2024-05-03 Netherlands Antillean Guilder News

Summary of Yesterday

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

Statistical Measures

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  • Standard Deviation:

Trend

1. Overall Trend Analysis

The dataset provided displays minor fluctuations in the exchange rate (ANG). Throughout this data set, the exchange rate appears to mostly decrease in value with a few sporadic increases throughout. While it starts at 0.76444 on 2024-05-02 00:00:02, it decreases to 0.76015 by the end of the day on the 2nd of May 2024. This suggests depreciation in the currency throughout the given period.

2. Seasonality or Recurring Patterns

Regarding seasonality, the data seems to present regular ups and downs throughout multiple intervals, suggesting potentially some intra-day seasonality in this currency exchange rate. However, no precise recurring effect can be inferred from this singular day of observation. To confirm seasonality, longer periods with data for multiple similar intervals (e.g., several weekdays) would be necessary.

3. Identification of Outliers

One noticeable 'outlier' or significant shift in the trend is observed around 2024-05-02 06:20:02, where there's a considerable drop in the exchange rate from 0.76454 to 0.76134. This exchange rate decrease represents the most dramatic single-period rate change for the entire dataset. However, without further domain-specific information or external factors, labelling this as an 'outlier' is not conclusive.

It is important to note that these observations may not fully capture complex patterns since we only analyze a single day of data. Longer periods of observation might be required for more robust insights.

ssed in the Market In a surprising turn of events, the ANG Exchange rates saw some sharp declines followed by a quick recovery, as per the time series data analysed during various time shifts of May 2, 2024. Commencing the day with an exchange rate index of 0.76444, the ANG faced a somewhat steady decline down to 0.76388 during the initial few hours. However, the rate did stabilise in the range of 0.764 and rebounded back strongly to 0.76462, marking the highest point for the day at 05:15 am. The market experts were caught off guard as an unexpected downtrend started around 6:20 am. The ANG fell significantly by almost 0.004 points, and the rate stooped as low as 0.76083 at 07:15 am. Post the dramatic fall, the ANG market showed resilience and reflected recovery throughout the day. Still, towards the close of the day, the rates took a downward turn reaching 0.75787, which was the lowest point during the 24 hours timeline. Interestingly, just after hitting the lowest point, the market saw a sudden surge pushing ANG back to 0.76012 at 21:30 pm. The fluctuation in the ANG exchange rates highlighted the volatility of the financial markets. Macroeconomic factors such as trade deficits, inflation, political instability, and changes in monetary policies could have influenced these shifts. While it remains challenging to predict such volatile movements accurately, investor sentiment and government interventions certainly play a crucial role in determining the exchange rates. Such dramatic fluctuation within a single day underlines the need for investors to monitor time-series data closely, assess changing patterns, and take informed investing decisions. Market experts are carefully analysing this sudden upswing and steep drops in the exchange rates. They recommend investors stay cautious while trading in such a volatile market scenario. Looking ahead, considering the inherent uncertainty associated with the forex market, investors are urged to keep an eye out on upcoming macroeconomic indicators, including inflation data, GDP growth figures, and any monetary policy changes by the central bank. Factoring in these upcoming indicators will help investors to make well-informed decisions and gauge the potential trajectory of the ANG exchange rates. Studying these market trends and forecasting potential movements would indeed equip investors better in dealing with the often unpredictable and fast-paced foreign exchange market. The market is looking with expectations at the upcoming financial reports and fiscal policies for guiding their future investment decisions in ANG. To conclude, the ANG exchange rates may continue to experience fluctuation based on global and local factors, and investors would be wise to stay prepared for volatility in the future. Sharp Declines and Recovery of ANG Exchange Rates Witnessed in the Market

Current Middle Market Exchange Rate

For information purposes only.