2024-04-23 Tala News

Summary of Last Month

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

Statistical Measures

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Trend

Overall Trend of Exchange Rates

Overall, the WST exchange rate experiences multiple peaks and troughs throughout the dataset; it shows both periods of increase and decrease, suggesting some volatility. The exchange rate starts around a value of 0.489, climaxes to an approximate 0.49041 in the middle of the data and gradually drops to a low near 0.48824 before rising back to around 0.4886 in the end. Therefore, there's a slight overall decrease in the exchange rate for the period recorded in this dataset.

Seasonality or Recurring Patterns in Exchange Rates

An investigation into the seasonality or recurring patterns suggests that the exchange rates don't display a firm daily or hourly pattern within the given data. It appears to be a complex interplay of increases and decreases without clear reiterations of a specific pattern. This lack of a clear pattern could be due to the influence of a multitude of factors impacting the exchange rates, which aren't accounted for in this dataset. To conclude, no evident seasonality or recurring patterns could be detected from the current dataset.

Outliers in the Exchange Rates

The dataset does not appear to contain any significant outliers. An outlier in this context would constitute a rate that substantially deviates from the surrounding values, and no such value can be identified in this data. The fluctuations in exchange rates remain within a reasonable range. The highest value of the exchange rate observed is around 0.49041, and the lowest is near 0.48824, indicating that the exchange rates are clustered around a similar value, which suggests the absence of significant outliers. The data appears to be well-behaved with values moving within a very tight range.

n A Day Markets witnessed mild fluctuations in the WST exchange rates on April 22, 2024. The day started with the rate at 0.48965 and wrapped up at 0.48860. This was a result of a host of factors in both the domestic and international market landscapes. The day began with a trade of WST at a rate of 0.48965. The number remained relatively stable throughout the first few hours, touching a high of 0.48988 and dipping to as low as 0.48944 by 01:10 a.m. Several economic factors such as export/import change, fiscal policy, and inflation rates determine these minute variations in WST exchange rates, grounding the research in microeconomics. Following this, the rate continued fluctuating in a narrow band until it registered a notable peak at 0.49041 at 08:35 a.m. As market activities gained momentum in the morning, the foreign exchange market witnessed increased trading. The afternoon saw the WST exchange rate drop to its lowest point for the day at 0.48877 by 12:30 p.m., possibly due to a variety of economic news releases or central bank interventions. However, the market recovered slowly, and the rate started creeping up the chart, reflecting in the strength and resilience of WST. But the exchange rate couldn''t hold the ground and started dwindling downwards culminating at 0.48860 at the close of the day. It was a clear indication of market reactions to economic indicators, geopolitical events, and macroeconomic data influencing traders'' sentiment towards WST. While the above outlines the trend for one isolated trading day, it forms part of a bigger picture. Over time, such financial data compiles to provide the basis for macroeconomic analysis, helping investors and policy-makers decipher the overall health and direction of an economy. The WST exchange rate''s minor fluctuations witnessed on this day contrasts with the volatility commonly associated with foreign exchange markets. It is essential to note that the value of WST is influenced by market demand and supply relative to other currencies. This exchange rate is a crucial factor in international trade, impacting exporters, importers, and consumers. Looking ahead, market participants need to keep a keen eye on forthcoming economic data and geopolitical events, which could potentially shake the market and send waves of volatility through the WST exchange rate. As always, financial experts advise investors to stay vigilant, remain informed, and react strategically to the dynamic landscape of the foreign exchange market. This way, it''s possible to navigate the market''s inevitable highs and lows skillfully.Subtle Fluctuations Observed in WST Exchange Rates Within A Day

Current Middle Market Exchange Rate

For information purposes only.