2024-05-01 Moroccan Dirham 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

1. Understanding the overall trend of the exchange rates

Based on the dataset provided, the overall trend of the exchange rate is observed to be relatively stable, with minor fluctuations throughout the duration. However, an upward trend can be noticed in the middle, due to the rise in the exchange rates from 0.13515 at the start of the period to a peak value of 0.13619, and then a decrease towards the end of the period, down to 0.13541. The detailed fluctuations may be due to various factors, but on the overall, there aren't major changes in the exchange rate.

2. Identifying Seasonality or Recurring Patterns

The data does not appear to show a clear pattern of seasonality or recurring patterns. The exchange rates are staying within a narrow range, and there doesn't appear to be a defined trend such as a period of systematic increase followed by a systematic decrease and so on. Further detailed statistical analysis with a larger dataset may help to determine if there are any hidden patterns or seasonal trends.

3. Noting any Outliers

From the provided data, no significant outliers can be immediately identified. All values for the exchange rates remain within the 0.135 to 0.136 range, which implies that there is no sudden surge or drop in the rates. Nevertheless, two points, one reaching the peak of 0.13619 and one dipping down to 0.13515 might be considered remarkable when comparing with general fluctuations. However, in the grand scheme of this financial exchange data, they are not drastic outliers.

Yet Maintain Stability On April 30, 2024, the Moroccan Dirham (MAD) experienced fluctuations throughout the day while still maintaining overall stability. The valuable time-series data provided indicates changes in MAD exchange rates, thus furnishing investors with crucial insights. As the day commenced, at precisely 00:00:02, the MAD started at a rate of 0.13515. Throughout the first half of the day, rates slightly increased, reflecting market optimism. The exchange rates presented a few peaks in between, with the highest peak at 0.13614 around 11:35:03. However, as the day proceeded to its second half, there was a significant drop in rates. The lowest dip being at 0.13542 around 20:15:02. These fluctuations are a reflection of the market''s reaction to a dynamic blend of domestic and international fiscal events. Although the rates presented minor rises and falls throughout the day, MAD showed a sizeable resilience against significant volatility, demonstrating a robust foreign exchange market framework. Even with a fairly volatile trading day, the MAD''s stability signifies the robustness of Morocco''s economic mechanisms. Its ability to withstand international market pressures showcases the strength of the country''s financial system. Analyzing the entire day, the results do not indicate any overall gain or loss. This pattern suggests a form of market stability, which likely results from careful market manipulation by Morocco''s financial authorities. The authorities appear to be balancing the need for a competitive currency for export purposes and the necessity of maintaining investor confidence. To decipher the financial market trends, investors examine exchange rate data thoroughly. Patterns and trends in this data can assist in understanding the market''s direction and predicting future movements, significant for strategic investment purposes. Moreover, the significance of the MAD stability extends far beyond Morocco''s borders. It impacts other nations due to the global interconnectedness of today''s financial markets. Countries dependent on Moroccan goods or vice versa would be monitoring these fluctuations closely, given their potential impact on trade imbalances. In conclusion, this time series data spotlights the MAD''s relative stability despite undergoing several fluctuations. It provides investors with important signals regarding market direction and economic health. These are insights that can form the foundation of informed decision-making by both individual and institutional investors actively involved in international investments. Looking ahead, the market will continue to diligently watch and decode these patterns. Given the complexities of the present economic situation and the often unpredictable nature of financial markets, these observed trends are undoubtedly subject to change. The focus is now on the unveiling of the data from the coming days and its potential repercussions on MAD''s performance in the foreign exchange market.  April 30, 2024: MAD Exchange Rates Witness Fluctuations Yet Maintain Stability

On April 30, 2024, the Moroccan Dirham (MAD) experienced fluctuations throughout the day while still maintaining overall stability. The valuable time-series data provided indicates changes in MAD exchange rates, thus furnishing investors with crucial insights.

As the day commenced, at precisely 00:00:02, the MAD started at a rate of 0.13515. Throughout the first half of the day, rates slightly increased, reflecting market optimism. The exchange rates presented a few peaks in between, with the highest peak at 0.13614 around 11:35:03. However, as the day proceeded to its second half, there was a significant drop in rates. The lowest dip being at 0.13542 around 20:15:02. 

These fluctuations are a reflection of the market

Current Middle Market Exchange Rate

For information purposes only.