2024-04-16 Som 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

Overall Trend of the Exchange Rates

The overall trend of the KGS exchange rates over the given time series is relatively stable. The rate starts at 0.01543 and ends at 0.01548. There is not a significant increase or decrease throughout the dataset, only minor fluctuations between these values.

Seasonality or Recurring Patterns

Upon analysis, it's evident that no clear seasonality or recurring patterns can be observed. The current dataset does not show substantial variation that's consistent with time, such as hourly or daily fluctuations.

Identifying Outliers

No significant outliers have been detected in this dataset. All of the exchange rates are within a narrow range, between 0.0154 and 0.0155. The fluctuations are minimal, and there are no drastic spikes or drops in the exchange rate that would signal a potential outlier.

Consideration of External Factors

For this analysis, no consideration was given to external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. The interpretation was solely based on the numbers provided in the dataset.

Hour Period In recent financial developments, the exchange rate of the Kyrgyzstani som (KGS) demonstrated an overarching upward trend across numerous intervals during a 24-hour period. The beginning of this monitored duration on April 15, 2024, revealed an exchange rate of 0.01543 for the KGS. Although there were minor fluctuations within the following hours, it was evident that the currency took a steady climb towards a high of 0.01550 towards the end of the period. In times of massive market operations and intense international negotiation, exchange rates play a pivotal role in setting the tone of the economic narrative. A nation''s exchange rate signifies its economic health and offers a window into its market stability. Economists assert that various factors contribute to a currency''s exchange rate, including inflation rates, interest rates, and public debt. However, what is genuinely exceptional about this steady rise is the consistency of the trend, which is not a common occurrence in the financial world. This particular upward trend observed in the KGS exchange rate might be considered a testament to the robustness and stability of Kyrgyzstan''s economic environment. This steady rise in the exchange rate may potentially attract international investors who aim at reducing foreign exchange risks. A consistent uptick in exchange rates can also indicate a strengthening economy, in Kyrgyzstan''s case, perhaps, a result of sound economic policies, a boost in exports, or improved geopolitical relations. As we move forward, it will be imperative to closely observe if this upward trajectory persists, as it carries significant implications, not just for Kyrgyzstan but for their trade partners as well. End users, such as multinational corporations and investors involved in foreign direct investment, pay close attention to these rates to hedge against potential risks. A stable and escalating exchange rate such as KGS in this scenario can incentivize such entities, helping Kyrgyzstan in the longer run. Therefore, as market observers, it is crucial to remain vigilant about these evolving patterns. While exchange rates are just one piece of the broader financial picture, they often serve as a valuable barometer of a country''s economic health and stability. As we look ahead to future developments, all eyes will be on Kyrgyzstan and the potential rise of KGS, observing how the global market responds to this stability in exchange rates. Any drastic changes could stir the financial world, making this a space to watch for the foreseeable future.Steady Uptrend Observed for KGS Exchange Rate over a 24 Hour Period

Current Middle Market Exchange Rate

For information purposes only.