2024-04-22 Rupiah News

Summary of Last Week

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Overall Trend of Exchange Rates

Observing the provided data for the Indonesian Rupiah (IDR) exchange rate over several timestamps, it's apparent that the rate experiences minor fluctuations, but remains remarkably stable overall.

Seasonality or Recurring Patterns

Upon careful examination, no clear seasonal or recurring patterns in the fluctuations of the exchange rates can be discerned within the given dataset. The rates exhibit minor fluctuations, but no consistent or repetitive pattern emerges. However, a much more extensive and long term dataset would be required to accurately determine any potential seasonal trends, as these would typically manifest over extended periods of time.

Identification of Outliers

The dataset does not show any significant outliers where the exchange rate differs widely from the general trend. There are two noticeable drops to 8.0E-5, but these recover back to 9.0E-5 shortly afterwards, aligning again with the consistent fluctuations observed throughout the rest of the dataset. As such, these two instances do not represent significant deviations from the general trend.

External Factors

As per the request, the analysis has not taken into consideration any external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. This analysis is purely based on the data given. However, in real-world scenarios, these factors certainly do have notable impacts on financial market trends including exchange rates.

Lastly, no forecast for future rates is provided in accordance with the request. This analysis focuses only on examining and interpreting the data provided.

In conclusion, the IDR exchange rate has been relatively stable with minor fluctuations within the range of 8.0E-5 to 9.0E-5. No clear seasonality or recurring patterns have been identified. However, only a comprehensive analysis over a more extended period may reveal more in-depth trends and patterns.

April For several weeks, the Indonesian Rupiah (IDR) exchange rate has demonstrated a consistency bordering on the monotonous. This stability, marking its presence from March 22nd to April 19th, 2024 had briefly relented in the first and the second weeks of April, showing a slight fluctuation. This is according to the latest financial time-series data sourced from the international forex market. Between March 22nd and April 1st, the IDR exchange rate stayed at a solid 9.0E-5. However, as the calendar moved into April, the uniform nature of the IDR exchange rate shifted. On April 1st, it dipped to 8.0E-5, marking the first notable movement within the period. Interestingly, this dip was followed by a seemingly decisive recovery the same day, totalling back to 9.0E-5, only to display a downward trend on April 3rd for much of the day''s trading session. This dip and subsequent recovery within such a short time frame prompted intrigue and curiosity among forex analysts, economists, and likely many ventures whose business operations depend heavily on forex stability. While the dip wasn''t enormous, shifts in currency exchange rates can significantly affect international trade, investment decisions, and, more importantly, the wealth of nations. What was the impetus for this brief disruption in IDR''s stability? It''s challenging to pinpoint a single cause. Exchange rates are susceptible to a variety of factors - from macroeconomic fundamentals, inflation rates, interest rates discrepancies, to geopolitical events. As this inconsistency coincided with the first week of April, it''s plausible to hypothesize that corporate fiscal reports and government fiscal policy months might have had a hand in this fluctuation. What we can confirm is that the market reacted to this change calmly. Although there was a drop, it didn''t drastically change the landscape considering the rate reverted to the norm on multiple occasions, reflecting the robust nature of the IDR against market changes. The fact that this dip was temporary and didn''t create a downward spiral is a testament to the economy''s resilience. Temporary disturbances are commonplace in the world of financial trading. They are the reason risk management and financial analysts exist in the first place. Looking forward, experts and investors will be keen to see how the IDR exchange rate performs in the coming weeks. The month of May is considered a critical period as it displays the economic performance of the Q2 period. If the IDR maintains its stability or quickly recovers from mild temporary dips, it further lends credence to the strength and steadiness of the IDR. Being able to predict market behaviour, and thereby strategizing trading, plays a vital role in the world of finance. So keep your eyes peeled on the market trends moving forward.Steady IDR Exchange Rates Experience Slight Dip in Early April

Current Middle Market Exchange Rate

For information purposes only.