2024-04-22 Namibia Dollar News

Summary of Last Week

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

Statistical Measures

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Trend

Overview of the Time-Series Data

The dataset provided contains financial time-series data recorded from 22nd March 2024 to 19th April 2024. This timeframe spans about one month. The data reflects the fluctuations of the exchange rate (denominated in NAD) at several timestamps across the day. Such comprehensive coverage helps capture the intricacies of day-to-day fluctuations and, potentially, inherent patterns or trends.

Understanding the Overall Trend

Going by the data provided, the NAD exchange rate appears to exhibit a period of increase initially, until around 22nd March, from 0.07211 to 0.07231. Post this date, however, the rate seems to experience a period of falling and roving around 0.0715 to 0.0719, with a few minor fluctuations. Post 2nd of April, the exchange rate climbs back up, peaking highest at 0.0744 around April 12th, but then experienced a noticeable downfall towards the end of the dataset, around 0.071.

Seasonality and Recurring Patterns

Upon inspection, the data doesn't seem to present any clear seasonality or recurring daily patterns. The exchange rate doesn't consistently rise or fall at specific times of the day. However, some possible weekly patterns might exist - there are instances where middle of the weeks (such as around 3rd to 4th or 10th to 11th of April) having higher rates than the start or end of a week.

Identifying Outliers

As time-series data, outliers would typically present themselves as sudden, uncharacteristic spikes or dips in the exchange rate. Here, the values seem to gradually increase or decrease over several hours or days, suggesting a lack of sudden, unexplained fluctuations. That said, the exchange rate on April 10th to 12th peeked around 0.074 - a noticeable break from the pattern observed during most of the dataset.

Please note:

This analysis was created based purely on the dataset provided and observing visible trends within the data. It does not take into account external factors such as market events, economic indicators, or international news that can have significant impacts on exchange rates.

Disclaimer:

Past performance is not indicative of future results. Any investment or trading is always subject to risk, including the loss of the invested amount.

he Period It has been an intriguing period in the foreign exchange markets, particularly with regards to the Namibia Dollar(NAD). The NAD exchange rates have exhibited notable volatility, the data suggests, with its performance over the past few weeks revealing intriguing trends. During the course of the final throng of March, our dataset recorded an incremental rise in the NAD exchange rate, albeit with intermittent dips. The rate reached a crest of 0.07231 on March 22nd. However, this flourishing pattern soon veered into a slow descend over the following few days, culprit being an array of yet unidentified macroeconomic variables. By April 1st, NAD was seen trading lower at 0.07165. The ebb and flow in NAD rates became a pattern in the following week, showing indistinct rises and falls, but didn’t promise any drastic changes, maintaining a certain sense of stability. However, in an unexpected twist around April 10th, we noticed a sudden surge in the rates, hitting a high of 0.07409. Unanticipated market forces, possibly speculative trades, or sudden shifts in economic indices may have caused this brief but significant rally. Post the April 10th apex, the NAD exchange rates started to descend gradually, dropping down to 0.07264 by April 15th. The descent was briefly broken up with minor rebounds, but the overall trend direction was a downward one. By April 18th, NAD hit a low of 0.07228, before slowly gaining in the subsequent days. The implication of these fluctuations in the NAD exchange rates could be significant. Currency investors and international businesses could have been impacted by these price changes, underscoring the importance of prudent risk management in a volatile currency market. With exchange rates being sensitive to a plethora of factors, from domestic economic health to geopolitical events to speculative trading, the unpredictability underlines the inherent risks within foreign exchange markets. Looking ahead, investors and businesses should keep a keen eye on regional economic indicators, potential geopolitical developments and central bank decisions that could exert influence over NAD’s value. As the data has clearly demonstrated, sudden swings in rates can occur, prompting a need for ever-present vigilance in monitoring changes. The pattern of the NAD exchange rate highlighted here offers a glimpse into the intricate dynamics of foreign exchange markets. Swift ascents countered by gradual descents underscore this market''s eternal propensity for unpredictability. Market participants must remain wary of such swift changes, reminding themselves that the only constant in these markets is change itself.Notable Volatility Observed in NAD Exchange Rates over the Period

Current Middle Market Exchange Rate

For information purposes only.