2024-05-06 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:


Understanding the Overall Trend of the Exchange Rates

The exchange rate of BTN from 5th April 2024 to 3rd May 2024 seems moderately stable. It starts at 0.01623 on 5th April, dipping slightly a few times, but then steadily increasing and reaching a high of 0.01654 on 12th April and 15th April. Towards the end of the period, the rate tends to decrease to 0.01641 on 3rd May. While there are slight fluctuations, the overall trend doesn't show severe fluctuation.

Identifying Seasonality within the Exchange Rates

A detailed analysis of the timestamps indicates that there might be a daily cycle where the exchange rate reaches a peak in the late mornings after which it drops and somewhat stabilizes over the afternoon and night. However, given the short duration of the dataset, it's hard to confirm seasonality. Further observations over a longer period would provide the data necessary to cement this pattern.

Noting Outliers within the Exchange Rates

There aren't significant outliers in this dataset as the BTN exchange rates fluctuate within a close range. However, some potential anomalies include the sudden peak to 0.01654 on 12th and 15th April, which are a slight deviance from the general trend around those days. Despite these modest peaks, they don't seem to disrupt the overall stability of exchange rates during this period.


For a more detailed and accurate analysis, collecting data over a more extended period would be beneficial. Trends and patterns become more apparent and reliable with a larger dataset. Additionally, understanding external factors such as market conditions, financial news, and reports can provide valuable context for sudden fluctuations in the exchange rate.

Market Attention The financial world has been hit with an unexpected twist, with the BTN exchange rates displaying an astounding level of stability over a notable period. Whispers among financial gurus have swiftly escalated into clamorous discourse as people seek to understand the state of affairs. Looking at the BTN time-series data from early April to the start of May 2024, there''s a fascinating tale of consistency interwoven into its fabric. Despite the interplay of various economic factors that typify the financial market, the BTN rates have remained stubbornly within the confines of a minute bracket. The stability started manifesting around 5th April 2024 and stretched all the way to 3rd May 2024. Throughout this time, the BTN oscillated within the bounds of 0.01622 and 0.01654, a range market analysts describe as strikingly narrow for such a duration. This phenomenon is especially captivating considering the volatility synonymous with exchange markets. Currency exchange rates are typically at the mercy of numerous fluctuating factors, including international relations, inflation rates, economic performance indicators, and speculation. Yet, BTN appears to have deflected these influences, raising more questions than answers. While this may seem like a mundane event to the uninitiated, this occurrence is a big deal for day traders, currency strategists, and multinational enterprises extensively engaged in forex markets. The stability minimizes their exposure to exchange rate risk, thereby offering a predictable basis for strategic decisions. Likewise, this can have wider implications for the economy. Barring the influence of other variables, such stability often depicts a healthy economic outlook, embodying controlled inflation rates, and robust monetary policies. On the flip side, some experts caution against celebratory sentiments. They contend that while it portrays a non-volatile market presently, it should not be misconstrued as a guarantee of future constancy. The currency market remains a complex system influenced by ever-changing economic, political, and social dynamics that could trigger a seismic shift in the exchange rate with little notice. Looking ahead, all eyes are set on the future trajectory of the BTN exchange rates. Traders, investors, and analysts will be watching keenly for any cracks in this picture of stability that could signal a return to the standard volatile patterns. Economic forecasters will also be scrutinizing various market indices and global economic events for cues that might hint at the path ahead. As the financial world grapples with this curious stability, it is a stark reminder of the unpredictability that defines monetary markets. It serves as an invaluable lesson for traders and financial strategists- that despite historical trends, the future always carries an inherent measure of uncertainty.Surprising Stability in the BTN Exchange Rates Captures Market Attention

Current Middle Market Exchange Rate

For information purposes only.