2024-04-26 Netherlands Antillean Guilder 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

Analysis of the Overall Trend of the Exchange Rates

From the provided time-series data, it's evident that exchange rates exhibited a generally downward trend across the specified time period. The rate began around 0.76073 and decreased to a final rate of about 0.75778. This could suggest factors such as changes in monetary policy or economic events. However, as mentioned, this analysis doesn't take into account specific external events or market hours.

Seasonality and Recurring Patterns

While identifying seasonality within this data might require a more comprehensive dataset over a longer timescale, the time series data doesn't show clear seasonality or recurring patterns within the exchange rates. The values fluctuated at various points but no discernible or consistent pattern can be deduced over the time period. More data spanning a wider timeframe (like months or years) would be beneficial for teasing out clear seasonal trends.

Outliers in the Data

Rounding out this initial analysis of the data, no drastic outliers were identified. This would suggest that during this timeframe, the exchange rates fluctuated within a reasonably predictable range without dramatic spikes or dips. Remember, this data analysis doesn't take into account external factors like major financial news or sudden drastic changes in economic conditions, which could cause such outliers in real-world scenarios.

Conclusion

The time series data shows a slight decline in the exchange rate over the provided period. No clear patterns or seasonality could be identified, and the data contained no drastic outliers. Future analysis may benefit from larger datasets and consideration of external factors that influence exchange rates.

24 Hours In a somewhat surprising turn of events, the Angolan currency witnessed considerable swings in exchange rates over a full day span. The exchange rate data, being analyzed, is from the time-series record dated April 25, 2024. This financial event promises substantial impact on investors, businesses, and the local economy, looking at the currency''s performance over the timestamp data. At the early hour of the day, the ANG exchange rate started at 0.76073. From there, it exhibited minor fluctuations. However, the first notable drop happened towards the early dawn, pointing at a dip in the exchange rate to 0.75819. The morning hours saw a rebound with the exchange rate climbing back up to 0.76156. Remarkably, this surge was considerably steep compared to the initial dip, indicating a significant recovery. Such a situation often suggests an active market with frequent buying and selling dynamics, which may have large-scale implications on traders. The ANG exchange rate continued to fluctuate throughout the day, standing at 0.76042 by midday. A gradual decline followed this midday rate, only to hit the lowest point of the day at 0.75739 in the afternoon. What does this broad variation imply? To an investor, these fluctuations mean constant shifts in investment value, yielding either profits or losses. For the local economy, significant exchange rate uncertainty can result in unstable import and export costs, potentially affecting business planning and consumer prices. Meanwhile, several factors could be driving these exchange rate movements. These encompass local economic indicators, global financial market conditions, foreign investor sentiment, and monetary policy changes. It is also critical to consider the implications of supply and demand pressures on foreign currency, which is frequently reflective of these variations. Towards the end of the day, the exchange rate showed signs of marginal recovery, ending at 0.75778. On face value, the overall day might seem to leave ANG in somewhat of a lower position. However, the underlying fluctuation story suggests a vibrant, actively-traded currency. It begs the question: what next? In the world of finance, especially concerning exchange rates, exact predictions are challenging. However, looking at the pattern, market participants should brace for continued fluctuations. Traders, especially, need to be vigilant for the right windows to maximize their gains amidst this volatility. Understanding this kind of data is quintessential for robust financial decision-making. Active monitoring and insightful data analysis are key to exploring the financial landscape, offering pivotal directives for policy-making and investment.ANG Exchange Rate Witnesses Remarkable Fluctuations Over 24 Hours

Current Middle Market Exchange Rate

For information purposes only.