2024-04-26 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

Understanding the Overall Trend of The Exchange Rates

The dataset provided ranges from a minimum of 0.01244 and a maximum of 0.01251. From the data, the exchange rate does not seem to fluctuate greatly. On average, the exchange rate seems to maintain a very stable range. Furthermore, the minute changes in the exchange rate are rather steady and don't depict an increasing or decreasing pattern consistently. Therefore, we can conclude that the exchange rates remained generally consistent during the provided period.

Seasonality or Recurring Patterns

From a straightforward observation of the data, there doesn't seem to be any apparent seasonality or recurring patterns with respect to time. The rate fluctuates slightly, but these fluctuations are distributed randomly and do not follow a distinct pattern which would designates a seasonality trend. This could be because the provided data is too short a period to extract significant seasonal trends.

Outliers and Unexpected Exchange Trends

In a broader view of the data, I would mention that I found no noticeable outliers in this case. The exchange rate doesn't deviate significantly from an overall range bound by its minimum and maximum. Therefore, no anomalies or particular instances were observed, wherein the exchange rate significantly strayed from expected patterns based on prior and subsequent data.

In conclusion, the data indicates a generally stable exchange rate with no distinct seasonal trends or observable outliers. This is purely based on the data provided, and real-time tracking of the exchange rates might reflect fluctuations due to myriad factors not captured in this specific dataset.

pan In a surprising testament to stability, the exchange rate for the Bangladeshi Taka (BDT) remained remarkably steady over a complete 24-hour cycle dated April 25, 2024. These fluctuations have the potential to make significant impacts on global investors, importers, and exporters who deal with the Bangladeshi market. Starting at midnight on April 25, 2024, the BDT held at an exchange rate of 0.01249 for an hour before observing a minor dip to 0.01248, a meager variation suggesting mild alterations in value. This dip recurred around 2:00 AM, but quickly rebounded within 15 minutes and maintained its stability until approximately 06:30 AM when a downward shift to 0.01245 was reported. This slightly decreased value persisted until 08:10 AM, where it started to show a recovery triggering a series of fluctuations throughout the day. By 9:10 AM, the exchange rate was replenished back to 0.01250, wavering around this value for the better part of the day before a minor depreciation was noted at 5:45 PM, bringing the value down to 0.01244. This remained the dominant value for the BDT until the close of the day, with only minor oscillations above this benchmark. Essentially, over the course of the day, the BDT experienced restrained volatility in the foreign exchange market. While exchange rate fluctuations are a regular occurrence, they can provide significant insights into the health and global position of a nation''s economy. In the case of the BDT, maintaining a consistently steady exchange rate over a 24-hour period might be interpreted as a sign of economic stability. Bangladesh, being a major hub for the garment industry with a rising presence in the digital market, relies heavily on its exchange rate stability to ensure profitability for its businesses. Consistency in rates, as demonstrated on April 25, 2024, may be seen as a positive signal for investors looking to venture into this growing market, while also offering a degree of predictability for businesses engaging in importing or exporting. However, future projections should not be cemented based on one day''s performance. The foreign exchange market is highly dynamic and influenced by numerous factors such as geopolitical events, economic indicators and global market trends. Thus, investors and businesses should keep a close eye on these metrics to make informed decisions about their international operations and investments. Only time will tell how the BDT fares in the face of upcoming economic events and global market shifts. Stakeholders should focus on staying updated with these dynamical trends, as they could have potential implications on their financial strategies involving the Bangladeshi market. Thus, this relative stability in BDT exchange rates presents an intriguing attribute of the Bangladeshi economy, suggesting a positive outlook. However, careful and continuous observation remains essential for anticipating future trajectories in this fast-paced financial world.Stability Marks the Exchange Rate for BDT Over 24-Hour Span

Current Middle Market Exchange Rate

For information purposes only.