2024-03-12 Taka 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 in Exchange Rates

Based on the data provided, it appears that the exchange rate for BDT remains largely stable over the observed period. The values fluctuate between 0.01246 and 0.01252, which indicates that the currency depicts a low volatility. There doesn't seem to be a prevailing trend of either increasing or decreasing, as the changes in the rates are minor and frequent back and forth between these values.

Seasonality or Recurring Patterns

It is hard to observe clear seasonal trends or recurring patterns in this dataset as we only have data for a single day. The currency's exchange rate doesn't appear to be significantly influenced by the time of day, but proper time-series analysis with periodical data (daily, monthly, yearly) might reveal more details in terms of seasonality or recurrent patterns.

Outliers Analysis

Given the narrow range of values, the data contains no significant outliers, or instances where the BDT's value deviates significantly from the trend. The highest exchange rate observed is 0.01252 while the lowest is 0.01246, which is a typical fluctuation for currency exchange rates over a short period.

Conclusion

From this analysis of the given time-series financial data, we can conclude that the BDT's exchange rates remained quite stable over the course of April 23, 2024, with very minor fluctuations. A broader scope of time would be necessary to identify any trends, seasonality or external factors affecting the value. It's crucial to incorporate more extensive data to make a more informative financial analysis.

rket Fluctuation In a surprising display of resilience, the Bangladeshi Taka (BDT) exchange rate remained steady over a period of extensive analysis. This marks a highlighting moment for the currency, indicating a remarkable stability amid the tumultuous global financial market. According to the dataset acquired for the analysis, the exchange rate of the BDT against other currencies held steady throughout different periods of the day. This was observed over a course of 24 hours where the rate started at 0.01228, displayed minor fluctuations, and ended at roughly the same value by the end of the day. This indicates a considerable stability in the currency exchange market. This steady performance comes as a surprise amidst the currency fluctuations typically experienced in global financial markets. This can be attributed to a multitude of factors, such as market stability, solid market confidence, proactive measures by the Central Bank of Bangladesh, and robust foreign exchange reserves held by the country. The BDT showing such steady performance could also indicate a controlled supply and demand mechanism within the country''s financial market. Significant to note is that economic indicators suggest the economy of Bangladesh is steady. This financial sturdiness evidently reflects in the currency stability. The study of the financial data also points out that there were no immediate sharp increases or decreases, implying a healthy and balanced demand-supply scenario. This situation is ideal for maintaining the exchange rate consistency. Moving to the broader scope, this period of financial stability could suggest a strong, growing economy. It might also indicate the confidence of financial market participants in the country''s financial policies and the Central Bank’s adept management of the foreign exchange market. However, it is crucial to note that while stability is beneficial, an overly stable exchange rate might hinder competitiveness in the international trade sector. An adaptable exchange rate often aids in maintaining the balance of trade. Constant monitoring and responsive actions from the Central Bank, investigators, and financial analysts will be required to maintain this balance. Looking ahead, stakeholders, financial analysts, and industry pundits should keep a vigilant eye on national and global financial trends. It will be imperative to observe how BDT performs in response to potential geopolitical shifts, future economic policies, and changes in the global economic climate. This continued analysis will allow for a swift reaction time, help predict future trends, and provide insights to inform timely decision-making. Today, we celebrate the BDT''s impressive show of stability, but we look forward to tomorrow with experienced eyes and informed minds. Steady Performance Observed in BDT Exchange Rate Amid Market Fluctuation

Current Middle Market Exchange Rate

For information purposes only.