2024-04-18 Turkmenistan New Manat 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

Overall Trend of Exchange Rates

The overall trend of the TMT exchange rate given in the dataset has a somewhat fluctuating pattern. It starts at an initial rate of 0.39431, goes through several fluctuations, and ends at a final rate of 0.39241, showing a slight decrease overall. Despite the minor fluctuations, the value of TMT seems to generally lie around 0.394 to 0.392. It appears that the rates remained relatively stable over the period shown, with slight fluctuations potentially due to external factors.

Seasonality and Recurring Patterns

Upon analyzing this comprehensive dataset, no prominent seasonality or recurring patterns within these fluctuations are visible here. The fluctuations seem to be somewhat random and do not necessarily occur in a predictable cyclic pattern. While there are periods of inclines and declines, the differences between peaks and valleys aren't indicative of a clear seasonal effect or a recurring pattern within this dataset's timeframe. In order to establish a more robust knowledge of any seasonality or recurring patterns, a dataset spanning over a longer timeframe would be required.

Outliers

With respect to outliers, this dataset seems reasonably uniform, as it stays within a relatively tight range. However, there are a few instances where a small sharp rise or fall can be seen, e.g., at timestamp 2024-04-17 01:55:02, which has a value of 0.39395, shows a sudden drop compared to its surrounding data points. These can be considered anomalies in the overall flow of the data. Considering these instances within the entire dataset, they are few and far between, so they may be viewed as outliers. The reasons behind these notable differences could be attributed to a variety of factors not covered in the dataset, such as sudden changes in market conditions, or monetary policy announcements.

Please note that this is purely a trend analysis and should be used as a reference only. For a full financial analysis, more factors need to be considered such as economic indicators, market sentiments, inflation rates and other macroeconomic factors which are currently not present in this dataset.

24-Hour Period In a riveting turn of events, the TMT exchange rate experienced noticeable variations within a span of 24 hours on April 17, 2024. This unusual instability in the financial market raised eyebrows amongst traders and investors who closely monitor the performance of the TMT rate. The day began with a TMT rate of 0.39431 that, over time, faced both an escalation and depreciation leading to a final rate of 0.39241. For those who maintain a hawk’s eye view on market movements, the changing exchange rates, though subtle, posed as noteworthy deviations and urged them to strategize their trading and investment plans. Within the first few hours, the TMT rate rose to a peak of 0.39474, encouraging traders to seize the opportunity to buy or sell, according to their game plan. However, what appeared to be a promising start commenced losing momentum as the rate began a steady downward trajectory throughout the day to reach 0.39283 by early afternoon. This fluctuation left many market-watchers taken aback as they attempted to anticipate implications. Financial analysts have highlighted that such unpredictable shifts can make or break the market. The dynamic nature of the exchange rate signifies the uncertainty embedded within financial markets. The primary driving factors behind such changes are manifold – international economic indicators, geopolitical events, or even sudden changes in supply and demand of currencies. Despite the dips in the exchange rate, the market demonstrated resilience as the TMT rate picked up and showed mild recovery, hovering around 0.39312 during mid-afternoon. This resilience can potentially reflect preliminary positive sentiment in the market or an indication of an oversold condition following the decline. Yet, by the close of the day, the TMT rate settled at 0.39241, confirming a net depreciation in value over the 24-hour period. This final rate, though lower than the day''s beginning, still stands higher than recent historical lows, offering a glimmer of hope for anxious traders and investors. Moving forward, market participants will be calibrating their strategies based on these unexpected fluctuations. Stakeholders should anticipate a time of careful scrutiny and strategic decision-making, given the unpredictable financial flux. In the upcoming days, it will be crucial for investors and traders to keep a close eye on any prospective geopolitical, economic events, or policy changes that may impact the TMT exchange rate. The challenge ahead is to analyze these shifts meticulously, develop flexible strategies, and adapt to this fast-paced, ever-changing financial environment.Significant Fluctuations Seen in TMT Exchange Rates Over 24-Hour Period

Current Middle Market Exchange Rate

For information purposes only.