at approximately 4:30 p.m. and minor fluctuations. Focusing on these incrementally fluctuating ALL rates might seem like nitpicking over small figures, but in the realm of time-series financial data, these fluctuations, however minute, are crucial to understanding market trends and economic signals. To evaluate the significance of this trend, it''s important to note that even slight shifts in exchange rates can greatly impact international trade, spending, and inflation rates. As ALL exchange rate increases, importers'' expenses also rise, affecting businesses, and thus, the country''s economy. While these observed movements are minute, they indicate a potentially rising trend of the current market or reflect economic stimuli affecting the market. It''s worth noting that this dataset seems to mirror global trends. The inter-ministerial activity of foreign currencies often syncs to a pattern that reflects stability in the morning hours, turbulence, and unpredictability in the close of business hours. However, economic factors, geopolitical events, or market speculation could also influence these fluctuations. While understanding these shifts, investors, businesses, and the government should be prepared for potential dramatic spikes. Although this report shows moderate fluctuations in a day''s period, high-frequency trading activity is a reality of modern markets. Between the lines, these movements allow observers to forecast trends effectively, guide decision-making in economic policies, or offer invaluable insights to anyone interested in currency markets. These datasets tell the story of real-world, real-time market changes down to the smallest detail. As we look forward, it will be significant to monitor these rates over an extended period, take note numerous factors influencing this steadiness, and prepare accordingly. This data is a clear signal that the world of exchange rates is moving fast, and one must always pay attention to remain ahead in the financial world.Steady Rise in Exchange Rates Spots Slight Volatility in Late Hours

Current Middle Market Exchange Rate

For information purposes only.