2024-04-26 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 Analysis

First and foremost, we will look at the overall trend of this time-series data. From the initial analysis, it can be concluded that the overall trend of the exchange rates over the surveyed time period indicates some form of stability with minor variations. The TMT exchange rate starts and ends at around 0.390. However, there exist tiny dips and surges between these points giving an appearance of a subtle hill-valley formation - indicating a fluctuating trend.

Recurring Patterns and Seasonality

It's difficult to directly infer seasonality or recurring patterns from this dataset as it only covers a single day's timeframe. For a deeper and more accurate identification of seasonality trends, data covering numerous cycles (typically, multiple years) would be more suitable. This helps in identifying recurrent yearly, quarterly, or monthly patterns, if any. Nonetheless, it's worth mentioning that some minor variations in the exchange rates can be observed at regular intervals indicating potential intraday patterns, which might be attributable to the trading behavior.

Outliers and Unexpected Rate Changes

No significant outliers or unexpected rate changes can be detected from the provided data. The exchange rate floats around 0.390 for the most part with frequent but minor fluctuations. The smallest observed rate is 0.38928 at the times 13:10:03 and 13:15:03, and the highest is 0.39107 around the 08:15:02 mark. These do not seem to be significant deviations to classify them as outliers, especially given the foreign exchange market is a highly volatile one.

To conclude, while this simple analysis provides some insights, for more advanced interpretations including volatility, trend strength, and predictive modeling, more sophisticated methods like statistical modeling and machine learning might be necessary.

ours April 25, 2024, witnessed significant fluctuations in the exchange rates of the Turkmenistan Manat (TMT), demonstrating that even in a stable economy, financial markets can experience volatile periods that can have a crucial impact on investors'' decisions. As the sun rose over the international marketplaces, the TMT began the day at a robust rate of 0.39005. In the early hours, the currency demonstrated consistency in its exchange rate, albeit with minor fluctuations that were typical for a standard trading day. However, as the day moved into the afternoon hours, there were noticeable oscillations in the TMT exchange rates. One of the key movements took place during the afternoon period at around 13:15, where TMT rose sharply to 0.39047 from the previous interval of 0.38928, indicating an increase of 0.00119. This increase was a significant outlier in the otherwise stable data set and could have offered a potential window for profitable return for the investors with a keen eye on the market trends. As the day approached its close, the TMT exchange rate started to decline gradually, and by the end of the day, it fell to 0.39011. This downward trend suggests a prevailing sell-off sentiment in the market. Despite day-long volatility, it''s important to interpret these fluctuations within the context of the greater economic picture. Day-to-day shifts in the currency market are typically due to a variety of complex factors, including international trade balances, geopolitical news, central bank policies, and even market speculation. The observed fluctuations in the TMT exchange rates throughout April 25 reflect the inherent volatility of the financial markets. Such volatility, while capable of creating short-term uncertainties, also presents opportunities for savvy investors to generate potential returns. Looking ahead, the key aspect for market watchers will be to understand the drivers behind these fluctuations. Continued monitoring and analysis of these trends will be critical. Following the TMT and global economic indicators closely will provide investors and policy-makers alike valuable insights into the health and future direction of the economy. If the TMT volatility continues in the coming weeks, it could signal larger movements in the Turkmenistan economy, or potentially flag disruptions in the global financial market. Thus, market participants must remain vigilant and adaptable to changing trends. Noticeable Fluctuations in TMT Exchange Rates Over 24 Hours

Current Middle Market Exchange Rate

For information purposes only.