2024-04-19 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:

Trend

Firstly, to interpret the dataset correctly, the data provided is a series of timestamps and exchange rates for Indonesian Rupiah (IDR). The timestamp records the date and time the exchange rate was registered. The IDR exchange rate seems to be in the range of 8.0E-5 to 9.0E-5.

Overall Trend of Exchange Rates

The data suggests the overall trend of IDR exchange rate is quite stable within the time period given. There are fluctuations between 8.0E-5 and 9.0E-5, but no general increasing or decreasing trend can be observed. The exchange rate frequently oscillates between these two values throughout different times, reflecting the constant changes in the currency market.

Seasonality or Recurring Patterns

This dataset doesn't manifest any apparent seasonality or recurring patterns. The abrupt oscillations persist throughout the whole timeframe and there is no noticeable regular upswing or downswing pattern. It seems that the exchange rate at any given timestamp is independent of the rate at preceding or following timestamps.

Outliers Identification

In this dataset, no outliers are identifiable that could have been resulted due to major financial news or market dynamics. All exchange rate values are confined between 8.0E-5 to 9.0E-5, none being significantly deviating from these bounds. Hence, all rates fall within the normal expected range and there doesn't appear to be any abnormalities or outliers.

Please note that as per instructions, this analysis is purely based on the given dataset and does not account for other potential influential factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Furthermore, no forecast for future rates was generated. This is merely a descriptive analysis of the IDR exchange rates behaviour based on the provided data.
er Time The Indonesian Rupiah (IDR) has experienced minor fluctuations in recent times, showcasing a typical volatility seen in currency exchange markets across the globe. Our comprehensive dataset analysis throws light on these subtle but various shifts in the IDR''s value on 18th April, 2024. This time-series data, recorded from midnight to almost midnight, indicates a repeated pattern of minor changes in exchange rates, hovering between 8.0E-5 and 9.0E-5 consistently. Though these alterations may seem insignificant on the surface, they hold importance in the realm of economic and financial markets. The consistent wavering of the IDR''s value portrays the currency''s unstable position during this period. Throughout the day, the IDR''s rate oscillated mainly between 8.0E-5 and 9.0E-5, a narrow, yet noteworthy gap of 1.0E-5. These fluctuations may seem minor to the untrained eye but for investors, traders, and even the everyday consumer, understanding these changes can be quite crucial. The volatility of a currency''s exchange rate can impact trade in the global market. For countries that deal significantly with Indonesia or businesses that partake in foreign exchange transactions, even these small changes can deliver significant economic implications. Increased volatility often signifies greater risk, hence, investors and businesses must thoroughly factor in these changes before making any financial decisions. The cause behind the exchange rate''s instability could be attributed to various factors such as changes in the current account, capital flow, or even Indonesia''s monetary policy decisions. Other international factors, like the strength of other currencies and global market trends, also add to this complexity. While we cannot predict the IDR''s movements accurately, tracking these fluctuations enables financial institutions, investors, and businesses to strategize and make informed decisions. Investors speculating on the IDR''s future may see these consistent fluctuations as either an opportunity to profit or a risk to avoid. Businesses, on the other hand, might employ hedging techniques to manage potential losses due to currency risk. Looking forward, these oscillations in the IDR rate could be an important sign for market-watchers. If this trend continues, it may reflect increased uncertainty in Indonesia''s economy, affecting investment decisions. Alternatively, the variations could also level out, leading to increased stability. Market participants should therefore maintain a careful eye on future IDR movements to best navigate their financial decisions. This analysis serves as a reminder of how minor shifts in the financial market can often harbinger significant implications. It''s thus incumbent, for everyone involved, to stay informed and to stay prepared - for financial markets, as this instance demonstrates, can change in the mere blink of an eye.Exchange Rate Volatility: IDR Sees Minor Fluctuations Over Time

Current Middle Market Exchange Rate

For information purposes only.