2024-04-18 Rupiah News

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Data Analysis Results

After analysing the given time-series data, I discovered a few key insights.

1. Overall Trend of Exchange Rates

Throughout the given timeframe, the IDR exchange rate tends to fluctuate between 8.0E-5 and 9.0E-5. Observably, within the 24-hour period, the rate frequently shifts from 9.0E-5 to 8.0E-5, indicating a cyclical pattern. However, it's important to note that we don't see any clear ascending or descending trend. The exchange rate appears relatively stable, with only slight daily variations.

2. Seasonality in Exchange Rates

While there isn't a significant yearly or monthly seasonality that we can determine from the provided data, we do see cyclic fluctuations happening on a daily level. The exchange rate tends to oscillate between 9.0E-5 and 8.0E-5 within the day.

3. Outliers in the Data

In the given data, no apparent outliers exist. All exchange rate values either stand at 9.0E-5 or 8.0E-5. No significant deviations from these figures are observed, implying that the exchange rates remained within this predictable range during the analyzed period.

The neat and regular fluctuation between these two exchange rates suggest a highly regulated scenario. In a typical market condition, one would expect to see more irregularities.

Key Conclusions

  • Throughout the covered period, the exchange rate trend appears to be quite stable, showing minor daily fluctuations but no clear upward or downward trend.
  • The exchange rates show a daily pattern of cycling between 9.0E-5 and 8.0E-5.
  • There are no noticeable outliers in the dataset, signifying a consistent exchange rate pattern during the provided timeframe.

Note that these conclusions are purely data-driven and do not take into account external factors such as geopolitical events, economic news, or changes in market policies. They should be used as a reference point for further, more detailed analysis.

tability is witnessed in the Indonesian Rupiah (IDR) exchange rate throughout the day on April 17, 2024. The extensive time-series data provided indicate an anomaly in IDR''s stability that lasted for almost 24-hours. The slightest fluctuation in the exchange rate paints a clear picture of stable local economics, baffling financial experts and market watchers. The timestamp marking the start of the stability was recorded as early as 00:00:02, with the IDR rate pegged at a constant 9.0E-5. The steady recording lasted up to the period 04:30:02, where it plummeted to 8.0E-5 before bouncing back at 04:40:02. The stability of IDR against global currencies is commendable amidst market storms. Typically, inter-market fluctuations are profiled by spikes and troughs in the data chart. However, what''s transpiring with the IDR exchange rate seems to go against the grain. Despite few sporadic shifts between 9.0E-5 and 8.0E-5, the rate has managed to maintain a neck-breaking stability most of the time. This stable IDR rate indicates a robust local economic environment free from major shocks, a pure market indicator of confidence in the economy by foreign investors. It''s an unexpected yet pleasant surprise for market participants, particularly in these volatile financial times when currencies are continually buffeted by economic and geopolitical events. The absence of wild fluctuations in the exchange rate for such an extended period is unprecedented and suggests strong governmental intervention in the economy and financial market. This unusual event puts into perspective the government''s ability and willingness to maintain stability amidst changing global economic tides. However, it''s essential not to overlook certain potential risks associated with such extensive currency stability. Has the government pegged the IDR to maintain this stability artificially? If so, how long will this policy last, and what will the consequences be when the policy ceases? The future implication of this observed IDR stability might lead to an increase in foreign direct investment (FDI) as the investors would see the market as a safe haven due to lack of risk associated with foreign exchange rate fluctuations. Although this is a positive outlook, an unnatural IDR stability might lead to sudden shocks after the policy ceases - thereby affecting the financial market and Indonesia''s economy. In upcoming financial news, we will be watching out for any government policy announcement pertaining to IDR or its economic approach to cushion its currency. Also, we would keep an eye out for the IDR trend in the next week to see if the stability persists. For now, however, it seems that the Indonesian government has succeeded in maintaining an incredibly stable IDR exchange rate amidst global market fluctuations.amatic IDR Stability Amid Market Fluctuations

Unusual stability is witnessed in the Indonesian Rupiah (IDR) exchange rate throughout the day on April 17, 2024. The extensive time-series data provided indicate an anomaly in IDR

Current Middle Market Exchange Rate

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