2024-05-03 Tunisian Dinar 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

Below is the comprehensive analysis of the provided dataset. The data contains time-stamped records of exchange rates in TND.

1. Overall Trend

Based on analysis of the dataset from 2024-05-02 00:00:02 to 2024-05-02 23:55:02, it appears that the exchange rates exhibit a decreasing trend over the period shown. This is indicated by the fact that the exchange rate starts at 0.43605 at the first timestamp and ends at 0.43449 at the last timestamp. However, this overall decreasing trend is accompanied by many small fluctuations of increase and decrease, indicative of the dynamic nature of the currency market. Please further validate this with a plotting of the data.

2. Identifying Seasonality

Seasonality or recurring patterns in the data potentially depend on several factors such as trading patterns and economic cycles. In the given dataset, as it represents data for a single day, seasonal trends might not be clearly visible. For an accurate determination of seasonality, a more extended dataset encompassing several weeks, months, or years is typically required. One can then perform a time series decomposition analysis to identify the seasonality component. Without this extended data and strictly within the given dataset, clear patterns or cycles of rate changes are not evidently discernible.

3. Outliers

Outliers in this financial time series data can be judged based on sudden, abrupt changes in rates that do not align with the general pattern of fluctuations. In the given dataset, discerning outliers through simple observation might not be an effective approach due to the high frequency of data records and changes in exchange rates. To effectively detect outliers, statistical techniques such as Z-Score, Modified Z-score, or the use of Interquartile Ranges (IQR) can be applied. These methods require additional calculations and are not executed within this response. To detect these outliers, one should plot an exchange rate time series graph and detect the sudden spikes or falls.

Remember, external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports can significantly influence these trends and outliers.

-hour period Investors and traders are maintaining a close eye on the Tunisian Dinar (TND) exchange rates, as minor yet consistent fluctuations were recorded throughout a 24-hour period of trade. According to the provided data, fluctuations remained relatively minor suggesting a relatively stable TND throughout the 24-hour period. Even the most extreme dips and rises were measured and restrained, pointing to a market that offered a cautious stance. The currency performance kicked off at sets of 0.43605 and 0.43449 at the onset and close of the day, respectively. It barely deviated by 0.00156, indicating the currency''s slight depreciation for the day. Among the most distinct intervals throughout the day were during the morning hours when the currency experienced a slight dip, soon followed by a moderate rise. By the middle of the day, the TND rate experienced a visible decrease, hitting the day''s lowest in the afternoon. However, the slight retracement in the evening hours was noted, orchestrated by some late-day buying. These exchange rate patterns illustrate the ongoing dynamic behavior of financial markets in the face of countless variables. The stage was set by local matters, distinctive to the Tunisian economy, global macroeconomic indicators, and provisions in the foreign exchange market itself. This consistent fluctuation has far-reaching implications. For forex traders, it''s an opportunity to maximize short-term gains, especially during the day when volatility was at its highest. Meanwhile, it''s a heads up for businesses and individuals making cross-border transactions, prompting them to plan for currency risks that might impact their costs and profits. Looking at the broader economic context, the TND exchange rate''s performance can be a reflection of Tunisia''s current economic health, the status of trade relations, and investor sentiment about the future of Tunisia''s economy. Despite minor setbacks, the TND rate remained within a stabilized bracket, reinforcing a level of confidence in Tunisia''s economy. This level of currency stability is frequently seen as a positive sign, indicating a balanced economy. Looking ahead, market players and potential investors should remain updated with financial news and economic indicators that may affect TND''s performance, particularly inflation rates, unemployment rates, and GDP growth. Traders should also be on the lookout for any geopolitical and economic events that can cause significant changes in the exchange rate. In the face of these fluctuations, it''s important to remember that the FX market is highly unpredictable. Even the smallest political or economic event can drastically change the game.Minor fluctuations seen in TND exchange rate over the 24-hour period

Current Middle Market Exchange Rate

For information purposes only.