2024-05-03 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:


Understanding the overall trend of the exchange rates

From the data provided, we observe that the IDR exchange rate remains stable for a significant period (from "2024-05-02 00:00:02" to "2024-05-02 10:15:03") at 8.0E-5. Post this, there is a noticeable increase in the rate to 9.0E-5, which again continues to hold steady for the remaining period with intermittent dips back to the original rate of 8.0E-5. Therefore, overall, the IDR exchange rate appears to be relatively stable, with a slight increase midway through the provided timestamp.

Identifying any seasonality or recurring patterns in the changes of exchange rates

Given the relatively stable IDR rate exhibited, there doesn't seem to be an obvious pattern of seasonality in the data set. The few downturns that occur do not show any recurring time-based pattern. However, it should be noted that to understand or ascertain seasonality, we might need a more extended period data.

Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality

In this dataset, the significant jump from 8.0E-5 to 9.0E-5 at the timestamp "2024-05-02 10:20:04" can be treated as an outlier, given the otherwise stable value of the IDR rate observed. Similar, though less significant outliers can be noted when the exchange rate drops back to 8.0E-5 intermittently amidst the more prevalent rate of 9.0E-5. A thorough inspection of external factors or a more elaborate data set might be necessary to explain these outliers appropriately.

h1> A recent analysis of the financial market data reveals a remarkable trend in the Indonesian Rupiah (IDR) exchange rate. On May 2, 2024, the IDR maintained a steadfast exchange rate for a considerable period before showing a slight change, which sparked interest amongst market analysts and investors. The analysis involved the use of time-series data spanning several hours, revealing that the IDR spent the majority of the day locked at 8.0E-5 before ticking up to 9.0E-5 in the late morning. This increase, although seemingly minimal, held for the rest of the day, showing only minor fluctuations within the same bracket. The slight upswing in the IDR was unanticipated, given Indonesia''s currency has demonstrated unusual stability for the significant part of the day. The impromptu upward adjustment indicates critical market factors at play, possibly triggered by market sentiment, governmental policy, or even a sudden influx of foreign investments. This sudden IDR stability defied the day-to-day volatility typically seen in global currency markets. Economists and financial analysts have suggested that this remarkable IDR steadfastness could be attributed to a stable economic environment, which can help maintain the value of the nation''s currency. The stability story of IDR also paints a broader picture of the Indonesian economy. It not only signals a consistent economic environment but also potentially attracts foreign investment, positioning Indonesia as an attractive market for international businesses and reinforcing its reputation on the global financial stage. While stability can be attractive, it also raises questions about the IDR''s resilience to shocks. The slightest change in exchange rate can have far-ranging implications for both domestic and international trade. For investors, in particular, prediction of future trends becomes a challenge. As the world grapples with economic uncertainties brought about by various geo-political shifts and policy changes, a key area of focus is the robustness of national currencies. Despite the IDR''s remarkable show of stability, the question remains how resilient it would be in the face of external shocks. Looking forward, indicators suggest that this pattern might not be a one-off. Market watchers should keep an eye on upcoming economic data and global events that might impact the IDR''s stability. As Indonesia continues to solidify its place in the global market, the strength and stability of the IDR will undoubtedly remain a critical area of interest. In conclusion, while the steadiness of the IDR exchange rate serves as a testament to the Indonesian economy''s resilience, how it navigates future uncertainties will be the true measure of its strength. Will the IDR maintain its steady ascent, or will global market pressures steer it off its current trajectory? Time, as they say, will tell.Unwavering IDR Stability Holds as Investors Look Ahead

Current Middle Market Exchange Rate

For information purposes only.