2024-04-16 Malagasy Ariary 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:


1. Understanding the overall trend of the exchange rates

Upon looking at the data, the trend of the exchange rate for the date 2024-04-15 shows a minimal yet significant change throughout the day. The exchanged rate stayed at value 0.00031 for almost three quarters of the day, and then the rate increased to 0.00032 which lasted for the next quarter of the day. Unexpectedly, the last few exchanges again recorded the same exchange rate as earlier i.e., 0.00031. Therefore, it's safe to infer that the exchange rate is mostly stable with minor fluctuations observed.

2. Identifying any seasonality or recurring patterns in the changes of exchange rates

Observing for any seasonality trend or recurring pattern, we will have to observe the data at specific time intervals over a larger period. However, for the data provided for a single day, we can see that there's a small increase in exchange rate around 09:15 am and it stays elevated till around 20:00 pm. Afterwards, it reduces to its original rate again. This indicates some form of daily recurring pattern, possibly explained by increased activity during day hours.

3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality

Given the consistent data entries and a relative stabilization in the exchange rate, no concrete details about outliers can be discussed. The range of the exchange rate slightly fluctuates between 0.00031 and 0.00032 only. Hence, there are no such instances where the exchange rate differs drastically than expected.

It's crucial to note that our analysis is based strictly on the data provided and does not consider external factors like market timing (Opening/Closing hours), weekends/holidays, or the release of significant financial news and reports. A complete and accurate understanding usually involves the careful consideration of these aspects along with the data trend analysis.

To summarize, the exchange rate for the given day seems pretty stable with a minor fluctuation around 09:15 am. There are no substantial outliers, and the data seems consistent.

ty Over 24-hour Window In an intriguing display of economic stability, the exchange rate of the Malagasy Ariary (MGA) maintained a consistent position through a twenty-four-hour period on 15th April 2024, according to recent time-series financial data. The MGA, as per the data, stood unwaveringly at 0.00031 throughout the day, showcasing a peculiar stability in this volatile domain of financial exchanges. In the era of rapidly fluctuating global currency markets, such uninterrupted persistence is nothing short of extraordinary. This observation was derived from a meticulously documented timestamp dataset, tracking the performance of the MGA against an undisclosed foreign currency, from the start of the day right up to midnight of the same day. Historically, exchange rates are subject to changes influenced by a wide array of factors including economic indicators, geopolitical events, and trade balances. Therefore, the constancy demonstrated by the MGA sparks intriguing questions about the economic environment encapsulating it in the surveyed period. The analysis of this data provides an invaluable perspective, highlighting the steady behavior of the currency market, particularly focusing on the MGA. This robust stability could be indicative of a robust foreign exchange policy, strict central bank controls, or a potential peg to another currency. In the broader economic context, such steadfastness offers a degree of predictability, a state highly appreciated by investors and businesses. For foreign investors, a stable exchange rate decreases the risk of losing money due to currency depreciation, inviting a conducive environment for external investment. From a trade viewpoint, importers and exporters also benefit from exchange rate predictability, as it provides them with the confidence to engage in foreign trade without the fear of sudden financial loss triggered by currency fluctuations. Despite its inherent benefits, prolonged currency fixation could be symptomatic of a lack of responsive monetary policy, which in turn might hinder the adaptive capacity of the economy to global economic changes. It would be insightful to examine the match between this exchange rate stability and the performance of Madagascar''s macroeconomic indicators. Looking forward, market watchers and economists would be interested in examining whether this stability will endure, or if this is simply the calm before a stormy fluctuation phase. Should there be a presence of a potential peg with a foreign currency, the health of the MGA may be tied to the fortunes of that currency, shifting the focus to the global market trends. To conclude, the observed stability in the MGA exchange rate was a standout financial occurrence. Whether this is to Madagascar''s advantage or merely a buildup to an economic alteration, only time will tell.Unchanging MGA Exchange Rates Display Remarkable Stability Over 24-hour Window

Current Middle Market Exchange Rate

For information purposes only.