2024-04-29 New Taiwan Dollar News

Summary of Last Week

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

Statistical Measures

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Trend

Overall Trend of Exchange Rates

The overall trend of the exchange rates for TWD shows minor fluctuations within a relatively stable band from 0.04189 to 0.04270. The fact that the lowest value and the highest value of the exchange rates are very close indicates there's no clear trend of increase or decrease during the time period considered. A more precise trend could potentially be seen by applying a smoothing method or creating a rolling mean over the period, but based on the data points given, no pronounced trend can be discerned.

Seasonality or Recurring Patterns

From the dataset provided, discerning a clear seasonality or recurring pattern is quite challenging without further information about the nature of these exchanges - such as whether they're tied to specific business operations, or whether they're purely market-based. However, no clear daily or weekly seasonality can be noted from the data.

Notable Outliers

Most of the exchange rates are in the area of 0.04230s, with a few occasions where the rates increase to around 0.04250s and decrease to 0.04190s. However, these changes fall within the regular fluctuations and do not seem to represent significant outliers. The dataset does not display extreme values that would indicate outlier points based on the content. An in-depth statistical analysis would provide more certainty about the presence of outliers.

Please note the analysis is purely based on the data provided and doesn't take into account external factors that could possibly influence the exchange rates. More concrete conclusions would require considerations of a broader context and more data.

ty The Taiwanese Dollar (TWD) has demonstrated a remarkable level of stability in the face of seemingly unpredictable global market conditions during the second quarter of 2024, according to recent financial data analysed by this newsroom. The data, collated over a three-week period, disclosed very little fluctuation relative to the previous time frame. From March 29th, 2024, to April 26th, 2024, the TWD exchange rate oscillated between a minimum of 0.04189 and maximum of 0.0427. Despite minimal signs of instability mid-April, the currency has remained resilient within this narrow range. This exemplifies TWD''s mild strengths in terms of the foreign exchange market''s high volatility. Despite the global market''s financial turbulence caused by unknown factors, the TWD has proven to be a steady contender, highlighting Taiwan''s economic stability amid these uncertainties. The observed TWD exchange rate stability can be attributed to a combination of strong macroeconomic fundamentals, effective monetary policies by Taiwan''s Central Bank, and the nation''s robust trade surpluses. These factors have been instrumental in mitigating the impacts of external shocks on the TWD''s valuation in recent times. Furthermore, this pattern may also reflect foreign investors'' continued confidence in the island''s economic prospects. The solid performance of Taiwan''s tech-driven export sector continues to attract strong foreign capital inflows, generating demand for the TWD and contributing to its relative stability in the forex markets. Despite this stability, there is also the need to acknowledge the slight oscillations observed throughout this period. On April 12th, the TWD hit its peak at 0.0427 and gradually dropped to its minimum on April 26th. These hints of tensions are evident but are neither alarming nor a reason for bracing for dramatic shifts in the value of the TWD, unless global dynamics push it. As we look towards the future, the key to maintaining the TWD''s relative stability will be Taiwan''s ability to sustain strong export performance. The impact of global market conditions - particularly as economies continue to grapple with the after-effects of the pandemic - will also play a critical role. Given this trend, it''s recommended that investors closely observe the global economic climate and its potential impacts on the TWD. It remains uncertain whether the TWD bullish run will persist, decelerate, or accelerate. Although Taiwan''s Central Bank has a strong track record of managing fluctuations effectively, individual stakeholders would do well to stay informed. In conclusion, while the TWD has demonstrated relative stability and resilience in recent weeks, investors should be mindful of potential risks and market movements. As always, making informed and strategic decisions will be key to succeeding in the world of foreign exchange trading.Steady TWD Performance Continues Amid Mid April Volatility

Current Middle Market Exchange Rate

For information purposes only.