2024-05-06 Somoni 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

Overall Trend of the Exchange Rates

The TJS exchange rates show a fluctuating trend over the period of the data. The rates start at 0.1239 and end at 0.12538 which indicates a slight overall increase in the exchange rate during the time period observed. However, it’s not a straight trend upward; there are several ups and downs in between. In short, the exchange rate has been somewhat volatile, with minor increases and decreases over the timeframe.

Seasonality and Recurring Patterns

At first glance, there don't seem to be highly evident seasonal or recurring patterns in the exchange rates based on the provided data. The data doesn't provide clear repeats in the pattern that would indicate a cycle. Further sophisticated time series analysis methods may be used to extract potential subtle seasonality that might not be immediately visible.

Notable Outliers

Spotting outliers in the time-series data requires keen observation and analysis. An outlier is a data point that significantly differs from the other data points. It's hard to identify a clear outlier in this dataset without further statistical analysis as some spikes or dips could be considered as potential outliers. For example, at timestamp '2024-04-10 14:00:03' the exchange rate jumps to 0.12492 from 0.1237 at '2024-04-10 06:00:02'. This could be a potential outlier. However, specific thresholds and boundaries should be defined statistically to identify outliers.

Please note, outliers could be due to either a real trend or 'noise'. Real trend outliers should be investigated further as they may contain valuable information but 'noise' outliers are usually due to errors and should be removed or corrected for meaningful analysis.

Other Observations

Although the aim was not to consider external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports, it’s worth noting that such factors could highly influence these exchange rates. For instance, rates might exhibit differing trends on weekdays vs. weekends, or during different hours of the day. Hence, even though our analysis did not identify a clear periodic trend or notable outliers, this doesn't mean that they don't exist. Market data is complex and often influenced by many factors.

In recent weeks, a dramatic shift has been observed in the TJS currency exchange rates over the month of April 2024. This significant event is believed to be closely tied to the economic ramifications of the ongoing COVID-19 pandemic. Beginning on April 5th, 2024, the TJS exchange rate opened at 0.1239. However, rises and falls occurred sporadically throughout the month, reaching a peak of 0.12653 on April 16th. The lowest rate observed in the same period was 0.1237 on April 10th. This data suggests potential volatility in the financial markets, largely influenced by the continuing effects of the global pandemic. COVID-19 has had a profound impact on the world''s economy since its horrific onset, and its effects have not been limited to 2020 or 2021 alone. By 2024, economies were expected to have recovered, but recent events in the TJS currency market suggest otherwise. The continuous shifts between highs and lows throughout April 2024 seem to reveal that the long-term impacts of the pandemic are still being felt across the globe. The economic uncertainty resonated starkly with the fluctuations in the exchange rate seen throughout the month. These rate changes reflect investor anxieties about the slow-paced recovery of the global economy and lingering concerns about further potential damage from the virus. Analysts strongly believe that this constant change in the exchange rate was influenced by the finance sector''s reaction to changing circumstances surrounding COVID-19. As the pandemic continued to unfold, the economy responded in kind with dynamic rates, reflecting both optimism and concern from investors. Towards the end of the month, the exchange rate stabilized slightly, showing some resilience in the face of global economic hardship. On April 30th, the rate stood at a pretty solid 0.12614, reflecting a small but steady improvement. This observation aligns with the hopeful global perspective of a slow yet certain return to normalcy. Moving forward, the global response to the pandemic and its impact on the world''s economies will continue to shape currency exchange rates. Market experts recommend that, under these intricate circumstances, investors should maintain a more conservative approach in their investment strategies. Moreover, they caution investors to keep an eye on global trends concerning the containment of the deadly virus as this will undoubtedly impact economies worldwide, as evidenced by the shifts in TJS exchange rates. In conclusion, the current status of currency exchange rates, particularly that of TJS, shows the ongoing complexities and uncertainties brought about by the COVID-19 pandemic. As we move forward, the finance sector eagerly anticipates a more stabilized economy, hopeful that the worst is now behind us. Complete financial recovery is a lengthy and complicated process and requires a global concerted effort. Nevertheless, these erratic currency fluctuations should serve as an important reminder of the lasting impacts of a global health crisis on financial markets.COVID-19

Current Middle Market Exchange Rate

For information purposes only.