2024-05-21 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

The overall trend shows a slight increase in the exchange rate over the period specified. Starting at around 0.43668, the dataset ends at around 0.43906, indicating a small rise. The exchange rates are quite stable with slight fluctuations over given periods pointing towards a possible upward trend in the longer term.

Seasonality

The data does not appear to show significant seasonality within the given timeframe. The exchange rate moves within a relatively tight range, with moderate fluctuations seeming more random than periodic. Notably, there are few substantial drops and rises, but these do not appear to correspond with any specific recurring time intervals.

Outliers

The dataset doesn't seem to contain any significant outliers. The exchange rates fluctuate within a very close range for the given period. Even the most significant changes do not differ strongly from the general trend in the data.

Limitations of The Analysis

The interpretation of this dataset is limited as it does not consider any external factors such as market opening/closing hours, weekends/holidays, or the release of significant financial news and reports. Therefore, while the analysis provides useful insights about the trend, seasonality and outliers, it might have missed some more profound insights if these factors had been taken into consideration.

Prediction Disclaimer

Though the interpretation of the trend might give some signals, it is important to note that this analysis does not forecast any future rates. Analysis of historical time series data can be a great tool for understanding historical trends and variations, however, predicting the future rates will require a more sophisticated modeling approach that takes into account the many factors that can influence exchange rates, some of which may have not been present or significant in this historical dataset.

1> The Tunisian Dinar (TND) witnessed a remarkable series of fluctuations across a 24-hour trading period on May 20, 2024. The TND performed a jittery dance on the financial stage, indicating possible economic volatility induced by multiple factors. The day commenced with an exchange rate of 0.43668 at midnight, setting the stage for a dynamic trading session. As the day progressed, tumultuous turns were observed, with the rate initially descending to the day''s first low of 0.43664 at 00:10, posing uncertainty for traders and investors who awaited the market''s pulse. However, the undulant wave soon escalated, turning the tides in favor of a bullish market. By 01:20, the TND reached a record high of 0.43686, illuminating a possibly favorable trading day for foreign exchange players. Despite such anticipation, the rate magnetized towards the day''s lowest point of 0.43661 reached at 09:10. This volatility triggered speculative trading strategies and urged investors to follow a ''wait and watch'' policy. Surprisingly, around 11:35, the TND surged to a substantial exchange rate of 0.43836, marking the day''s zenith. Following this spike, the currency maintained a relatively steady position above 0.438 for the remaining trading hours, thereby reflecting a server bullish sentiment in the market. This spell of fluctuations in the TND exchange rate underlines the crucial role external economic factors play within the foreign exchange market. Factors such as inflation rates, interest rates, political stability, and economic performance contribute to such fluctuations, affecting the financial maturity of an economy. Looking at the bigger picture, these minute changes hold significant impact on inkling the future market trends. They reflect not just the mutating trading patterns but also influence the broader economic backdrop against which companies conduct business. Understanding such fluctuations allows investors to predict potential profits or losses, depending on their currency holdings. As we anticipate the week ahead, the TND foreign exchange rate''s course remains an enigma, yet palpably hinged on imminent economic activities, government policies, and geopolitical events. Such trends offer investors insightful snapshots of the TND''s performance, which troops as crucial determinants for investment and trade. Towards the end of the trading session, the TND closed steadily at an exchange rate of 0.43906. This rise from the day''s initial opening at 0.43668 reflects an overall bullish performance of the TND on May 20, 2024. Looking ahead, market participants await the unveiling of the economic calendar, briefed with government reports, policy-related announcements, and key indicators, to shed light on the potential extrapolation of the TND''s exchange rate trajectory. As the week unfolds, traders and investors across the globe will keep a keen eye on the TND''s performance, guiding them through their strategic planning for the week ahead. Unsteady TND exchange rate witnesses remarkable rise

Current Middle Market Exchange Rate

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