2024-04-26 Mauritius Rupee 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

Okay, as per your request, we will focus on patterns, outliers, and general trend analysis without considering any external influences. Here is an analysis of the provided dataset:

1. Overall Trend Analysis:

The data provided for MUR (Mauritian Rupee) exchange rates from 00:00:02 to 23:55:02 on April 25, 2024, shows a slight fluctuating trend. From the available data, it can be inferred that the MUR rates mostly remained in the range of 0.02942 to 0.02954. The higher value occurred at the start of the day and fell slightly over the day, then increased towards the end of the day. This indicates a slightly negative trend for the day but it does not give clear evidence about a long-term trend. For that, similar data spanning across multiple days or months would be required.

2. Seasonality:

Based on the provided data, it's difficult to determine any strong seasonality or recurring patterns within the day. The fluctuation was within a narrow range, and no specific pattern can be decisively pointed out for this single day’s data. Seasonality patterns usually become apparent over larger datasets where recurring events and patterns can be recognized more intuitively.

3. Detection of Outliers:

In this data, an 'outlier' would be a value that deviates significantly from other values in the given period. Given that the data for this single day fluctuates within a narrow range, no significant deviation, thus no outliers, were observed. However, it is important to note that 'significant' is subjective and depends on the specific domain and the impact of such deviations on financial decisions. It may also be useful to consider a larger data set for more accurate outlier detection.

To summarize, this single-day data set for the MUR exchange rate on April 25, 2024, shows a slight fluctuating downward trend, without noticeable seasonality or outliers. For a more precise understanding of trends, seasonality, and outlier detection, a larger dataset spanning across multiple days, months, or years would be beneficial.

ver 24-Hours In a remarkable show of constancy, the Mauritian Rupee (MUR) exchange rates have remained substantially steady over a complete 24-hour trading cycle. This unexpected and unusual trading pattern began in the early hours on April 25th, 2024, and showed minimal fluctuation throughout the entire day and night, reinforcing an impression of astonishing steadiness in the market. Starting the day off at 0.0295 at midnight, the MUR experienced minor oscillations over the day, with the highest value being 0.02957 apenas around 9 am and the lowest at 0.0294 at around 9 pm. However, the negligible decimal price changes over vast intervals were reflective of a near-static market, something that is not often seen in highly volatile foreign exchange markets. Such stability in exchange rates is indeed an anomaly, as foreign exchange markets are conventionally characterized by continual variations. These changes occur due to multiple factors, including global economic health, geopolitical events, and the relative supply and demand of currencies in the marketplace. Overall, the forex market is considered to be a hub of activity and rapid fluctuations. However, the MUR''s behavior throughout the day has rebuffed all traditional forex principles, providing traders with an unparalleled steadiness. Some experts attribute this market tranquil to a lack of significant financial news or events concerning Mauritius''s economy on that day. Others suggest that traders might have been more risk-averse that day, leading to a decrease in speculative trading and thus, more stability. The implications of this unusual pattern could be diverse. On one hand, cautious traders and conservative investors might find this stability favorable as it reduces the risk associated with currency speculation. On the other hand, day traders and those who thrive on volatility to make profits might find this sustained static state less attractive. One thing is for sure: it has provided financial analysts and forex enthusiasts with a fascinating case study, as they dig into the patterns and possible causes behind this unwavering steadiness. Looking ahead, it will be exciting to monitor how long this stability lasts and what impacts it might have on market strategies. Will the MUR continue on this path of unheralded composure, or will the traditional market volatility soon take over? These are the questions that traders, investors, and analysts around the world will be watching closely in the coming days.Unprecedented Stability Observed in MUR Exchange Rates Over 24-Hours

Current Middle Market Exchange Rate

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