2024-05-13 Lempira News

Summary of Last Week

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
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  • Difference of Daily High & Low:

Statistical Measures

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Trend

Overall Trend in Exchange Rates

The data provided is from April 12, 2024, through May 10, 2024. During this period, the overall trend of the HNL exchange rate appears to fluctuate with minor ups and downs but remains fairly stable, with a slightly downward trend. The exchange rate seems to oscillate within a range, with the maximum rate reaching approximately 0.05604 and the minimum rate around 0.05503.

Seasonality and Regular Patterns

With the data at hand, no clear recurring patterns or seasonality can be observed in the fluctuations of HNL exchange rate. A more granular data, preferably hourly, or a more extended period may be required to accurately determine any presence of seasonality or cyclical trends. However, we can find intermittent points where the exchange rate increases or decreases for a short spell before returning to the proximate initial value, suggesting potential intra-day volatility.

Outliers in Exchange Rates

The smallest value of the exchange rate during this period is 0.05503, and the maximum is 0.05604. These extreme values do not deviate significantly from the overall exchange rate trend in the dataset and are not high enough to be considered outliers. However, one can observe short-term peaks (e.g., around April 16) and troughs (e.g., towards April 29, May 9), which could be indicative of abrupt shifts in the market. Yet, these fluctuations seem to be part of regular modifications, rather than exceptions or anomalies.

It's worth noting that this analysis is purely descriptive and doesn't take into account potential influencing economic factors or external events, which could potentially affect the exchange rates.

o-Week Period The performance of the Honduran Lempira (HNL) has experienced notable fluctuations over a two-week period, according to recent market data. Commencing from April 12, 2024, the exchange rate has been monitored consistently against a corresponding currency, showing movements that are of interest to currency traders and economic observers alike. The data presents an ebb and flow pattern that paints a picture of a fluctuating currency market during the period under review. On the morning of April 12, 2024, the exchange rate stood at 0.05557, witnessing a marginal increase up to a peak of 0.05604 on April 16, 2024. However, the exchange rate endured a continual drop until it reached 0.05526 by April 23, 2024, hinting at market uncertainties. The oscillating trends exhibited in the HNL exchange rates bring forth the dynamic nature of currency markets and their susceptibility to varying economic influences. This seesaw pattern can be attributed to multiple geo-economic factors like prevailing market sentiments, speculation, changes in foreign currency reserves, and other macro-economic indicators. Such rate volatility inevitably impacts those dealing in foreign exchange - from large-scale investors and business owners who deal with international trade, to the average holiday-goer planning a trip abroad. Currency values and their changes are one part of the financial world that almost every individual across the world is directly or indirectly affected by. The data also shows that the fluctuations weren''t wild or erratic, but rather seemed to follow a general pattern, painting a consistent picture of the ongoing interaction of supply and demand in the foreign exchange market. While the highest exchange rate stood at 0.05604, the lowest saw the figure dropping down to 0.05503 as of April 29, 2024. Following the drop, a short-lived bounce-back became evident with the figure hitting back to 0.05575 on May 9, 2024, suggesting a potentially stabilizing market. Going forward, investors and subscribers of Honduran currency will keenly watch the pattern and performance of the HNL. Predicting future trends would require further analysis and acumen. Understanding the implications of the rate fluctuations on businesses, investments, tourism, and the common man''s pocket would require even more insight from economists and market experts. As the world moves into another week of financial activity, all eyes will certainly be on the HNL and other currencies of its ilk, keenly observing how the exchange rates play out. It remains to be seen what new picture the next set of figures will paint, and how markets respond to ever-evolving global economic realities.Marked Fluctuations Highlight HNL Exchange Rates Over Two-Week Period

Current Middle Market Exchange Rate

For information purposes only.