2024-04-19 New Taiwan Dollar 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

Overall Trend Analysis

From the data provided, the overall trend appears to be quite stable. The exchange rate starts at 0.04254 at the beginning of the analysis period, and it ends at 0.0424 at the close of the period. There are minor fluctuations throughout this timeframe, however, the general movement does not seem to show a substantial increase or decrease over the provided period. This indicates that the exchange market for TWD is somewhat stable in this span of time.

Seasonality and Recurring Patterns

It's crucial to note that discerning seasonality or recurring patterns in exchange rates from raw data can be quite challenging, especially without historical context or comparing to a longer-term dataset. Nevertheless, based on this dataset, there's no clear indication of any strong seasonality or recurring patterns in the exchange rate trend. The changes in rates appear to be largely random throughout the data period with no discernible cyclical trend occurring at regular intervals.

Outliers Identification

In terms of outliers, the dataset seems to be quite uniform without any immediate notable spikes or troughs. The biggest change in exchange rate seen in the dataset is a minor fluctuation from 0.04255 to 0.04235. When examining a time-series data, this minimal fluctuation is not significant as it is within the usual variance seen in the data. Thus, there are no significant outliers in the provided dataset.

hange Rates Stability In the fiscal sector, consistency is desirable. One consistency seen in recent financial trends is the commendable steadiness of TWD exchange rates. While minor fluctuations occur in intervals, the TWD''s overall trajectory has remained mostly stable over an extended time period, a phenomenon worthy of detailed examination. In a minute-by-minute analysis conducted over a span of one day - April 18, 2024 - the range of the TWD exchange rate is relatively narrow, showing little movement therein. This noteworthy steadiness of the rate is characteristic of a financially stable economy that shows potent resilience against drastic fluctuations. Throughout the analysis period, the exchange rate opened at 0.04254, hitting a low point at 0.04233, and rebounded back to close the day at 0.0424. This minimal fluctuation telegraphs an environment where investors can make calculated moves without the fear of impactful surprises. However, in the world of finance, a steady trajectory doesn''t come without its undercurrents. As the timestamp changes, the rate oscillates minutely, reflecting the continual adjustments to the supply-demand relationship in the economy. While these changes might appear insignificant in isolation, they hold valuable insights for investors when viewed over a more extended timeframe. From an economic perspective, the steady exchange rate of the TWD is indicative of a balance between the country''s import and export values. Stability often suggests a successful management of foreign reserves, meaning the country has a steady stream of foreign currency inflows to balance against its outflows. Moreover, the steadiness is suggestive of minimal influence of speculative trades on the country''s currency. Such a situation harnesses investor confidence as it promises lower exchange rate risks for prospective business and investments in the nation. Financial stability is often linked to the stability of socio-political landscape, indicating a conducive environment for robust growth and development as well. As the global market landscape continues to evolve, so will the TWD exchange rates. The ongoing stability observed within this dataset is subject to potential change as influences, both domestic and global, can affect the financial dynamics. Therefore, market watchers should remain vigilant of local and global financial news or policies that could potentially influence these rates. To this end, such analysis of time-series financial data offers valuable insights to investors and policy makers alike, providing crucial information for decision-making processes. This examination of Taiwan''s TWD exchange rates, though revealing minimal fluctuations, underscores the power of detailed, context-specific financial analysis in capturing the finer intricacies of market economies.Minor Fluctuations, Steady Trajectory: Unpacking TWD Exchange Rates Stability

Current Middle Market Exchange Rate

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