2024-04-23 Ngultrum News

Summary of Last Month

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

Statistical Measures

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  • Standard Deviation:

Trend

Overall trend of exchange rates

Looking at the provided data, there's remarkably little variation in the exchange rate over the course of the given time frame. Specifically, the exchange rate starts at 0.01646 on 2024-04-22 00:00:02 and essentially remains stable, fluctuating marginally throughout the given time period. An occasional drop to 0.01645 and a slight rise to 0.01647 is noted occasionally, but overall it's relatively stable around 0.01646. Therefore, we can conclude that the overall trend of these exchange rates is of stability.

Seasonality or recurring patterns

Given the lack of significant fluctuation in exchange rates, discerning any distinct seasonality or recurring patterns becomes a challenge. The exchange rate does fluctuate between 0.01645 and 0.01646 a few times, but we can't necessarily conclude that this is evidence of a clear pattern without further data or context. Therefore, based solely on this data, it's not possible to definitively identify any seasonality or recurring patterns in the changes of exchange rates.

Outliers

Outliers in a data set are values that significantly differ from the other observations. In this data, since most of the values range between 0.01645 and 0.01646, an outlier would be a value is significantly higher or lower than these. From the given data, we note a few instances of values going to 0.01647 and down to 0.01644 which deviates from the range of majority of data points. However, these are not significantly different and therefore we don't observe any major outliers in this data set.

dy In recent financial news, the BTN exchange rates have showcased a picture of remarkable stability. On April 22, 2024, with the world economy intricately intertwined and constantly fluctuating, the BTN demonstrated a sturdiness that stood out conspicuously. Throughout the day, the value of BTN hovered around 0.01645 with very minimal fluctuations. Despite the volatile tendencies that usually characterize the forex market, the BTN rate remained relatively constant, providing a sense of security for investors. Historically, exchange rate fluctuation is a testament to the dynamism of the global economy. However, the steadiness of the BTN exchange rate is a noteworthy observation. This consistent behavior is an irregularity in the finance world, where volatility is the norm rather than the exception. Economic experts have started to weigh in on this rare occurrence, conducting detailed analysis and evaluations. What they''re keen on figuring out is why the BTN exchange rates remained so consistent throughout the day and what this implies for future market activities. Despite the lack of any dramatic shifts throughout the day, analysts have pointed out that this sort of stability could potentially indicate deep-rooted economic strength or a well-managed monetary policy action by the central bank. In a world where fluctuation of currency values is a sign of economic uncertainty, a steady currency can provide a secure anchor. The economy relies not just on steady markets, but also on the confidence of its participants. A stable currency, such as BTN, can enhance investor confidence, hence fueling economic growth. It also reduces the risk of inflation, forging a path for an overall healthier economy. However, it is crucial to remember that everything in the financial world is interconnected. Even minor ripples can generate significant waves in the broader economy. Therefore, maintaining a watchful eye on the developments related to BTN exchange rates is paramount for investors and policymakers. Moving forward, analysts predict that the pattern of the BTN exchange rates may herald a new period of economic stability. However, as with any economic forecast, this prediction is not devoid of uncertainties. Regardless, the rare consistency on April 22, 2024, has undoubtedly sparked intriguing discussions among financial circles, bringing BTN into the spotlight. In summary, while the BTN exchange rate''s steadfastness has been an irregularity, it is an essential development that warrants close attention. Certainly, it augments the need for investors and analysts to continuously monitor market trends, casting light on how even minor fluctuations can have substantive implications. Moreover, it showcases just how fascinating and unpredictable the world of finance can be, even in the face of apparent stability. Stability Reigns Supreme as BTN Exchange Rates Hold Steady

Current Middle Market Exchange Rate

For information purposes only.