2024-05-22 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 Analysis

From the provided data, the trend of the BDT exchange rate looks mostly stable over the time period under review. The exchange rate appears to have marginally fluctuated between 0.01162 and 0.01167, with the majority of readings being around 0.01163 and 0.01164 indicating a largely stable exchange rate.

Seasonality or Recurring Patterns

In the current time series data, no clear seasonality or recurring patterns can be identified. The exchange rate fluctuations are minimal and do not exhibit a clear-cut cyclical nature, suggesting the absence of predictable or recurring trends based on this data alone.

Outliers Identification

The provided data doesn't demonstrate any significant outliers where the exchange rate deviates noticeably from the general trend. The values consistently hover between the aforementioned range of 0.01162 and 0.01167, so any variations within this spectrum are likely consistent with the expected behaviour of the currency over the duration represented.

Summary

  • The overall trend of the BDT exchange rate remains predominantly stable with only marginal fluctuations.
  • No discernable seasonal or recurring patterns have been identified.
  • No significant outliers have been detected in the dataset.

Note: The assessment here is purely data-driven and does not take into account other external factors that might influence exchange rates such as geopolitical events, economic policies, etc. Further, it should not be used to predict future movements in the exchange rate.

/h1> Providing a sigh of relief among traders and investors, the stable nature of the Bangladeshi Taka (BDT) exchange rate in recent days has exemplified financial resilience during a testing period. Throughout the 21st May, 2024, the BDT exchange rate maintained a consistent steadiness, fluctuating between 0.01162 and 0.01167. This steadiness is an exceptional occurrence, particularly in a global climate plagued with precarious shifts. Historically, currency exchange rates have been a reflection of a nation''s economic health with changes usually mirroring the fluctuations in economic activity. This unyielding performance of the BDT, however, has elucidated the robustness of the underlying Bangladeshi economy, leading to burgeoning investor confidence. Experts have attributed this steadfast performance to a raft of aggressive economic measures, coupled with a solid commitment to economic resilience in an unsteady world climate. Revelations from in-depth analysis of the given time-series financial data shows that this stability has been maintained throughout the day, suggesting that Bangladesh''s trade relationship with its international partners has been largely unfazed by recent global economic upsets. Despite the evident challenges posed by the volatile international marketplace and continuously evolving global sagas, it seems the BDT exchange holding its ground indicates the promise of resilience and strength in the Bangladeshi economy. Analysts point out that a potent mix of strategic planning by the country''s central bank in maintaining effective monetary policies, coupled with robust economic fundamentals of the nation, are core to this stability. However, as is the nature of the financial world, uncertainty remains, and this favourable performance should not breed complacency. Traders and investors should be alert to the impacts of national and international events, as sudden shifts can occur in response to geopolitical changes or major domestic policy shifts. Looking ahead, close monitoring of the BDT exchange rate will continue to be crucial, informing market participants of the ongoing economic health and resilience of Bangladesh. With the dynamism of the global economy, surprises are often around the corner. Investors should therefore capitalize on current stability while keeping a close eye on future trends for sustainable investing. Indeed, it’s a period of cautious optimism and this tranquillity in the Bangladeshi financial sector may offer the necessary breather for strategic planning, aimed at strengthening the nation’s financial future. As with all financial matters, foresight, careful navigation and tactical adaptation are essential tools for riding the wave of global economic volatility.Stable BDT Exchange Rates - A Respite in Volatile Times

Current Middle Market Exchange Rate

For information purposes only.