2024-03-12 Som 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

Understanding the overall trend of the exchange rates

Looking at this time-series data for the exchange rate (from 2024-04-23 00:00:02 to 2024-04-23 23:55:02), it seems that the exchange rate remains stable for the most part. Except for occasional slight variations (from 0.01537 to 0.01543), the exchange rate fluctuates around the 0.01538 mark. Through this period, there is no clear trend of a general increase or decrease, indicating a stable exchange market for the currency in question during this specified time period.

Identifying any recurring patterns or seasonality

At a glance at the provided data, it's hard to identify any clear seasonality or recurring pattern based on the timestamps and associated exchange rates. The slight variations in the exchange rate don't appear to follow a regular, predictable pattern that could be attributed to seasonality. Additional data or longer time period might be required for a more accurate assessment of seasonality.

Noting any outliers

An outlier in this data series would be a significant deviation from the approximate 0.01538 exchange rate. Based on the data provided, the exchange rate does not stray far from this mark, and nothing significant stands out as an outlier within this dataset. The exchange rate shows minor fluctuation but does not differ significantly from the norm, so it seems that there are no notable outliers that would need to be investigated further.

Note: Given the lack of relevant external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports these conclusions are based on the provided data alone.

luctuation In the world of finance, each tick of the clock can mean fluttering billions from one corner of the world to another. For the Kyrgyzstani som (KGS), the story has been a consistent dance at the rate of 0.01507 against the dollar, minimizing volatility for investors and traders around the globe. According to time series data available, the KGS retained a close-to-constant exchange rate, demonstrating tenacious stability in an ever-fluid financial environment. The data spans from the early hours to the late night on March 11, 2024, indicating that the currency remained largely unaffected by tradings across multiple time zones. This constancy is a rarity in the global financial markets, typically characterized by their capricious nature. The forces that impact currency rates range from domestic economic indicators to geopolitical events, and even to announcements from influencers in the cryptocurrency scene. Despite these factors, the KGS sustained at 0.01507, moving minimally up to 0.01510 in brief periods throughout the day. This relative stability could be a signal of sturdiness of the Kyrgyzstani economy, or an indication of successful interventions by the country''s central bank to maintain the rate. The steadiness also might specify that the KGS wasn''t the subject of speculative movements or aggressive trading, which can lead to rapid rises and falls in a currency''s value, affecting not only wealthy investors but also ordinary people who may see the prices of imported goods rise or fall as a result. Moreover, the stable KGS implies predictability. Investors, who often steer away from volatile currencies, can plan their financial strategies around the KGS, knowing that it is not likely to make unpredicted leaps or plummets. It also assists local businesses in their planning and budgeting, safeguarding them from unexpected costs due to wild currency fluctuations. Looking towards the future, the question is whether this KGS stability will hold. The global financial landscape changes rapidly, influenced by a multitude of varying elements. If Kyrgyzstan can continue to weather these storms and maintain the KGS''s consistency, the country stands to gain enhanced trust from investors and businesses worldwide. So, the watchful eyes of the financial world will be following closely to see whether this uniformity endures or if the unpredictable nature of the global financial markets will ultimately catch up with the KGS too. Till then, it''s a waiting game.Steady Trade at 0.01507: KGS Holds Strong Amid Markets Fluctuation

Current Middle Market Exchange Rate

For information purposes only.