2024-04-17 Ngultrum News

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Overall Trend and Analysis

In the time period provided, the exchange rate for BTN exhibited a very minor fluctuation. The data starts at a rate of 0.01648 and after a series of slight ups and downs, it eventually lands on 0.01652.

The smallest value in the observed sequence is 0.01647, and the largest value observed is 0.01657. This implies that the changes, though oscillating, are not considerable and that the exchange rate remains relatively stable over the time period observed, as the range of rates is just 0.0001.

Seasonality or Recurring Patterns

Given the time-series data, it is difficult to identify any clear seasonality or recurring patterns in the exchange rate fluctuation without deploying more advanced methods such as time-series decomposition. The subtle variations that are present may very well be influenced by inherent randomness or variations in larger market trends.

Outliers and Anomalies

There do not appear to be any significant outliers in the dataset under review. All exchange rates fall within a very tight range, suggesting that there are no extreme fluctuations or anomalies that would considerably deviate from the overall pattern.

Consideration of External Influences

The analysis performed here is purely statistical and observational, thus does not account for possible causes or the impact of external factors such as financial news, market opening/closing times, weekends or holidays. However, it's worth noting that these factors can significantly impact exchange rates and should be included in a more detailed and thorough investigation.

Over 24 Hours The BTN exchange rate experienced minor variations within a 1.8% band throughout a 24-hour period on April 16, 2024, according to newly released data. This marks a noteworthy pattern of stability for investors and financial analysts monitoring the currency. The data consists of time series data with timestamps detailing the changes in the BTN exchange rate at various times throughout a 24-hour period. The BTN rate started at 0.01648 and after numerous minor fluctuations, it ended the day at 0.01652. The mildly oscillating pattern of the currency suggests a level of stability that may indicate confidence in the currency''s strength. The exchange rate’s stability is significant on multiple levels. For one, a stable currency attracts foreign investors as it significantly reduces the risk of losses due to currency depreciation. This intensified foreign participation can prompt the local economy’s growth and generate more secure, solid jobs. Also, a stable foreign exchange rate could indicate that the government''s fiscal and monetary policies are effective in managing inflation and promoting sustainable economic growth. This could boost confidence among consumers and businesses, leading to increased spending and investment, which in turn could stimulate economic growth. Although the BTN rate demonstrated minute yet intense fluctuations throughout the day, the mean value did not indicate significant instability, which is crucial in a global market often characterized by sharp fluctuations, volatility, and speculation. Nevertheless, it''s essential to put this trend into context. The global foreign exchange market is inherently unpredictable and influenced by a broad range of geopolitical factors, economic news, and market sentiments. Therefore, while this recent stability is notable, it doesn''t always guarantee future continuity. Looking forward, investors and financial strategists need to monitor the BTN exchange rate closely. Any shift, no matter how subtle, could have significant implications for the overall financial market. Traders should also keep an eye on global trends and geopolitical movements, as these external factors can often trigger significant exchange rate shifts. In closing, while the BTN exchange rate''s current stability could bring temporary relief to investors, the inherently unpredictable nature of the currency exchange market means it’s crucial to stay informed and be ready to adapt strategies when necessitated. For investors seeking currency stability, consistent observation of trends and wise interpretation is the prescription for success. Future developments in policies, market conditions, or international relationships could present opportunities or challenges that could affect the currency''s stability and, by extension, the decisions of savvy investors.Subtle Fluctuations Noted in BTN Exchange Rate Stability Over 24 Hours

Current Middle Market Exchange Rate

For information purposes only.