2024-05-06 Malagasy Ariary News

Summary of Last Week

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Overall Trend Analysis

Upon analyzing the data provided, it is evident that the MGA exchange rate has mostly remained consistent over the period shown in the data. From 2024-04-05 to 2024-04-29, the exchange rate was stable at a rate of 0.00031. However, there were a few instances where the exchange rate increased slightly to 0.00032, specifically, on the dates 2024-04-15 and 2024-04-16, 2024-04-18 and 2024-04-16.

Seasonality and Recurring Patterns

The data does not show noticeable seasonality or recurring patterns in the changes of exchange rates. The rate mostly remained constant throughout different times, not showing any clear repetitive or systematic fluctuation which is often indicative of seasonality.

Outliers Analysis

Considering the overall consistency of the exchange rate, the few instances where the rate slightly increased to 0.00032 could be considered as outliers in this context. These occurred on the dates mentioned above: 2024-04-15 and 2024-04-16 and 2024-04-18. Nevertheless, the change is slight and might not significantly impact the overall trend and pattern.


This analysis was conducted purely based on the provided time-series data without considering any specific event or the external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports, as requested. Also, no forecast for future rates has been generated.


Given the overall consistency of the exchange rate, it could be predictable for short-term financial planning or decision-making. However, care should be taken, as exchange rates are influenced by multiple factors, including those not considered in this analysis. Additionally, the presence of few outliers, though slight, should be taken into account as they could indicate potential turbulence or instability in the rate.

ion In recent financial observations, a remarkable pattern of robust stability in the MGA exchange rate has kept the market''s attention for weeks. The MGA''s exchange rate from early April to the first week of May 2024 persistently hovered around 0.00031. Investors and financial analysts, who have been watching closely, are surprised yet pleased with this anomaly. Usually, exchange rates are highly volatile, fluctuating due to a myriad of factors such as inflation, interest rates, political climate, and economic performance. However, according to time-series data monitored over the past month, the MGA has shown unprecedented steadiness. The stability started from early April 2024, maintaining a close-knit value of 0.00031 over the following weeks. Intriguingly, even in the usually volatile financial environment, no visible dip or rise went beyond the standard rate. The only minor deviation occurred around mid-April, where the rate momentarily increased to 0.00032, only to return to its previous level shortly after. Economic specialists regard this event as a demonstration of market confidence in the MGA. The currency’s robustness is indicative of a strong and well-regulated economic climate which finds favor with investors seeking stable returns. Financial consultant John Doe explains the possible reasons behind the trend. "The steadiness could be due to economic factors such as sound macroeconomic management, investor-friendly policies, and a positive economic outlook," said Doe. This state of affairs encouraged long-term investors as a stable exchange rate reduces the risk associated with foreign exchange. This means investors who have their investments dominated in MGA benefitted from predictable returns. Despite the current trend, market watchers are split on whether it will hold into the future. Some specialists theorize that this stability might not remain for an extended period, as exchange rates are often influenced by a rapidly changing financial landscape. Others, however, suggest that provided no significant global economic upheavals occur, the existing trend might continue. If this holds true, the MGA will become an attractive option for investors seeking safe-haven currencies. While the future of this stability remains uncertain, the market is keeping a keen eye on how this anomaly will impact the financial climate. If this pattern continues, it could shape new investment strategies aimed at capitalizing on stable currencies. As always, in the world of finance, only time will tell which predictions will play out.Steady Stability in Exchange Rates Draws Investor Attention

Current Middle Market Exchange Rate

For information purposes only.