2024-04-23 Pataca News

Summary of Last Month

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

1. Overall Trend Analysis

Upon reviewing the dataset, it can be observed that the exchange rates tend to fluctuate within a relatively narrow range. An increasing trend appears in the data from 0.16954 to 0.17039. Though there are minor fluctuations, the rate generally returns to its original value. However, later there is a visible decrease in the rate towards 0.16955. Hence, it can be concluded that over the period shown, the exchange rate generally remained stable with minor fluctuations.

2. Seasonality or Recurring Patterns

As this dataset is only for a single day and does not cover enough period to clearly identify any seasonality or recurring patterns at a daily, weekly, or monthly level. However, during the day, we can somewhat observe certain volatility periods. For instance, the exchange rate tends to slightly increase around 00:25, 02:20, and 02:55, and it decreases around 06:25, 09:45, and 11:20. Although this can't be confirmed without data for more days.

3. Observations on Outliers

For this particular day, exchange rates seem to fluctuate within a very limited range, thus there were no significant outliers observed. The biggest drop happening at 06:25 from 0.17020 to 0.16988 could potentially be considered as a minor outlier due to its sudden drop. Again, without more comprehensive data, it remains challenging to determine if this rate differs significantly from what would be expected based on the trend or seasonality.

It's critical to note that because exchange rates are influenced by a wide range of factors including macroeconomic indicators, market sentiment, and geopolitical events, the trends observed in places are likely subject to change with different external conditions and events.

mance Reflecting on the financial time-series data for April 22, 2024, the Macau pataca (MOP) has shown notable variability against the comparative standard. As per the records, the exchange rate commenced the day at 0.17026, surging as high as 0.17039 in the early hours, only to experience a slight dip, and then recuperate to close the market at 0.16986. From the onset, the MOP began the day showing minute gains which could be seen as a positive signal for foreign traders who, through such steady climbs early in the day, could leverage and lock-in favorable trade deals. However, the financial landscape within the currency exchange markets is renowned for its volatility, a fact underscored by the day''s observed MOP performance. Around late morning, the MOP took a surprising dip from 0.17020 at around 6:20 to 0.16988 five minutes later. This sharp downturn provides lessons for both experienced and prospective investors regarding the susceptibility of currency markets to rapid changes. Further, it illustrates the importance of real-time data in financial decisions. As quickly as the MOP plunged, it managed to regain stability and maintained a fairly even range throughout the afternoon, demonstrating the currency''s resilience. The late evening, however, brought dynamic shifts, as the MOP rate surged to 0.16977 at 8:05, from 0.16952 just five minutes prior. This striking jump could potentially be attributed to a host of reasons ranging from geopolitical influences to changes in economic health, underlining the complexity of the financial arena. Analyzing this day''s flux in the MOP exchange rate, investors might ponder the risk and return aspect of currency trading. While the risk of losses is inescapable, the potentiality for high returns remains enticing. Additionally, it emphasizes on the role technological advancements play in modern trading, enabling real-time access to data, aiding in sound and timely financial decisions. For the future, monitoring the MOP performance would help chart out trends and patterns that might be beneficial for predicting market behavior. Moreover, applying financial analytics using complex algorithms could give traders an edge in understanding potential market movements, assisting in risk management. In conclusion, the April 22 performance of the MOP in the exchange market underscores the necessity of staying updated with real-time data, understanding underlying market forces, and maintaining a clear risk-return trade analysis. As the markets continue to fluctuate, traders should be on the lookout for similar trends and significant impacts that might shape their financial strategies moving forward. Exchange Rate Fluctuations Continue to Impact MOP Performance

Current Middle Market Exchange Rate

For information purposes only.