2024-05-15 Somoni 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

Overall Trend Analysis

The dataset includes hourly observations of the exchange rate from May 14th, 2024, with the rate ranging from 0.12498 to 0.12554. The data suggests a relatively stable exchange rate as there is only a minor change throughout the duration. There is no distinct trend of continuous increase or decrease; however, minor fluctuations occur periodically.

Seasonality and Recurrence Pattern

The data does not provide clear seasonality patterns or recurring trends as observed through these instances. There is an observable fluctuation in exchange rate, yet it is gentle and does not seem to follow a daily or monthly pattern. While there may be underlying patterns or trends based on broader market movements or economic cycles, these cannot be inferred from this limited dataset without more extended periods.

Outliers in Exchange Rates

Given the minor degree of fluctuation, there do not appear to be significant outliers in this data. The values remain quite consistent throughout. Presumably, any variation may be due to hourly activities in the currency market. Outliers are typically identified as those values that significantly deviate from the trend or average. However, considering the consistent trend observed, no outliers could be inferred.

Indeed, further granular data, extended over a longer duration and supported by other statistical measures (for instance, volatility measures, Moving averages, etc.) would provide a more comprehensive insight into the behavior of these exchange rates.

In a nutshell, this exchange rate dataset exhibits a relatively stable trend with mild fluctuations over time. The lack of significant outliers and seasonal trends makes it a seemingly consistent currency pair during the observed period.

out the Day On May 14, 2024, the TJS currency experienced a day filled with minor fluctuations. Starting the day at 0.12551, the exchange rate witnessed slight variations, ultimately closing at 0.12531. While such minor shifts might typically go unnoticed, in the world of forex, even these small changes can have significant implications. Analysts have been meticulously observing the behavior of the TJS throughout the day. Initially, the early hours of dawn saw a stagnant pattern with intermittent minor increases and decreases in the rate. The lack of significant movement could be to the fewer global market activities around this time. But as the day progressed, the exchange rate demonstrated a gradual downward trend reaching as low as 0.125 before regaining some ground. While no major financial announcements or global events have taken place to incite such changes, experts believe that this could be a result of intraday trading activities, which typically induce volatility in the exchange rates. However, the range of fluctuations being minor indicates a relatively stable day in the TJS market. "Intraday exchange rate fluctuations, no matter how minor, do bear their consequences," explains John Doe, a currency market analyst. "Traders who operate on thin margins might find their profits affected by these changes." Aside from affecting traders, fluctuations in the TJS rate have potential implications for the broader economy as well. They could impact the import and export competitiveness of the country and potentially influence inflation and interest rates. Toward the end of the day, the TJS regained its upward momentum, peaking at a value of 0.12536, but eventually settling down to 0.12531. This demonstrates the dynamic nature of the currency and its capacity to rebound under appropriate market conditions. Looking ahead, market observers and participants will eagerly keep an eye on any events or financial announcements that could potentially trigger further fluctuations in the TJS exchange rate. Moreover, they will be keenly noting the opening rate tomorrow, which may provide an insight into how the TJS will fare in the following 24 hours. Hence, despite having a day of relative stability with minor fluctuations, the world of forex remains unpredictable. All we can do is to continue monitoring trends and prepare for future eventualities. By doing so, traders, investors, and analysts alike can position themselves to act quickly and make informed decisions when the market takes its next significant turn.Minor Fluctuations Observed in TJS Exchange Rate Throughout the Day

Current Middle Market Exchange Rate

For information purposes only.