2024-05-16 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:


Overview of the Exchange Rate Trend

The given dataset provides a snapshot of the changes in exchange rates (IDR) against a particular currency over specific time intervals from 2024-05-15 00:00:02 to 2024-05-15 23:55:02. As per the provided data, the exchange rate remained stable at 8.0E-5 until '2024-05-15 02:15:02', post which it shows an increase to 9.0E-5 and remained constant thereon for the given period.

Seasonality and Recurring Patterns

Based on the data provided, we can't clearly deduce any seasonality or recurring patterns. The change in the exchange rate from 8.0E-5 to 9.0E-5 at '2024-05-15 02:15:02' could be due to multiple reasons, but since there are no subsequent fluctuations in the rate it's difficult to tie this to a seasonal or a recurring event.

Outliers Analysis

The analysis of this dataset does not present any apparent outliers. An outlier in this scenario would typically be a significant transient spike or drop in the exchange rate value. Given the data, the exchange rate shows a steady behavior, with only one point of change from 8.0E-5 to 9.0E-5. This change is consistent thereafter and does not meet the criteria of an outlier as such but seems more like a systemic shift.

To summarize, while there is a noticeable shift in the exchange value at the time '2024-05-15 02:15:02', the cause behind this can't be ascertained exclusively from the data. There appears to be no seasonality or potential outliers in this exchange rate dataset.

/h1> The Indonesian Rupiah (IDR) displayed a robust and unwavering character amid fluctuating global economic conditions, propelling a notable increase that speaks volumes about the country''s thriving economy. From midnight of May 15, 2024, the exchange rate of the IDR was recorded at a solid 8.0E-5. This pattern of stability remained for a significant duration, displaying a consistent performance that lasted throughout the early hours of the day. However, at 02:15 am, an unexpected but positive deviation was observed. There was a surge in the IDR exchange rate, moving up to 9.0E-5. What is intriguing and commendable is the sheer steadiness that followed this abrupt increase. Rather than reverting to its prior rate or experiencing a volatile wave of ups and downs, IDR held onto its heightened value, maintaining it for the rest of the day. This indicates a potentially strong and resilient financial period for the country, with the IDR holding its value even in the wake of other country''s currencies fluctuating. This phenomenon is worth noting by both local businesses and international investors. For businesses, this could mean a favorable time for investment and expansion, signaling an economically stable environment. On the international front, the impressive performance of IDR might ignite interest among investors, possibly steering them towards tapping into Indonesian markets. In examining the causes behind this unexpected currency growth, several key factors may have contributed. This could include a successful fiscal or monetary policy, realization of large-scale export agreements, or an influx of foreign investment spurred by notable economic or political developments. In terms of the wider implications for the economy, this constant exchange rate elevates Indonesia''s financial credibility on the global stage. A stable local currency is often reflective of a healthy economy that can weather international financial storms, hence attracting potential investors. The next few weeks will be crucial in solidifying these early indications of financial strength. Experts and market stakeholders should monitor trends in local and global economic conditions, the response of other major currencies, and key indicators of economic health such as inflation rates, interest rates, and GDP. Should IDR sustain its current momentum, this could mark a significant turning point for Indonesia''s financial market. Businesses and investors who capture this moment might well be on the brink of reaping rewarding profits. In shaping the financial landscape of the future, this unwavering performance of IDR sets a solid precedent – one that portrays a promising picture of stability, progress and potential investment opportunities. "Stable IDR Exchange Rates Witness a Notable Increase"

Current Middle Market Exchange Rate

For information purposes only.