2024-05-17 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

Analysis of the Exchange Rate Data

The data provided includes timestamped records of exchange rates in KGS from May 16, 2024. These rates are tagged to various timepoints throughout the day. With this data, it is possible to complete an analysis of the general trends, seasonality and potential outlier values. Let's delve into each aspect.

1. Understanding the Overall Trend

From the dataset, it can be observed that the exchange rates started at a value of 0.01541 on the day and stayed flat for a significant period before starting to rise slightly. The rates hit a peak value of 0.01545 before descending back to 0.01542 and finally ending flat at 0.01544 at the end of the day. Overall the exchange rate displayed a slight increasing pattern although the changes were minimal.

2. Identifying Seasonality or Recurring Patterns

Given the limitations of a single day's worth of data, it is difficult to clearly identify any seasonality or recurring patterns. However, the dataset does show some patterns of fluctuations in the exchange rate during certain hours. The rate mostly remained stable during the early hours of the day, then started to rise slightly during the mid-hours, then decreased again, and finally ended with a slight increase. More data spanning over a larger timeframe (such as over several weeks, months, or years) would be required to discern if there is a recurring pattern or seasonality in the data.

3. Noting Outliers

Upon review of the data, there don't seem to be any significant outliers when observing the numbers provided. Most of the rates recorded stay within a tight range from 0.01541 to 0.01545 with no extreme or unusual values. Although there is a minimal fluctuation in the rates, these changes are quite small and don't stand out as abnormal.

In conclusion, the analysis has shown an overall increasing trend in the data with some minor fluctuations within specific time periods. However, due to the limitations of the data provided, it is challenging to firmly establish seasonality or recurring patterns. The outliers in this dataset are negligible, suggesting a stable market during the period analysed.

''s Span The financial market began the day with a slow-paced yet steady rise in the Kyrgyz Som (KGS) exchange rates on May 16, 2024. From a silent observer''s perspective, the market seemed inert for most of the day, and this would not be far from the truth. However, for an expert eye, this day was a learning curve, a testament to the subtlety of financial markets. The KGS exchange rate started at 0.01541 at midnight and maintained predominantly the same value for the first hour. The market face value remained subtly unchanged, but for those aware of the tectonic underworks, a slight shift was evident. As the day progressed, there was a marginal increase to 0.01542, hinting at an upcoming ascent. Post the first hour, the exchange rate climbed in small strides. Over the course of the next few hours, the rates continuously fluctuated between 0.01541 and 0.01542, suggesting an element of uncertainty in the market. Although the shifts were minute, they signaled volatility, setting the rhythm for the day''s trading period. By the break of dawn, the exchange rate climbed to 0.01544. This key event showcased a clear upward trajectory, albeit a slight one. Following this push, the KGS again fluctuated, varying between 0.01544 and 0.01545. Retrospectively, unlike the initial phase, this second wave indicated a higher trading bracket, affirming that the KGS was indeed on an upward trend. The KGS persisted with the same pattern of fluctuation until the day''s conclusion. However, it ended on a higher note than it had started, wrapping up at 0.01544 by midnight. This signaled growth in KGS''s value through the course of this financially intriguing session. The interesting aspect of May 16, 2024, is the subtle yet consistent increase in the KGS exchange rate. It showcases how the most seemingly innocuous days in the market can present a pattern vital to comprehending the market''s complex dynamics. In retrospect, while the fluctuations during the day were small, they added up to a measurable and significant rise by day end. This pattern may represent a good risk-reward ratio for traders who leverage small but consistent waves in forex markets. Looking ahead, if the same trend persists, we could witness a steady rise in KGS. Traders and investors should keep an eye on the market, waiting to see if the May 16 trend will repeat itself over the coming days or if we are on the brink of a larger market move. Gradual Growth Observed in KGS Exchange Rates Over a Day

Current Middle Market Exchange Rate

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