2024-04-22 Tunisian Dinar 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

Upon preliminary examination of the data, there appears to be a minuscule upward trend in the TND exchange rate from 2024-03-22 to 2024-04-19. The exchange rate starts at 0.43878 and ends at 0.43611, despite some fluctuations in between. However, this modest increase does not conclusively indicate a stable upward trend, and might as well be part of a larger cycle or due to random fluctuations. In order to claim a definitive trend, a more extensive range of data would need to be analyzed.

Seasonality or Recurring Patterns

Determining seasonality or recurring patterns in the exchange rates is a complex task that usually requires a more extensive dataset spanning across multiple years. From the data given here, across a period of around 1 month, no clear signs of seasonality can be detected. There might be some minor recurring patterns during certain hours of the day, possibly due to the opening and closing of markets, but it's difficult to confirm a definitive pattern without a more comprehensive dataset.

Outliers

Outliers in the dataset are values that deviate significantly from the general trend or pattern. Identifying specific outliers in this dataset is quite challenging due to the modest variations and tight range of the exchange rates. However, generally, the value at the timestamp '2024-04-08 12:00:02' with the exchange rate of 0.4357 and at '2024-04-16 16:00:02' with an exchange rate of 0.43721 could be potential outliers. Noticeably, the TND exchange rate mostly ranges from 0.43 to 0.44 and these outliers are off with a meager margin. A sophisticated statistical analysis can provide us a more accurate identification of the outliers.

Note: Please always validate the thorough statistical analysis. An exchange rate is determined by a multitude of factors and can behave unpredictably at times. Therefore, a comprehensive understanding of such data requires not only statistical analysis but also a deep understanding of the financial market.

over a Two-Week Period The Tunisian Dinar (TND) has seen significant volatility in its exchange rates over the past fortnight, according to a recent analysis of time-series data. This fluctuation spans over crucial timestamps, indicating changing dimensions in the financial scenery involving the North African nation''s currency. The TND started its volatile journey on March 22, 2024, at an exchange rate of 0.43878. Over the ensuing week, it climbed to a high of 0.44009 before experiencing a fair amount of turbulence, hitting a low of 0.43081 on April 4th. It continued with this seesaw trend, touching a peak of 0.44205 on April 12th, its highest in the observed period. Towards the end of the review period on April 19th, the rate appeared to stabilize around 0.43611. This fluctuating pattern in TND behavior can be seen as a reflection of intensified market dynamism. Such frequent variations in a currency''s exchange rate are typically indicative of influences from a plurality of factors, ranging from domestic financial policies and economic health to global market behavior. This recent fluctuation trend becomes particularly interesting considering the relative stability that the TND showed in the preceding quarters. One plausible explanation may revolve around potential adjustments in fiscal policies or shifts in trade dynamics. Additionally, geopolitical influences could also have contributed to these changes, given their propensity to impact investor sentiments and macroeconomic equations. In the realm of financial markets, exchange rates serve as key indicators of a country''s economic health. Therefore, the current volatility seen in TND rates inevitably catches the attention of global investors and finance professionals grappling to discern the underlying triggers and predict future trends. Moreover, this fluctuation can have ripple effects across other sectors. It could impact Tunisia''s trade balance, affecting exporters and importers differently and may also influence foreign investment flow in the country. Looking ahead, what this means for the Tunisian Dinar in the global monetary scene is a puzzle that needs unravelling. The financial community will be keenly observing the unfolding economic indicators and political developments in the days to come. As always, comprehensive analysis embedded in time will bring more clarity to this situation. The market actors, from policymakers to everyday investors, will be keen on seeing how the narrative around the TND unfolds, given its current volatile stance, which is set to shape the course of not just Tunisia''s economy, but possibly, its links with the international financial market as well.Significant Fluctuations in TND Exchange Rates Observed over a Two-Week Period

Current Middle Market Exchange Rate

For information purposes only.