2024-04-19 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 of Exchange Rates

The overall trend of the exchange rate for the provided data seems to be relatively stable. Looking at the data, the rate begins at about 0.01257 and largely maintains within a relatively minor fluctuation range around this value. The rate exhibits a slight decrease, dropping to around 0.01256 before rising again to roughly stick within the 0.01257 region. There seems to be a minor decline in the rate towards the end of the period, as it descends slightly towards the 0.01251 value.

Seasonality and Patterns

Due to the nature of the dataset, which is a one-day intraday exchange rate data, there is no visible seasonality such as weekly, monthly, or annual. However, there seems to be a subtle pattern in the data, wherein the rate fluctuates minimally around the 0.01257 value. Notably, the largest decrease in the exchange rate occurs after the 20:00 timestamp, where a visible drop from 0.01256 to 0.01251 is reported. This could be indicative of a recurring pattern but needs a larger time frame data to confirm a nightly dip in the rate.

Outliers and Exceptional Instances

The given time-series data does not seem to have any considerable outliers or significantly exceptional instances. All fluctuation margins appear to be very minimal and maintained within an expected range. The most noticeable change is the aforementioned drop after the 20:00 timestamp, but even that shift is minor and doesn't seem to be so large that it would be considered a substantial outlier.

Final Remarks

Overall, the given time-series financial data for exchange rates demonstrates a trend of minor fluctuations around the 0.01257 value with no noticeable outliers. Recognizing recurring patterns or seasonality would require a dataset that spans a more extended period. The data points are consistent, and the exchange rate remains fairly stable throughout the day.

BDT Amid Global Fluctuations Understanding how time series data moves and how it''s influenced is one of the critical factors when deciphering financial market trends. One such case that has recently caught our eye is the journey of the BDT (Bangladesh Taka) exchange rate from midnight of April 18, 2024. Over a period of 24 hours, the data shows that the BDT exchange rate stayed remarkably stable despite the global market fluctuations, demonstrating resilience that is noteworthy. For the majority of this timeframe, the BDT rate floated around 0.01257, with minor fluctuations that did not exceed more than +/- 0.00001, which is less than 0.08% of its total value. After hours of stability, the BDT saw a slight drop at 06:25, dropping to 0.01253. Following this, though, the BDT bounced back to its average rate, showcasing a recovery that reinstates the currency''s resilience. Throughout the day, the currency rate ebbed and flowed between these small margins, ultimately landing back at 0.01251 towards the end of the day, nearly matching its opening rate. The persistent stability of the BDT exchange rate communicates a strong positive economic patina despite the discursive nature of the global markets. It suggests that local influences and macroeconomic practices have successfully upheld the strength and value of the currency despite apprehensions and market pressures. This consistent strength in exchange rates paves a meaningful way forward for Bangladesh and presents a steady investment environment for foreign investors looking to invest in a robust and evolving market. Furthermore, others forecast future growth propelled by effective monetary policy, substantial remittances, and steady export earnings. The story here is not just limited to the strength exhibited by BDT but is also a testament to Bangladesh''s growing economy, showcasing a strong financial system and effective regulatory controls. The steadfastness of BDT amidst external pressures undoubtedly paints a picture of reliability that is highly sought after by investors. Looking forward, as we march into a promising second quarter, a key thing to watch will be whether this stability continues in the face of larger global economic shifts, and how Bangladesh''s financial and economic policies adapt to meet any new challenges. This real-time financial resilience is expected to leverage the growth momentum of Bangladesh''s economy, thus reinforcing the country''s economic resilience as a whole. By taking a measured approach and utilizing the lessons learned from past successes, the BDT, along with the broader Bangladeshi economy, are well-positioned to tackle future obstacles and continue their steady climb.  Resilience of Exchange Rates: Analysis of Stability in BDT Amid Global Fluctuations

Current Middle Market Exchange Rate

For information purposes only.