2024-04-30 Lempira 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

Overall Trend

Looking at the provided time series data, the overall trend of the exchange rates from 2024-04-29 00:00:02 to 2024-04-29 23:45:02 seems to be increasing gradually over the period. The rate starts at 0.05516 and ends at 0.05539, indicating an upward trend. There are minor fluctuations throughout the day, but the general trend is upwards.

Seasonality or Recurring Patterns

Given the one-day limited dataset, it is challenging to determine seasonality or recurring patterns accurately in the changes of exchange rates. Typically, such patterns require data over extended periods, such as multiple months or years. However, there seem to be times throughout the day (around 15:15, 20:05, and 22:15) where the rate spikes more sharply, but further data would be required to establish any recurring patterns.

Outliers

There are no apparent notable outliers or instances where the exchange rate differs significantly from what would be expected based on the trend. The biggest jump in the exchange rate can be seen at 20:05 from 0.05506 to 0.05532. This appears to be the most significant deviation from the mean throughout the day. However, without additional context or data, it is hard to pinpoint this as an actual outlier.

Trend in HNL Taking a deep dive into the financial waters, we observe an intriguing and significant fluctuation in the HNL’s exchange rate. Analyzing the time-series data for April 29, 2024, reveals a slightly bullish surge highlighting a positive trend for the Honduran Lempira. The exchange rates commenced from a humble rate of 0.05516 at precisely midnight to a peak of 0.05539 towards the day''s end. A careful synthesis of this dataset unveils that the Lempira started its upward journey from the 0.05518 range, stealthily inching forward in the wee hours of the morning. This nocturnal progress charted a consistent climb up the ladder, hitting 0.05523 at around 1:30 am. Following the steady rise, the bull run continued throughout the day with minor ups and downs contributing to the fluctuating landscape of the currency market. While the overall process may appear relatively minute in isolation, it gains significance when positioned in the broader context of international finance. Each fraction of increment in the exchange rate forecasts and impacts the international trade balance, overseas investment, and more notably, the value of domestic currency in the international market. Although the Lempira’s value against other currencies isn’t typically the focal point of global economic discussions, these slight ticks upward may carry significant implications for businesses and investors dealing with Honduras. Notably, investors seeking beneficial currency trading opportunities might perceive this bullish trend as a signal for potential profit. Additionally, companies using the HNL for international trade might also find an improved bottom-line due to the positive trend. This overnight bullish surge of the HNL had a noteworthy upward run, reaching its peak at 11:10 pm with a rate of 0.05539. While the difference may appear fractional to the untrained eye, in the realm of international finance, this trend exemplifies significant progression. Nevertheless, the world of finance is notoriously unpredictable. The dawn might witness a price correction bringing the HNL down from its peak or this surge could motivate a stronger bull run. Keep an eye out for our next in-depth analysis to stay ahead in this ever-evolving world of international finance.Overnight Exchange Rate Fluctuations Indicate a Bullish Trend in HNL

Current Middle Market Exchange Rate

For information purposes only.