2024-04-22 Ngultrum 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:


To analyze the given data set, it's best that we go through it in three steps: understanding overall trends, identifying recurring patterns (seasonality), and noting any significant outliers. Please note that this analysis does not account for external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports.

Understanding the Overall Trend

From a broad perspective, the BTN exchange rate within the given timeline is generally stable with slight fluctuations. Standard deviation of the data is extremely low which suggests there isn’t a significant change in the value of BTN over this period.

Identifying Recurring Patterns

In terms of seasonality, it's difficult to identify a clear pattern just by analysing this data set without considering the times. The data is not giving any straightforward evidence about an intra-day or weekly pattern in the fluctuations.

Noting Significant Outliers

Given the overall stability of the exchange rate, any significant peaks or troughs could be considered outliers. However, these must be determined with a robust statistical test, which isn't included in the current scope of the analysis. Even so, the data doesn't present any extreme values that would likely classify as outliers. It is quite consistent with small fluctuations.

Please note that the fluctuations in the financial markets are highly dependent on numerous variables with complex interrelationships. Therefore, comprehensive forecasts require a more in-depth analysis and sophisticated modelling techniques.
il Half In dramatic financial motions, the BTN exchange rate took investors and traders on a gusty ride, stabilizing by the mid of April 2024. This recent activity, plotted in the provided time series data, stretches from the 22nd of March to the 19th of April, encapsulating a month of exhilarating fluctuations. Unlike the usual needle game, the currency began this four-week period at a stable 0.01631, only to experience a notable dip of 0.01624 by the end of March, causing some unease amongst investors. As the financial community braced itself for potential instability, the currency fought back, regaining momentum amidst the whirlwind of transactions across April. The BTN exchange rate bounced back from the downturn, regaining its previous position in the first week of April. However, the stabilization didn''t last long as the currency experienced another low in the second half of the week, dropping to 0.01616 on April 4th, a disappointing decrease for traders betting on the currency''s apparent rally. The turnaround happened from the second week of April, altering the discourse amongst investors. A drastic leap from 0.01623 to 0.0164 on the 10th, followed by a bullish rise to 0.01654 on 12th April, reinforced investor confidence. These recent fluctuations did not just have scalpers in a tizzy but also had long-term investors reconsidering their portfolios. The unprecedented drop and rapid recovery underscore the volatility and unpredictability of the financial markets. However, the relevance of these trends doesn’t limit itself to the currency market alone; it seeps into the broader economy too. With a direct impact on trade, the BTN''s unpredictability could influence import and export dynamics, subsequently affecting commodities'' pricing. On a micro level, businesses dealing in international trade grapple with these rapid alterations, affecting their financial predictions and operations. Such trends might also potentially make investors rethink their global investment strategies. However, even in chaotic waves, some see opportunity. Market-savvy investors with an appetite for risk may find such fluctuations favourable, allowing them to capitalize on both highs and lows, whereas conservative investors might seek safer options during such wild rides. The BTN currency’s performance, landing at 0.01646 by April 19th 2024, demonstrates its swift recovery from previous lows, and once again, market players must decipher their next move in this ever-evolving financial chessboard. As all eyes remain glued to the financial markets, spectators can only guess what the future holds. Given the BTN currency’s resilience in bouncing back, the community awaits the next string of data – ready to strategize and make the next big financial move. Rollercoaster Ride in BTN Exchange Rate Stablizes by April Half

Current Middle Market Exchange Rate

For information purposes only.