2024-04-18 Lempira 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 of The Exchange Rates

Upon analyzing the given time-series data, it appears that the overall trend in the exchange rates is quite stable, with minute fluctuations occurring throughout the course of a single day. The exchange rates range between 0.05572 and 0.05602, showing a low level of volatility in this dataset.

Seasonality or Recurring Patterns

On a close look at the data, no clear seasonality or any specific recurring patterns can be identified within the time frame given in the dataset. The changes in rates occur inconsistently, showcasing a random walk pattern rather than a seasonal one.

Identification of Outliers

Given the brief analysis conducted and the particularities of the dataset, no crucial outliers were identified. The exchange rates tend to sit within a minuscule range throughout the dataset, and there aren't many instances where the exchange rates differ significantly from the rest of the data. Critical market events that could cause such anomalies were not to be considered in this analysis. Hence, our focus was strictly on the numbers provided in the dataset.

However, it's important to note that for a more comprehensive study, this output should ideally be complemented with graphical representations like trend lines or box-plots, among other statistical measures.

a surprising turn of events, the Honduran Lempira (HNL) exchange rate has encountered minuscule fluctuations over a course of time. These minor yet potentially influential changes were most recently noted on April 17, 2024. Within the initial hours of this 24-hour timeframe, the HNL rate experienced a very subtle but steady rise. Kicking off from an initial figure of 0.05596, it gently crescendoed to a high of 0.05602 before a temporary dip, recovering yet again with a gradual incline to reach its peak at 0.05602. However, the peak was short-lived, and the value started to drop, slowly but consistently. Sliding to a low of 0.05581 by mid-afternoon, the decline, though minimal, was steady, hinting at a slight instability within the early-to-mid portion of the currency''s trading day. It wasn''t until later in the evening that the HNL rate demonstrated an unexpected upswing. From a decreased value of 0.05573, which persisted for some time, the HNL rate picked itself once again to climb to an impressive 0.05596, exhibiting remarkable resilience in face of market variables. But as night further fell, the rate tapered off gradually yet again, ending the day at a subdued 0.05587. These subtle fluctuations, however small, are pivotal to traders who operate on minor currency changes and thus make a significant impact on daily trading activities. Analyzing further, the trend of fluctuation remained steady throughout the day, never stepping too far out of the initial range. As such, while changes were observed, the HNL remained relatively stable, with a consistent seesaw of gradual highs and lows but no dramatic spikes or plunges. The importance of these figures lies in the ability of traders and companies alike to harness these subtle market changes to their advantage. Given the globalized economy that we operate in today, even these minute fluctuations in exchange rates could result in a potential impact on how international trading operates. As we move forward, one can only remain expectant of the possible upcoming trends and shifts in the HNL exchange rate. Market watchers are interested to see if these fluctuations will continue in their pattern, or if we will witness a more significant shift in the rate, offering either potential advantages or challenges for those who deal in this currency. Overall, these fluctuations in the HNL exchange rate, while small, hold the potential to significantly impact both short-term traders and long-term investors'' strategy, reminding us once again of the intricate and interconnected webs of our global economic system. Minor Fluctuations Spotted in HNL Exchange Rate

Current Middle Market Exchange Rate

For information purposes only.