2024-05-13 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:

Trend

Overall Trend Analysis

Upon analyzing the data, it's observed that the exchange rate values fluctuate slightly over the given time duration, but do not exhibit a defined upward or downward directionality. Overall, the exchange rate remains relatively stable. The exchange rate starts at 0.01645 on 2024-04-12 and ends near to the same value with 0.01637 by 2024-05-10. Therefore, there is not a clear increasing or decreasing trend within the given timeframe.

Seasonality and Recurring Patterns

Within the period observed in the data, there does not appear to be a clear seasonal or recurring pattern in the exchange rates. The rates fluctuate slightly independently per observation and do not show an obvious periodic trend such as daily highs or lows or a specific weekly trend. This could be attributed to the minor fluctuations in the global market that the exchange rates respond to, which do not necessarily occur in a systematic or predictable manner.

Outliers Detection

An analysis of the data has not exhibited any extensive outliers, considering the exchange rate mostly fluctuates between a rather narrow and tight band. None of the exchange rates varied significantly from the mean or moved outside the standard deviation which could be considered as an outlier. The exchange rate essentially remained within a tight range. This suggests that the exchange rate was relatively stable and there were not any drastic or unexpected variations in the rate over the period observed.

The BTN exchange rate has experienced a series of notable fluctuations throughout the month of April, 2024, illustrating a reflective market response to both global economic trends and local financial conditions. Between April 12th and May 10th, the exchange rate saw a progressive rise from 0.01645 to 0.01654 during the initial trading week. However, this trend mirrored by a moderate decline in the subsequent week, seeing the value drop to 0.01637. After a brief moment of stabilization, the rate experienced minor oscillations, hovering around the value of 0.01650 before ultimately settling at 0.01637 by April 29th. These shifts in the BTN exchange rate are suggestive of cautious investor sentiments, influenced by both local fiscal policy changes and broader economic conditions. Many in the financial sector suspect that these fluctuations might also be a response to uncertainties in the international economic climate, including potential rate adjustments by global central banks. The BTN rate trends are especially important for industries and businesses reliant on international transactions, foreign trade, and global supply chains. Consequently, firms should monitor shifts in the exchange rate closely, considering the direct influence it exerts on their operational costs and profit margins. Interestingly, the mbarking on the following month of May saw the BTN exchange rate stabilizing around the value of 0.01642. While this might not seem drastic compared to earlier alterations, even small advancements in the exchange rate can lead to significant financial consequences in high-volume trades. When gauging the potential economic impact that these fluctuations might have, it is vital to understand them within the current market context. Increased volatility in foreign exchange rates is intrinsically tied to uncertainties in the international economic landscape, which is, in turn, shaped by factors such as political developments, fiscal measures, and commodity price changes. Looking forward, while this data analysis offers a snapshot of recent events, it is but part of the complete financial picture. It is important for investors, businesses, and individuals alike to remain informed about prospective macroeconomic drivers that might influence the BTN exchange rate. In conclusion, the data signifies an era of moderate instability for the BTN exchange rate. As observers, businesses, and financial institutions speculate about future trends, the need for a careful analysis of global and local economic indicators is paramount. The future might hold further fluctuations; thus, preparedness and proactive adaptation are the keys to navigating the unpredictable terrains of financial markets.BTN Exchange Rate Sees Moderate Fluctuation in Mid-April

Current Middle Market Exchange Rate

For information purposes only.