2024-04-19 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 Analysis

Looking at the data, it is clear that the exchange rates have only experienced a small change over the provided time period, fluctuating in a narrow range from approximately 0.0556 to 0.0559. There are mild periods of increase and decrease, but these movements are relatively minimal, only differing in the fourth decimal place. These fluctuations suggest that the overall trend of the HNL exchange rates is relatively stable, with small oscillations, but without clear absolute increases or significant drops.

Seasonality Analysis

There is no clear seasonal or recurring pattern in the given data due to the data's limited time period - a single day. Normally, for the detection of meaningful seasonal patterns, data on a wider time scale such as months, quarters, or years are required. However, with only 24-hour dataset available, making any conclusions regarding seasonality and recurring patterns in the changes of exchange rates is unlikely and may lead to incorrect conclusions.

Identification of Outliers

The exchange rates provided do not indicate substantial volatility or significant outliers as the values tend to hover around the 0.0558 mark, with only slight changes. A more drastic rise or fall in exchange rate value (e.g., movements to 0.056 or higher, or 0.0555 or lower) would be considered an outlier given this dataset. There is a noticeable small dip to a rate of 0.05559 at "2024-04-18 20:05:03" which, while not necessarily an extreme outlier, marks the lowest exchange rate in the dataset. Apart from this, no significant divergence from the general trend has been noted within this data.

Please note: This analysis was performed in isolation of any external events or factors outside the dataset provided. Including external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports, could provide more depth and insight into this analysis.

Rates In an exceptionally predictable turn of events in the global exchange market, the Honduran Lempira (HNL) has weathered minor oscillations over the last 24-hour trading window, largely maintaining a stable position. The detailed timestamp data provided indicates a steady exchange rate for HNL throughout April 18, 2024. The HNL rate started at 0.05588 at 12:10 am and, after a series of minor fluctuations, concluded the day at 0.05562 at 11:55 pm. Over the course of the day, the tip-top of this exchange rate was 0.0559, coming about at 4:30 am and 5:30 am. The lowest rate, 0.05559, was recorded at 11:05 pm, marking the trading day''s slightest decline. These fluctuations, though minute, are not out of the ordinary. Exchange rates are determined by a plethora of factors, including interest rates, inflation, political stability, economic performance, and speculation. In this case, the overall stability and minor fluctuations suggest a somewhat stable economic and political environment in Honduras. The stability of any currency, and in this particular instance, the HNL, is of significant value to businesses and investors. Stability insinuates predictability, which can be fruitful for businesses to plan their investments, resources allocation, and future strategies. Moreover, it provides an impression of a low-risk environment for foreign investors eyeing potential investments in the country. This performance can be partly attributed to Honduras''s balanced approach towards policy implementation. Proactive economic measures from the government, focusing primarily on maintaining economic stability, have kept different market components smoothly interacting, which reflected in the currency''s positive performance. In contrast, the fluctuation, albeit slight, underscores the dynamic nature of forex markets. It indicates that despite stability, economic factors, both domestic and global, continually influence currency values. It''s also important to remember the primary role of global currency markets as barometers of economic health and stability. The minor fluctuations of the HNL underline this point, reminding us that currency rates are not static, rather continuously responding to a cohort of ever-changing economic factors. Looking forward, it would be crucial to concentrate on how the HNL will perform against other major currencies. Honduras''s economic health, political stability, and policy directions will significantly affect these outcomes. Overall, the stability of the HNL is good news for the economy. Yet, any economic event or policy change, domestically or globally, could disrupt this steadiness. Observers, investors, and traders are advised to keep their eyes peeled for these potential market-moving events. It''s worth remembering that exchange rates, like economies, are fluid, always in a state of flux.Minor Fluctuations Yet Overall Stability In HNL Exchange Rates

Current Middle Market Exchange Rate

For information purposes only.