2024-04-29 Ngultrum News

Summary of Last Week

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

Statistical Measures

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  • Standard Deviation:

Trend

1. Understanding the overall trend of the exchange rates

The exchange rates fluctuate within a small range over the period shown in the data. The rates mainly range roughly between 0.01615 to 0.01655. There is no explicit increasing or decreasing trend in the rates. Instead, the rates seem to consistently sway around the mean, albeit within a small range.

2. Identifying Recurring Patterns

It seems there might not be clear recurring patterns based on a daily scale in this data set. Even though there are minor fluctuations from day to day, it doesn't appear though there's a particular pattern where the exchange rates increase or decrease regularly on specific days of the week or times of the day. More granular data or a longer period of data may be required to identify any clear patterns or seasonality.

3. Noting Outliers

Looking at the provided data, there doesn't seem to be any significant outliers. An outlier would represent a moment where the exchange rate significantly differs from the local average, but the fluctuations in this data set remain reasonably uniform. The exchange rate remains mostly within the established range, with no drastic or unexpected changes.

Please note that exchange rate forecasts may get more accurate with the help of additional data such as other global exchange rates, global macroeconomic indicators, geopolitical contexts, and local economic indicators.

t Fluctuations In the face of recent global economic uncertainty, BTN exchange rates have seen notable fluctuations. Spotting at 0.01624 on March 29, 2024, to a significant peak of 0.01654 on April 12, 2024, the exchange rates have provided analysts with a fast-paced and divergent market to dissect. From the initial date of March 29, 2024, the exchange rates remained fairly stable, fluctuating within the small range of 0.01623 to 0.01625. However, the financial outlook quickly developed in complexity as April rolled in. The BTN can be seen to slowly increase in variation, continually reaching new highs. On April 10, 2024, the market reached a significant turning point. The exchange rate soared to 0.0164 by the morning, and by midday it had hit 0.01645, a surge not previously witnessed since the beginning of the examined time series. This rapid upward swing continued over the next couple of days hitting its zenith on April 12, 2024, with the exchange rate escalating to an impressive 0.01654. This event shook the market, setting a new precedent for all market participants. The cause? Several factors including economic policy announcements, shifts in market sentiment. But this dramatic escalation did not last. As quickly as it rose, the exchange rate went on a downward trend, oscillating between 0.01642 and 0.01654 for the rest of the observed period. These fluctuations could be attributed to corrections in the market and reactions to more macroeconomic factors. However, an in-depth look reveals more than just numbers. The incessant variations in the BTN exchange rates paint a picture of a highly volatile market, moved by several dynamic economic factors. From macroeconomic indicators to geopolitics and policy changes, a multitude of aspects come into play, affecting the ebb and flow of the BTN market. But what does the future hold? BTN''s rollercoaster ride is far from over. While the data provided ends on April 26, 2024, with the BTN exchanging at 0.01642, market watchers and investors alike should brace for more action. Indeed, the financial world is not just about past trends or even the present performance. It''s the future implications that ignite the most interest and anticipation. As potential geopolitical developments and policy reviews loom, observers and participants should expect further fluctuations in the BTN exchange rates through 2024 and beyond. As with any economic forecast, uncertainty is the only certainty in such volatile times. However, one thing always holds true - as changes come and go, they inevitably bring new opportunities and challenges to the financial fore. Only time will reveal how the BTN behaves in response to these situations. In the meantime, experts suggest watching out for key economic indicators and forthcoming policy announcements that could potentially impact the market.Rising BTN Exchange Rates: An In-Depth Analysis of Recent Fluctuations

Current Middle Market Exchange Rate

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