Significant Fluctuations Noted in ANG Exchange Rate Within 24Hours

Summary of Yesterday

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Statistical Measures

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The Anguilla East Caribbean Dollar (ANG) experienced notable volatility within a 24-hour span on March 14, 2024. The currency oscillated within a range marked by sharp ups and downs, according to analysis of recent time-series financial data. The ANG exchange rate began the day at 0.75222, and in the course of the next hour, experienced a minimal drop. By 00:30, it jumped significantly to 0.75242 but the upswing was short-lived. It swiftly retreated to start a downward trend, with periodic upticks, that lasted until 05:30. At this point, the ANG sharply rose to 0.75159, a substantial rebound. Despite the ANG''s best efforts to recover, the downward pressure continued. However, with sporadic intervals of growth, ultimately pushed the exchange rate back up to 0.75188 at 06:30. Since then, the ANG maintained a rollercoaster ride, with no definite direction. Towards the evening, the rates dipped as low as 0.74675, a significant reduction from the morning. However, the ANG demonstrated its resilience by bouncing back to 0.75589 at 22:10. Experts are closely watching these volatility trends, which can put the financial market and investments at risk. Unstable exchange rates make it difficult for investors and businesses to predict future trends, hampering planning and decision-making processes. Hence, understanding these patterns plays a critical role in mitigating investment risks and developing robust business strategies. Several factors could lead to such a high degree of fluctuation in the currency market. These may include shifting economic indicators, geopolitical tensions, policy changes, or speculation in international markets. Although it''s challenging to pinpoint the exact causes this early, market experts attribute the ANG''s volatility to a mix of several such influences. Looking forward, the high level of uncertainty in the ANG exchange rate could potentially influence foreign trade operations. Businesses involved in import and export could see their profits affected by such substantial rate changes. Experts suggest that both individuals and businesses need to closely monitor these currency trends while making investment decisions. Awareness regarding these fluctuations can help companies invest strategically and potentially safeguard against major financial losses. As the markets head into the next trading day, participants will be looking to see if the ANG can find some stability. All eyes will be on the ANG exchange rate trend to decipher any signs of steady recovery or further volatility. It is circumstances like these where the integral role of expert financial analysis becomes most prominent and, for most investors, relied upon. Significant Fluctuations Noted in ANG Exchange Rate Within 24-Hours

Current Middle Market Exchange Rate

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