2024-05-14 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:

Trend

Unfortunately, with the given data, a comprehensive analysis is quite limited. This is because the IDR exchange rate provided is constant at 9.0E-5 from 00:00:02 until 03:10:02 and afterwards remained constant at 8.0E-5 for the remainder of the timestamps.

Trend Analysis

From the given data, there seems to be only one significant trend in the exchange rates. This trend is a drop from 9.0E-5 to 8.0E-5. This drop occurred once, at a timestamp of 03:10:02 and is remained constant. So, the overall trend within this data set for the period shown is a decrease. There is no other notable trend in the data.

Seasonality Analysis

As the data occurs within one day only (2024-05-13) and the exchange rate after 03:10:02 is constant, it's difficult to identify any seasonality or recurring patterns in the changes of the exchange rates. A larger span of data collection across multiple days, weeks, or even months would be required in order to detect any meaningful seasonal trends or patterns.

Outliers

Within the data set provided, there are no notable outliers. Given that the exchange rate only changes once after 03:10:02, all other values fall perfectly into the established trend. An outlier would be a significant deviation from the 9.0E-5 or 8.0E-5 values, but there are no such instances in the data provided.

In conclusion, the given data set offers a very limited view and provides sparse information on trends, seasonality, and outliers. A more comprehensive and varied data set would definitely offer a more in-depth understanding of the exchange rates behavior.

ses Speculations" In an unusual pattern, the Indonesian Rupiah (IDR) demonstrated a surprising level of stability against the dollar in the 24-hour interval starting from early morning on May 13, 2024. Ordinarily, the IDR, as with other currencies, experiences fluctuations that reflect global and national economic trends. However, a novel sequence of unbroken consistency materialized in the data, triggering surprise among investors. The exchange rate figures spanning this time frame were mainly stable at 8.0E-5, after an initial short period where the rate stayed at 9.0E-5. Crucially, from approximately 03:10:02 until the end of the day, the rate did not deviate from 8.0E-5. This enigmatic steadiness, practically unheard of in foreign exchange history, is stirring conjectures among economists and market strategists. Foreign exchange volatility is the lifeblood for FOREX traders, who typically capitalize on small, rapid changes in exchange rates. Yet, for an extended window of 24 hours, the constant IDR rate has left them intrigued and somewhat perplexed. With no significant economic news or policy shifts announced that day, the cause of this unique pattern, codenamed ''Digital Dead Reckoning'' in industry circles, remains elusive. Analysts speculate that this uncharacteristic equilibrium could be due to reduced international trading of Rupiah or perhaps an unusually balanced demand and supply of the currency in the market. Alternatively, some observers wonder if this could indicate the emergence of a new ''pegged'' philosophy of IDR against the dollar, similar to the practices seen in China or Saudi Arabia. However, the Central Bank of Indonesia has not announced any significant shifts in monetary policy, casting doubts on these theories. The IDR stability phenomenon, while puzzling for traders, may, for now, benefit Indonesian companies with dollar debts. A stable IDR against the dollar reduces the foreign exchange risks these firms encounter, particularly when repaying their obligations. Yet, the more long-term repercussions of this unexpected stability are unclear. If this becomes a recurring pattern, it may adversely impact FOREX trading due to decreased volatility in this pair, affecting the revenue of numerous global trading firms. Going forward, all eyes are on the Central Bank of Indonesia and how it interacts with the foreign exchange market. Potential future shifts in monetary policy, coupled with the global economic recovery from the recent pandemic, may significantly impact IDR''s volatility while possibly leaving deeper footprints in the international financial landscape. In the meantime, analysts, economists, and traders await the unlocking of this intriguing ''Digital Dead Reckoning'' puzzle with bated breath."Significant 24-Hour Stability in IDR Exchange Rates Raises Speculations"

Current Middle Market Exchange Rate

For information purposes only.