2024-04-24 New Taiwan Dollar 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 dataset

Upon reviewing the provided data, it appears that the time-series dataset spans about a day (April 23, 2024) and provides granular data on the exchange rates of the Taiwan Dollar (TWD) within this period. The timestamps follow a regular 5-minute interval, except for some gaps that could be attributed to non-business hours or other unanswered factors. Worth noting is that no external news or events potentially affecting the currency market are considered in this analysis. Let's discuss the observed trends, patterns and potential outliers.

1. Overall trend of the exchange rates

Looking at the general trend, the TWD exchange rate seems to undergo subtle fluctuations throughout the day. The rate starts at around 0.04197 at 00:00 and ends at 0.04199 at 23:55. The highest figure recorded in this period is 0.04207 (at approximately 06:15), while the smallest is 0.04194 (around 19:45). So, despite these minute changes, overall, the exchange rate appears to remain relatively stable.

2. Seasonality or recurring patterns

This dataset seems to lack clear evidence of strong seasonal tendencies or recurring patterns in the exchange rates. The changes in rates occur in a seemingly random manner lacking uniformity throughout the day. However, some observations can be made. For instance, during early hours (between 00:00 to 06:00), the exchange rate appears to pick up mildly, peaking at around 06:15, followed by a slight recovery between the hours of 20:00 and 23:55. Amid some fluctuations, the rate seems to stabilize most between the hours 13:40 and 16:05. These patterns, however, are based on just a day’s data and may lack significant statistical backing.

3. Outliers or significant variations

In terms of outliers, the dataset does not present any striking anomalies where the exchange rate diverges substantially from the day's general trend. One potential deviation is the slight surge up to 0.04207 at around 06:15, which stands as the day's peak rate. However, this increase is subsequently corrected and doesn’t represent a significant departure from the general exchange rate behaviour on April 23, 2024. This suggests that the variations in the exchange rate within this specific day's timeframe remain relatively moderate and within a very narrow range.

]) It's worth noting that the analysis might have been more enriched or outlooks more varied with a larger dataset covering a more extended period, incorporating external factors as well. This could provide a more precise and holistic overview of the currency's behaviours and potential patterns.
ions The past 24 hours saw the Taiwan dollar (TWD) present a stable exchange rate amidst notable minor fluctuations. An analysis of the data shows a pattern of stability with slight changes in the TWD value hinting at market resilience. Early in April 23, 2024, timestamped data reveals the TWD opened stable, right at 0.04197. While it maintained this position for a few hours, the market started to experience a minor shift, with rates moving around the baseline during the day. Throughout the early morning, the TWD fluctuated by small margins, oscillating between 0.04196 and 0.04205. Primarily, mild dips and strides were experienced that did not adversely play off each other, leading the Taiwan dollar''s value to remain relatively unscathed. By the day''s end, however, the exchange rate had increased to 0.04199, exhibiting mild growth. While these small yet frequent variations can seem insignificant at the surface, they play a crucial role in providing a snapshot of the economic landscape. As what could be interpreted as a sign of stability amidst volatility in global markets, Taiwan''s currency exhibited resilience. Significantly, the daily shifts send a clear message about Taiwan''s economic momentum. The mildly increasing exchange rate signifies the TWD''s growing competitiveness on the open exchange market, suggesting a steadily escalating strength against the USD amidst domestic economic measures and external pressures. Moreover, the fluctuations exemplify the engaged trading activity of the TWD, reflective of an active currency market''s underlying robust health. The clear lack of any severe dips or spikes indicate a well-regulated market free from knee-jerk reactions from traders. However, while general stability is positive, the fluctuations represent broader trends in economic health the market players must consider. While the exchange behavior of the TWD paints an optimistic picture, traders need to remain vigilant, fluid, and equipped to act upon any further shifts. Ultimately, the trading day''s slight growth sets the stage for the TWD''s performance the following day. As market watches worldwide keep an eye out for continuing trends, caution remains key. Players should be prepared for unexpected shifts in the market as it strives to sustain the same levels of stability in future. Establishing resilience through market turbulence is a clear sign of a strengthening economy. However, as the TWD navigates its path towards robustness, market watchers and participants, while reveling in the currency''s stability, must plan for the ever-fickle nature of financial markets.Stability Marks TWD Exchange Rate Amid Midnight Fluctuations

Current Middle Market Exchange Rate

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