2024-04-22 New Taiwan Dollar News

Summary of Last Week

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overall Trend of Exchange Rates

Upon examination of the dataset provided, the exchange rates between 0.04242 and 0.0427 from the 22nd of March, 2024, to the 19th of April, 2024. These rates fluctuate upward or downward within this period, although the fluctuation range is very small, indicating overall stability in the exchange rates. There is no clear discernable upward or downward trend in the exchange rate during this period. Rather, we see slight fluctuations around the mean value.

Seasonality or Recurring Patterns

From the given dataset, it is difficult to precisely define any consistent seasonality or recurring patterns. The data points provided do not cover a full year or multiple years, which would help determine a seasonal effect. However, even within this time frame, there does not appear to be a significant day-to-day or hour-to-hour pattern in how the exchange rates change.

Outliers

The dataset reflects fairly consistent exchange rates throughout with minimal extremes. There are no significant spikes or steep declines in the exchange rates, indicating that there are no noticeable outliers in this dataset. The rates neither climb nor fall dramatically from one period to the next. This suggests a level of stability in the economic conditions affecting the exchange rate during this specified period.

r Weeks In the recent financial updates regarding international currency exchange, a subtle upward trend in the Taiwanese Dollar (TWD) is traced over the past month. The collected data covers a timeframe that commences from the 22nd of March, 2024, extending till 19th of April, 2024. The TWD exchange rate, which maintains a highly influential role in shaping the international trading dynamics for Taiwan, started at 0.04242 at the beginning of the recorded period. The subsequent daily fluctuations, somewhat minor in nature, led to a peak of 0.0427, observed on the 12th of April 2024. Despite a myriad of micro-level fluctuations over the days, a pattern of consistent slight increment can be discerned in the TWD rate. Apparently small, such cumulative increases can have meaningful outcomes in economic transactions, particularly in long-term investment or hefty trades. Why is this trend important, you might ask? Not only does it speak to the short-term currency performance of TWD, but it also gives investors an insight into how the Taiwanese market is performing. In fact, slight increments in currency value can often imply a strengthened economy, increased foreign interest, or promising trade activities. However, bear in mind that exchange rates are subjected to the influence of several international and national economic indicators. While the observed trend exhibits a positive pattern, it''s crucial to identify the primary driving forces behind these changes. The outcomes of specific policies, variations in inflation rates, differences in interest rates, public debt, terms of trade, political stability, and economic performance are few of the crucial factors that directly or indirectly contribute to the fluctuation in exchange rates. Looking at the Taiwanese economic scenario, it may direct us towards understanding potential reasons for this minor increment. However, caution has to be exercised when translating these inferences to investment decisions since this analysis is based on a short-term time-series dataset. Lastly, as we move ahead, market constituents need to be observant of any continued rise, fall, or stability in the TWD exchange rate. Market trends are often unpredictable due to the dynamic nature of factors influencing them. Understanding such trends and forecasting based on historical and current data is a potent tool in the hands of investors, allowing them to strategize their moves and minimize potential risks involved. This observed rise in the TWD exchange rate over a month might seem insignificant at first glance, but as they say, ''every drop counts''. In the vast ocean of financial investment, such small increments could cumulatively lead to substantial gains for investors and traders alike. Therefore, staying informed and watchful is the key in the world of financial markets.Slight Increment in TWD Exchange Rates Observed Over Four Weeks

Current Middle Market Exchange Rate

For information purposes only.