2024-05-22 Tunisian Dinar News

Summary of Yesterday

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

Statistical Measures

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Trend

1. Understanding the overall trend of the exchange rates

Based on the timestamp and the exchange rate data provided, we are observing a generally stable trend in the data. The values fluctuate around a consistent mean and do not show a clear increasing or decreasing trend over the period.

2. Identifying seasonality or recurring patterns

With regards to seasonality, the frequencies at which the data is collected are irregular with some timestamps having a difference of minutes and some having a difference of hours between them, it is difficult to assess any significant recurring patterns or seasonality based on the provided datapoints. A more systematic collection, like capturing the data every hour, could have revealed daily cycles or other patterns.

3. Noting Outliers

From a high-level observation, there don't seem to be any clear outliers in this data set, i.e., most exchange rates are around a similar value, with marginal fluctuations. However, a statistical outlier analysis could be more insightful here, by calculating z-scores or using a method like the Tukey's fences.

Please note, additional considerations like market context, trading hours and news events have not been considered in this analysis as per the request.

ver 24 Hours The Tunisian Dinar (TND) displayed significant fluctuations in exchange rates during the last 24 hours, according to a recently obtained comprehensive dataset. Analysts believe this fluctuation might imply notable shifts in the economic landscape. The provided dataset shows a time-series progression of the TND rates beginning midnight May 21, 2024, until midnight the following day. There were multiple instances of dips and rises spotted within two decimal places, though these changes might appear minuscule at first glance, they hold considerable significance for traders and institutional investors dealing in high volumes. While the TND mostly hovered around the 0.438 mark, it exhibited an intriguing pattern. The rate dropped to as low as around 0.43800 multiple times during the observed period, raising concerns regarding the underlying factors contributing to the market volatility. However, the highlight of the day was symmetrically opposed to these falls — a notable surge to approximately 0.44003 in the hours close to midday. This spike followed a trough at around 0.43776, remarking a remarkable sequence of variation within a relatively short timeframe. Such trends indicate the importance of timely investments and well-informed divestments in the currency market. Each wavering point potentially marks a profitable trade entry or exit point for discerning market participants. Further, severe fluctuations within a day can impact the markets at large, impacting international trade, foreign exchange reserves, and economic stability. The market conditions driving these fluctuations can vary extensively, from factors like changes in national and global economic policies, geopolitical events, investor sentiment to trade balance, inflation, and interest rates. Given that currency rates reflect a nation''s economic health, these fluctuations might also mirror changes in Tunisia''s economic conditions. While the specifics of the reasons behind this 24-hour trend remain unknown, analysts have flagged this development as a significant event to track. Market participants are bracing for potential turbulence in the currency market, as the implications of such variations often extend beyond the immediate exchange rate shifts. Going forward, investors, policymakers, and economists will be keenly watching the trends in the TND rates—any continuation of such fluctuations in rates could signal a larger trend or anomaly in the Forex market. As we keep abreast of the developments, the guiding mantra for market participants remains the same: ''Timing is everything.'' Creating a balance between risk and potential profit, understanding the nuances of the TND exchange rates, and cast projections based on these insights, traders and strategists can utilize these fluctuations to their advantage. These instances shed light on the dynamic nature of financial markets and the constant rhythm of fluctuations that traders navigate daily.Significant Fluctuations Spotted in TND Exchange Rates Over 24 Hours

Current Middle Market Exchange Rate

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