2024-05-21 Somoni News

Summary of Last Month

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

Statistical Measures

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  • Standard Deviation:

Trend

Overview

The data provided represents the changes in TJS currency exchange rates recorded every five minutes within a day of May 20, 2024. The total number of observations for this date is 284.

A trend within the day for the TJS exchange rate

From the given data, it is noticeable that the exchange rate started the day (00:00:02) at 0.12602, fluctuated slightly in the early hours, and then went to the maximum rate for the first part of the day at 0.12615 (at 02:20:02, 02:25:02, and 02:30:02 time period). The rate then showed a slight drop and remained relatively steady until 06:20:02, when it dramatically fell to 0.12545, hitting the lowest point of the day. The rate then steadily fluctuates around the 0.1254 mark till the end of the day, reaching a high of 0.12564 (at 21:15:03 and 21:20:03 time period) around 21.00 hours, before once again settling back down towards the 0.1256 mark by the end of the day.

Seasonality and recurring patterns

On a granular level, the data does not show clear indicative seasonality within the day or specific recurring patterns based on the given one-day dataset. There are, however, micro-level fluctuations observed throughout the day.

Outliers

At the macro level, an apparent outlier in this dataset is the sharp decrease in the exchange rate around 06:20:02 from the 0.126 level to the 0.125 mark. This could be due to numerous internal and external factors which we aren't taking into account for this specific analysis. Nonetheless, this marked decrease does stand out in a day of otherwise relatively small fluctuations.

In recent days, the financial world has borne witness to an unusual episode of stability, with the Tajik Somoni (TJS) exchange rate showcasing an unparalleled steadiness. This eye-catching data, which keeps both investors and financial experts intrigued, highlights the potential of this dynamic to affect various sectors of the economy. The data gathered spans from the early hours of May 20th, 2024, to the turn of the following day, providing a comprehensive view of the TJS exchange rate over a 24-hour period. Throughout this timeframe, the fluctuation in TJS rates remained consistently close to the 0.126 mark, providing a remarkable demonstration of stability in a volatile market. Such stability is unusual in the fluctuating world of currencies where rates often swing in response to economic, social, and political factors. Despite substantial volatility in other markets worldwide, the TJS exchange rate''s endurance could mark an important chapter in Tajikistan''s financial history. Notably, this pattern holds potential implications for traders seeking stability in an otherwise tumultuous financial landscape. Its steadiness may prove particularly appealing to risk-averse investors seeking secure, reliable trading opportunities. Furthermore, this stability can have far-reaching implications on the macroeconomic landscape. A steady local currency can help shield the economy from external shocks, promote investor confidence, and fuel the growth of local businesses. Tajikistan''s economy, mainly reliant on remittances, can leverage this robustness to explore new opportunities for growth and diversification. Another intriguing aspect of this phenomenon is its timing. Amid the global economic unrest spurred by geopolitical tensions and the aftermath of the Covid-19 pandemic, the stability shown by the TJS exchange rate could signal a newfound resilience in Tajikistan''s economy. It may open doors to fresh investments and collaborations that could supercharge the nation''s growth trajectory. That being said, financial experts also sound a note of caution. While stability is favored, stagnation isn’t. It is essential to discern if the steadiness in the exchange rate is a sign of economic stagnation. Therefore, investors would be wise to keep a prudent eye on the progress of Tajikistan''s economy and the TJS exchange rate. As we move forward, it will be interesting to observe how this remarkable level of stability affects not only Tajikistan''s local economy but also the wider global financial landscape. Investors, policymakers, and stakeholders will undoubtedly watch closely as this remarkable financial event unfolds, shaping the future of this Central Asian nation. Amid the ongoing uncertainty in the global markets, the Tajik Somoni continues to stand as a beacon of stability, demonstrating resilience amid the storm.Remarkable Stability Observed in TJS Exchange Rate

Current Middle Market Exchange Rate

For information purposes only.