2024-05-03 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

Let's dive into the comprehensive analysis of the provided time series dataset.

1. Overall Trend

The overall trend of the exchange rates seems to be slightly decreasing over the time period shown. The exchange rate started at 0.01547 on 2024-05-02 00:00:02, and ended at 0.01541 on 2024-05-02 23:55:02. This indicates a small decrease of around 0.00006 in the exchange rates over the entire time period.

2. Seasonality or Recurring Patterns

Seasonality or recurring patterns are often harder to identify in financial time series data due to myriad influences on exchange rates. However, in this provided data, the exchange rate seems relatively stable without any prominent recurring patterns. Precise seasonality could be better extracted through more sophisticated methods such as autocorrelation or Fourier analysis.

3. Outliers

From the provided data, there are no apparent outliers. The exchange rate seems to fluctuate within a very narrow range (0.0154 - 0.01548), relatively. Hence, this data does not seem to have any instances where the exchange rate differs significantly from what would be expected based on the trend.

Given the nature of the data and the absence of additional contextual information, these insights mostly revolve around the statistical properties of the data set. Further deep-dive analysis would require more complex methodologies or additional explanatory variables.

Please note, this analysis does not consider specific external events or market influences, as asked. But keep in mind, for a thorough understanding of exchange rates, it will be beneficial to take these aspects into account, as they play a significant role in exchange rate movements.

This Thursday, financial experts noticed minor fluctuations in the KGS exchange rates. The minor shifts might seem insignificant to the untrained eye, but they translate into important notes for the players on the economic stage. Starting from the early morning hours of May 2, 2024, the Kyrgyzstani Som (KGS) against the US Dollar exhibited a slight yet consistent wavering in its exchange rate. This currency, known for its stability, showcased some oscillations that caught the eyes of analysts across the globe. Between the hours of midnight and midnight, on May 2, 2024, the KGS exchange rate drifted between a high of 0.01548 dollars and a low of 0.0154 dollars. While these numbers may seem minor in the grand scheme of things, what''s important to note here is not the amount of change but the frequency of it in such a short duration. The day opened with a 0.01547 dollar mark for the KGS which held its stand till the mid morning hours until noticeable slip sliding began to occur. There were intermittent rises throughout the day with the KGS hitting its peak value of 0.01548 dollars about four times. The lowest point came late in the evening, marked at 0.0154 dollars. A distinctive downward trend was observed towards the evening hinting at a potential slide in the currency''s value. Whether it is a harbinger for more significant shifts in the rate or just a one-day anomaly is still a matter of speculation. The impact of these uncharacteristic oscillations in the KGS exchange rate has been minimal for now. However, these times call for investors and market watchers to pay careful attention to such nuances. The tiniest ripple in the exchange rates can set off unforeseen consequences in global financial markets. These fluctuations exemplify the interconnectedness of our global economy - a minor flutter in one part of the world can indeed cause a storm in another. To conclude, the minor changes in the KGS exchange rate, while not yet impactful, serve as a reminder of the ever-changing dynamics of the global financial world. This event exhorts observers to remain vigilant and calls for continued observation to gauge if this is a sign for a substantial economic shift or merely a blip on the radar. As global economies continue to intertwine further, even the smallest waves can create far-reaching impacts. The financial world waits with baited breath to see what the next day unfolds in the tale of the KGS.Minor Fluctuations Observed in KGS Exchange Rates

Current Middle Market Exchange Rate

For information purposes only.