2024-05-21 Moroccan Dirham 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:

Trend

1. Understanding the overall trend of the exchange rates

The data reveals that the exchange rates have experienced very slight variations within the measured time span. To elaborate, the MAD started at 0.13708 and ended at 0.13754. This is a very minimal increase, indicating a rather stable exchange rate with minor fluctuations. However, over this time duration, gradual increases and decreases are apparent.

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

Given the data set and the short period over which the data spans, it's difficult to confidently identify any seasonality or recurring patterns. The fluctuations in rates do not appear to follow a clearly discernible pattern based on the per-five-minutes data points provided. It might be worth noting that, within the 24-hour period each day, no specific pattern is emerging with certainty.

3. Outliers in the dataset

Most of the exchange rates in this data set are contained between the range of 0.13707 and 0.13758. Any rate that falls outside this limit could be considered an outlier. In a detailed analysis of the data provided, there were no evident outliers as all the rates fell within the defined range. It is thereby safe to say that the dataset is quite consistent and stable with no major variations.

Financial Turbulence In an uncertain financial climate marked by flux and unpredictability, it becomes crucial to keep a close watch on changes in exchange rates. Notably, the MAD exchange rates have shown impressive resilience over the past 24 hours. Meticulous analysis of the latest time series data reveals that the MAD rates exhibited notable stability. Oscillating around the 0.137, the exchange rate remained within the narrow range of 0.13707 and 0.13758 throughout the duration from midnight to the close of the day. Amidst the rumbling economic chatter of looming uncertainties and changing forecasts, the stability of MAD rates has been an encouraging sign of resilience. Typically, foreign exchange rates are susceptible to a myriad of influences. From inflation differences, interest rate changes, to political stability, and even speculation, the factors driving fluctuations are vast and varied. The absence of any dramatic shifts in the MAD rates points towards robust financial management and steady economic operation. What might seem like minor fluctuations could potentially have significant implications in the broader economic landscape. For importers and exporters, fluctuations in exchange rates can directly impact profitability, necessitating strategic planning and deft navigation. Notably, a slight upswing in the exchange rate was observed between 19:05 and 21:20, with rates reaching a peak of 0.13758. This increase could reflect positive market sentiments, bolstered by favorable domestic or global economic indicators. However, the increase was short-lived, indicating the possibility of buy-side action or influential speculation. Moving forward, key market watchers and stakeholders will be closely observing any directional shifts in the MAD exchange rates. Will the forthcoming days witness a continuation of this firm stance, or will unforeseen circumstances churn the waters of stability? Market dynamics and the nebulous mix of factors influencing exchange rates make financial forecasting a challenging endeavor. Yet, understanding these intricate patterns gives investors, traders, and businesses crucial insights into market trends and economic health. A prolonged period of rate stability often underpins economic maturity and a balanced trade position. On the contrary, volatile rates often signal economic instability and are a source of apprehension for foreign investors. As such, the demonstrated resilience in MAD rates sends a positive signal to the market. As we march into the future, anticipation hovers around the trajectory these rates will pursue. While external shocks or significant policy changes may yet steer the exchange rate off its stable path, the enduring stability of the MAD rates, as evidenced in the time-series data, provides a solid foundation for cautious optimism in the financial realm.Resilient MAD Exchange Rates Maintain Solid Stance Amid Financial Turbulence

Current Middle Market Exchange Rate

For information purposes only.