2024-04-16 Pula News

Summary of Last Month

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  • Difference of Daily High & Low:

Statistical Measures

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Trend

An Overview of the Trend in Exchange Rates

The data provided indicates a general slight discrepancy in the BWP exchange rate over the specified timestamp. The values from the data oscillate within a small range, which leads to the assessment that the rates remain relatively stable in this given period. However, there's a noticeable slight overall downward drift in the value of the exchange rate throughout the time frame.

Seasonality or Recurring Patterns

From the available data set, it's challenging to determine an exact seasonal pattern in the changes of exchange rates. Time series data seems noise with only minute changes in the exchange rate observed. The data provided may not be enough to represent an annual trend, and specific daily patterns may not be concluded from this data either. Nonetheless, minor fluctuations are noteworthy, but may not be necessarily attributed to seasonality.

Exceptions and Outliers

Highlighting the outliers is an indispensable part of financial analysis. In this dataset, a noticeable jump in the exchange rate can be seen around a timestamp '2024-04-15 20:05:03', from 0.10006 to 0.09964, which represents the most substantial single drop in the dataset. Additional data and context would be beneficial in explaining such sharp declines in the rate.

In conclusion, while time series data represents the exchange rate at different timestamps, it also presents the variations that may occur due to external factors that we don't consider in this analysis. However, it is always advantageous to have comprehensive data over a longer timeframe to perceive any distinct or recurring trends better.

nge Rates On 15th April 2024, the Botswana Pula experienced a captivating series of fluctuations in exchange rate against other currencies. This event, which progressed over the course of 24 hours, highlights the unpredictable and intermittently volatile nature of financial markets. During the day, the Botswana Pula (BWP) underwent substantial shifts, which saw the exchange rate fell to a daily low of 0.09958 in the morning from an opening rate of 0.10023. This decline characterized the first uneven patches of the day in the time-series data for the BWP currency. However, later during the day, an unexpected change occurred. As the hour approached midday, the BWP initiated a significant rebound, an unexpected positive change that analysts credit to later market activities. By the time the day closed, the exchange rate had recovered to 0.09968, just marginally beneath the day''s start, after reaching a high of 0.10007 during late hours. This dynamic event signifies the capriciousness of financial markets. One factor that could have given rise to this variable course is a substantiated increase in trading volume happening throughout the day — a routinely observed phenomena, based on day''s initiation and conclusion. The Botswana Pula’s market behaviour on 15th April can be seen as a microcosmic illustration of broader global exchange markets. Relevant factors, such as global socio-economic dynamics, domestic financial policy, and market sentiment, all contribute to a currency''s performance on any given day. However, such localized fluctuations seldom detract from a currency’s overall long-term stability or value, and this episode hardly dented the BWP’s standing in the international currency exchange tableau. Looking forward, market enthusiasts and foreign exchange traders may need to take note of the Botswana Pula''s behaviour. Abrupt shifts like these not only create a dynamic market for day traders but also serve as case studies for financial analysts trying to predict future market behaviour. In the long run, it remains to be seen whether the BWP will uphold its stability and how it will navigate the sharply turning bends posed by the global economy. Today''s incident presents a snapshot of a fluid marketplace, where fluctuations are standard and the unexpected turns into expected. But with foresight and understanding of past market trends, navigating tomorrow''s uncertainties becomes all the more plausible.Early Morning Plunge Recovers by Day

Current Middle Market Exchange Rate

For information purposes only.