2024-04-30 Tenge News

Summary of Last Month

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

1. Overall Trend of Exchange Rates

The data shows that the exchange rate consistently hovers around 0.00308 to 0.00310 with no significant fluctuation until 2024-04-29 06:40:02, after which there is a very slight rise to 0.00309 and it finally peaks at 0.0031 at around 2024-04-29 07:40:03. From this, we can infer that the exchange rate trend was mainly stable during the displayed time period.

2. Seasonality or Recurring Patterns

The data does not cover a sufficient time frame to identify any seasonality or recurring patterns with certainty. More than a day's data is required to ascertain any recurring pattern. The given data only spans a 24 hour timeframe, making it challenging to detect daily or seasonal trends with confidence.

3. Potentially Unexpected Rates

There appear to be no outliers in the given dataset. As mentioned earlier, the rates oscillate within a tiny range from 0.00308 and 0.00310. Therefore, all exchange rates in this time frame seem to conform to this pattern and no stark or surprising deviations can be noticed.

Conclusion

The provided exchange rate data indicates a predominantly stable trend over the course of the single day under analysis. We observed a minute increase at a certain point but there were no abrupt jolts or drops. However, a more comprehensive and conclusive study can be undertaken by extending the analysis to a data spanning more than one day to identify any potential seasonal or recurring patterns.

1> In the world of finance, seemingly minor fluctuations can have major implications. This is exactly the case with the Kazakhstan Tenge''s (KZT) exchange rate against the US dollar which has been showing signs of slight growth in the past day. Based on the provided dataset, the exchange rate remained steady throughout the early hours of the day, maintaining a consistent value of 0.00308. However, as the day progressed, there were minor yet notable changes in the exchange rate. By 6:40 AM, the rate had crept up to 0.00309, indicating an increase. This trend was maintained through the mid-morning hours as it consistently stayed at the 0.00309 mark. As the day transitioned into the afternoon, a discernible rise was observed with the rate reaching a peak of 0.0031 by 7:40 AM and remaining consistent at this figure for a majority of the day. While this may seem like a trivial uptick, it is significant for two key reasons. Firstly, it shows that the KZT is demonstrating stability despite external factors that may affect the economy. This stability could be a sign of steady economic growth, meaning potential profits for investors who have put their money in KZT. Secondly, these rise, even if seemingly insignificant, can have major implications for importers and exporters who deal in large volumes of money. For them, this could mean the difference between making a profit or suffering a loss. Given the country''s rich natural resources, such as oil and gas, even a small change in the KZT exchange rate has the potential to impact global commodity prices. The upward trend could lead to increased costs for companies who are trading with Kazakhstan, impacting their bottom line. From an economic standpoint, an increasing exchange rate can be seen as a sign of a strong economy. It could suggest that the country’s export demand is higher than its import demand. However, we also need to consider other economic indicators like inflation, foreign direct investment etc. to make firm conclusions about the economy. As we move forward, it seems central to keep a careful eye on the ongoing trends in the financial markets. Although the current change in the exchange rate appears minor, its potential impact on global trade, particularly within the energy sector, could be significant in the near future. In conclusion, although it may seem as just a small blip in a world of constant economic change, the slight increase in the KZT exchange rate should be noted by interested investors and economists alike. It could eventually lead to notable changes in the global financial landscape, making it a trend worth watching.Steady KZT Exchange Rate Shows Signs of Slight Growth

Current Middle Market Exchange Rate

For information purposes only.