2024-04-29 Tenge News

Summary of Last Week

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overall Trend of the Exchange Rates

In the time series data provided, the overall trend of the KZT exchange rates appears to slightly increase over the period shown. There is a slight upward progress in the rates from 0.00302 to 0.00309, representing a minimal rise in exchange rates over the period from March 29, 2024, to April 26, 2024. However, the rate fluctuates within a very limited range, which suggests overall stability in the rates.

Seasonality or Recurring Patterns

Upon examination of these timestamps and their corresponding exchange rates, there is no clear indication of seasonality or recurrent patterns. The data entries are not seasonal such as monthly or yearly and don't seem to exhibit a clear intra-day pattern either. Hence, it is difficult to identify any specific recurring exchange rate values or patterns based on the data provided.

Outliers in the Exchange Rates

Concerning outliers within the data, there seems to be no significant instance where the exchange rate deviates considerably from the established trend. The rates remain within a narrow scope, and no remarkable spikes or troughs are visible that would symbolize an abnormal deviation.

However, pinpointing outliers in exchange rate data can be complex. Small but sudden changes in the rate might have significant implications depending on the financial context.

It is also important to note that this analysis is purely based on the raw data provided and does not factor in external influences possibly affecting exchange rates, such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Thus far, the analysis concludes that the rates exhibit a slight upward trend, minimal seasonal shifts, and no remarkable outliers.

April 2024 As April 2024 embarked, the Kazakhstani currency (KZT) reflected progressive stability in the international forex market, underpinned by an investigative analysis of time-series data of exchange rates. From March 29 to April 26, the exchange rate of the KZT commenced at 0.00302. It experienced slight oscillations during the first few days of April before settling into a pattern of uniformity, averaging 0.00303. Despite a minor peak on April 8 at 0.00306, the currency seemed profoundly insulated against severe fluctuations. The Kazakhstani currency''s unwavering durability in a market notorious for its volatility warrants scrutiny. To understand why it''s vital to examine the operational dynamics of exchange rates. Exchange rates, or the international value of a currency, are defined by the balance between supply and demand in foreign exchange markets. A range of economic, political, and market sentiment elements influence this balance. Intriguingly, the KZT''s steadiness coincides with the commencement of Q2 2024, a period typically characterized by quarterly corporate report releases. These reports often play a crucial role in shaping international investor attitudes towards a country''s economic status. The lack of exchange rate volatility suggests potential positive projections by Kazakhstan-related corporations, underpinning market confidence and demand for the KZT, contributing to its stability. Though the overall trajectory for KZT in April 2024 demonstrated uniformity, oscillations were not uncommon. For instance, between April 22 to April 24, KZT saw a minimal rise from 0.00308 to 0.0031. It immediately dipped back to 0.00307 by April 25 but regained strength, closing at 0.00309 by April 26, indicating the regular market adjustments in response to real-time events. An exchange rate''s significance extends far beyond mere numbers. Stable exchange rates can underestimate inflationary pressures, cement investor confidence, and contribute towards a favorable economic environment for growth. While abrupt, frequent fluctuations can lead to financial instability, dampen economic growth, and spell uncertainty for future investments. Moreover, a country’s exchange rate performance can impact its balance of trade. A stable exchange rate makes a country''s exports more competitive, offers cheaper imports, and can bolster job creation in export-driven industries. As we progress further into 2024, market participants and analysts will undeniably keep a keen eye on the KZT''s trajectory. A continuation of the current trend could further underscore Kazakhstan''s economic resilience amid global uncertainties, boding well for its future prospects. However, the inherent volatility of forex markets also makes for competition, wherein current stability doesn''t rule out future turbulence. Ultimately, only time will reveal the true narrative behind KZT''s performance in April 2024, shaping the course of Kazakhstan''s economic journey.KZT exchange rate witnesses gradual stability throughout April 2024

Current Middle Market Exchange Rate

For information purposes only.