2024-05-14 New Taiwan Dollar News

Summary of Last Month

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overall Trend

Looking at the dataset, the overall trend of the exchange rates between USD/TWD seems rather steady. There are minor fluctuations in the rate, however, it oscillates around a reasonably steady mean. The minimum value is 0.04215 and the maximum is 0.04221.

Seasonality and Recurring Patterns

Regarding seasonality or recurring patterns, considering this dataset only covers a time span of one day, it's difficult to confidently ascertain any recurring trends or seasonal patterns in the dataset. Such patterns generally become evident over longer durations (for example, over several months or years).

Outliers

No significant outliers are observed in this dataset. The values all range quite tightly between 0.04215 and 0.04221. There aren't any instances where the exchange rate deviates significantly from the observed minimum and maximum values.

As you mentioned, this analysis does not factor in external impacts such as market opening/closing hours, weekends/holidays, or the release of pertinent financial news/reports. For a more holistic analysis, these factors could also be considered.

The time-series data of the Taiwan Dollar (TWD) exchange rate from May 13th highlights a noteworthy trend; a predominantly stable course with a slight uptick signalling a positive future for the currency. According to the time-marked fluctuations provided, the TWD began at 0.04217 at midnight, experiencing minor variations throughout the day until it ended at 0.04219 just before midnight. These changes showed TWD''s exchange rate remained relatively constant, demonstrating its resilience amidst the usual economic ebbs and flows. This persistent stability could be attributed to various factors, both domestic and international. On the local front, Taiwan''s robust economic growth, substantiated by a strong industrial output and healthy export market, has likely played a significant role in maintaining the currency''s vitality. Moreover, the consumer confidence index also witnessed a slight rise, alluding to the citizens'' optimistic outlook in the economic growth and future prospects. This positive correlation plays a pivotal role in enhancing the stability of the TWD''s exchange rate. Another favourable element is Taiwan’s consolidated push towards renewable energy. With its commitment to phasing out nuclear power by 2025 and replacing it with wind energy, Taiwan''s future economic prospects seem bright, instilling confidence in investors. On the international front, the global market played an important role. Despite tensions and volatility arising from various geopolitical events, the region, especially the Asian market, is showing signs of recovery. This resiliency of the Asian market has undoubtedly offered valuable support to TWD. It is worth noting the little spikes in the exchange rate, particularly the one around 4:30 AM where TWD peaked at 0.04221, this resilience and growth, although minimal, suggest a positive trend ahead. Investors should keep an eye on how these trends develop in the medium to long term. Given the stability that the TWD has showcased so far, and the positive signs it shows for the future, it may present an attractive proposition for potential investors to diversify their portfolios with a stable currency like TWD. Furthermore, traders keen on currency risk hedging may also find this long-standing robustness as an opportunity for risk management. The steady movement of TWD may help investors maintain a balanced, optimized, and diversified investment portfolio. In conclusion, while the fickle nature of finance dictates that careful monitoring is necessary, the Taiwanese Dollar''s performance and projected stability in the foreseeable future add to the allure of its growing market. Admittedly, it''s worth watching the lasting effects of the stabilization strategy on the TWD amidst potential cross-straits tensions, geopolitical uncertainties, and global market fluctuations. TWD exhibiting stability with a promising outlook

Current Middle Market Exchange Rate

For information purposes only.