2024-05-14 Tunisian Dinar 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

Overall Trend of Exchange Rates

The overall trend of the data provided shows fluctuations in the TND exchange rate over the course of a single day. The exchange rate appears to be relatively stable with a very slight overall decrease observed. The peak value (0.4364) is only slightly higher than the minimum value (0.43571). This supports the observation that the exchange rate for this particular day remained fairly stable.

Seasonality and Recurring Patterns

Regarding seasonality or recurring patterns, the data does not offer clear evidence of any specific pattern within the timeframe provided. The fluctuations in the rate are relatively small and appear more or less random without a clear hourly or intra-daily pattern visibly evident.

Outliers in Exchange Rates

In the dataset provided, there are no significant outliers or instances where the exchange rate differs significantly from the general trend. The rates range within a relatively small band, and there are no sudden spikes or dips that would signify an outlier.

Limitations

Please note that this analysis is limited by the scope of the data provided, which only covers a single day and does not consider external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Such factors can have a significant impact on the exchange rates and should be taken into consideration for a comprehensive financial analysis.

hout Market Day In the world of financial trading, even the slightest shift can mean a world of difference for investors and traders. On May 13, 2024, the Tunisian Dinar (TND), often seen as a stable currency in regards to exchange rates, exhibited minor fluctuations showing a peak and trough throughout the day. The day started off with an exchange rate of 0.43631 TND and by 01:00, showed a peak of 0.43635. However, these numbers don''t tell the whole story since the exchange rate experienced a low of 0.43571 at 08:35. A slight recovery followed this low with the rate climbing back up to 0.43612 at 09:25 YET a downward trend seemed to permeate most of the day, yielding lower lows and a minimal high movement in currency. This minor fluctuation, although may seem inconsequential, underscores the level of observation traders need to maintain in the financial market. Currency exchange rates, although appearing stable, can experience micro shifts that can either translate into profit or loss for market participants. While these numbers might not signify a drastic change for the everyday individual, for day traders, who profit off of these minor price moves, such changes can hold significant impact on their trading decisions. In the world of forex especially, which trades on very tight margins, these minuscule changes might seem negligible but managing to take advantage of small price movements like these can lead to substantial profits. Furthermore, these fluctuations indicate the dynamic relationships of the geopolitical, economic, and market conditions that are ever changing. What small changes like these underscore is the ever-changing economic conditions and the need for tracking such figures constantly. The foreign exchange market is subject to a wide array of factors that can affect the values of currencies, and the TND is no exception. Factors such as political stability, interest rates, inflation, and economic performance all play a role in dictating these changes. Closing the day at a rate of 0.43620, the minor fluctuations seen in the TND exchange rate throughout May 13, 2024, have implications beyond their face value. These rates offer insights into the ever-evolving nature of the financial scene, rich with opportunities for those who are prepared to capture them. As we move forward, it will be interesting to see how these rates adapt and change, offering a dynamic tableau for those engaged in the financial market. While the numbers of today may seem inconsequential, for those engaged in the market, it highlights the volatility and the opportunities that lie within even the most seemingly stable rates.Minor Fluctuations Observed in TND Exchange Rates Throughout Market Day

Current Middle Market Exchange Rate

For information purposes only.