2024-04-29 Som News

Summary of Last Week

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

1. Overall Trend of Exchange Rates

The series provided detail the movement of exchange rates over numerous days across multiple months. And it is observed that the rate fluctuates within a narrow band of 0.01509 to 0.01552, with slight increments and decrements across timestamps. This is indicative of a generally stable trend, with no sign of a clear ascending or descending direction within the time frame provided.

2. Seasonality and Recurring Patterns in Exchange Rates

On analyzing the time series data, one important trend noticed is that on a day-to-day basis, there's small oscillations in the exchange rate. However, these fluctuations do not form a clear cyclical pattern and appear to be somewhat random in nature. There is no discernible weekly, monthly, or other recurring seasonality within the dataset. The absence of a definitive pattern suggests the exchange rates might be influenced by more irregular factors not featured in the dataset.

3. Outliers in Exchange Rates

With respect to the narrow range within which rates fluctuate, no outlier can be accurately identified without precise statistical analysis. By observational assumption, any value that falls significantly outside the range of 0.01509 to 0.01552 could be considered an outlier. In this dataset, no such values are present. Hence, all values seem to be moving uniformly along the defined path, hinting towards a lack of extreme volatility during the period.

Period The market performance of the KGS exchange rate over late March through late April in 2024 showed signs of amplified stability, according to recently released time-series data. Analyzed time-stamped data indicated that the exchange rates demonstrated minimal fluctuations throughout the period. The highest recorded rate was 0.01552, while the lowest dropped merely to 0.01509, reflecting less than 3% variance through the one-month period. Starting from March 29, with the exchange rate pinned at 0.01515, the trends demonstrate slight decreases till April 4, where it hit the month''s low at 0.01509. From that point onward, rates indicated a rising trend, peaking on April 16 at 0.01552, which was the highest recorded for the period under review. This performance outlines a pattern of stability in the exchange market, which sheds light on the economic health of the KGS. Exchange rate stability usually alludes to moderate inflation and limited vulnerability to international financial-market measures, consequently signaling a robust economy. The observed stability would prospectively enhance investors'' confidence in the country''s economic policies, reduce hedging costs, and subsequently increase cross-border trade and investment. Such a trend should rouse the interest of investors seeking low volatility markets. Notably, this period also marked the end of Q1 in the fiscal calendar. Traditionally, quarterly ends are accompanied by heightened financial activities such as profit-taking, portfolio rebalancing, and deadline-driven trades which frequently induce increased volatility. The absence of significant fluctuations amidst such activities indicates the strong underpinning of the KGS. April 16 emerged as an interesting point in these trends, where the value of KGS peaked. This level, however, was maintained for a very short time. Following this peak, the rates indicated a stabilizing trend hovering between 0.01536 and 0.01552 for the rest of the month. Moving forward, investors and financial analysts will be monitoring the KGS to see if this stability continues into the subsequent months of 2024. Although exchange rates are susceptible to numerous factors including geopolitical events, changes in fiscal policies, or socio-economic disruptions, the continuous pattern of stability seen in KGS indeed offers a positive outlook. Considering economic indicators and the global landscape, it is crucial to continue monitoring these trends as they could signal potential opportunities for both local and international investors.Exchange Rates Point to Increased Stability in KGS Over Period

Current Middle Market Exchange Rate

For information purposes only.