2024-04-16 Rupiah 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:


1. Analysis of Overall Trend

Upon reviewing the provided dataset, it is apparent that the exchange rates have remained constant for the given duration. The IDR exchange rate was consistently observed at 9.0E-5 for all the timestamps given, indicating no apparent rise or fall. This implies that, over the analyzed duration, the exchange rate has demonstrated complete stability without any variability.

2. Seasonality or Recurring Patterns

Seasonality or recurring patterns in data are usually indicated by predictable and repeating patterns observed in the data over regular intervals. However, given the nature of the dataset provided, such patterns could not be discerned. Since the IDR exchange rate remained constant at 9.0E-5 across all the timestamps without any fluctuations, it is not possible to identify any seasonal trends or recurring patterns in this case.

3. Identification of Outliers

An outlier is a data point that differs significantly from other observations. An outlier may be due to variability in the data or it may indicate experimental error. The outlier data can distort predictions and affect the accuracy, if you don’t detect and handle them appropriately especially in modelling algorithms. In this dataset, however, no outliers were detected. As previously noted, all IDR exchange rate values remained constant at 9.0E-5 across all the timestamps, with zero variability.

To obtain better insights from this data in the future, it would be beneficial if the data consisted of a wider range of variations in the exchange rates over time.

a surprising event, the Indonesian Rupiah (IDR) maintained a stable exchange rate for an entire day on April 15, 2024. Financial experts were left stunned and intrigued by this unusual phenomenon. In the fluctuating world of currencies, this occurrence certainly stands unique and worth analyzing. The IDR started the day at 9.0E-5 and intriguingly enough, displayed the same figure at 23:55:02 on the same day. Stability in the forex market is a rare occurrence and typically, exchange rates go through minute to substantial shifts within seconds. Still, the IDR maintained an even pace, unswayed by the geopolitical temperatures or indigenous economic indicators for a whole day. Such incredible stability of IDR fuels both concerns and approbation among industry insiders. Market stalwarts are attempting to ascertain the factors that led to such consistency and whether this could be a signal for a forthcoming significant change in the currency''s value. Economics professor at the University of Indonesia, Dr. Sutanto, says, "This is a very rare event, barely seen in currency markets. It might indicate a highly controlled economic environment or hint at an impending substantial price movement." This exchange rate stability could be the result of a number of controlled economic scenarios - strong government regulations, economic policy changes on the horizon, or perhaps a mere coincidence. Nevertheless, it underscores the strength of Indonesia''s economy and the government''s control over fiscal policy. The IDR''s steadfastness could have significant implications for both domestic and international investors. A stable currency reduces foreign exchange risk for investors and could spur foreign direct investment (FDI) into the country. On the other hand, businesses that rely on exchange rate fluctuations for profits might find this an uninspiring state of affairs. Market analysts are keeping a watchful eye on IDR''s performance in the coming days. It is yet to be seen whether this trend of stability continues or if it gives way to the typical ups and downs of currency trading. Financial pundits and investors alike will be watching for any signs of a change in government policy or economic indicators that could cause a shift in the IDR''s value. Looking forward, several factors warrant close attention. These include Indonesia''s upcoming quarterly GDP report, government''s policy stance towards forex market intervention, and the global geopolitical climate, which can profoundly impact currency values. However, for now, the IDR''s unyielding stability becomes the talking point within financial circles and beyond. In the quest to stay profitable, a watchful eye on the IDR''s performance becomes the order for the day for every investor.Stable IDR Exchange Rate Persist for a Full Day

Current Middle Market Exchange Rate

For information purposes only.