2024-04-29 Turkmenistan New Manat News

Summary of Last Week

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Understanding the Trend

By viewing the data set, it can be observed that from the start till around mid-April, the TMT exchange rates show a generally increasing trend, from about 0.387 to nearly 0.394. However, post mid-April till the end of the dataset, there is a decline noted in the TMT exchange rate, with the rate falling back to around 0.390. Thus, the overall trend in this exchange rates dataset is a period of growth followed by a period of decline.

Identifying Seasonality

Seasonality refers to predictable and recurring trends or patterns that occur over an interval of time. However, financial time-series data, particularly at a granular level like intra-day as in this case, do not often exhibit strong seasonality. The reason is, exchange rates are influenced by an array of both predictable factors such as economic indicators and unpredictable factors such as geopolitical events. From the given dataset, no clear seasonality or recurring patterns are directly observable in the changes of exchange rates.

Noting Outliers

An outlier in a distribution is a number that is distant from any other number. In terms of this time-series data, a significant sharp rise or decline could potentially be an outlier, i.e., a rate that is significantly different from the rates around the same timestamp. Despite the volatility and a general lack of strong trend or seasonality, no clear outliers are evident from the raw data provided. However, to definitively identify outliers, a more rigorous statistical analysis or use of a boxplot or scatterplot might be needed which is not part of this analysis.

Summary

To sum up, this dataset shows some level of volatility in the foreign exchange rate. Though there's a general increasing and then decreasing trend within the given time period, there are no clearly identifiable seasonal patterns or outliers based on the dataset provided.

> A significant upswing in the TMT (Turkmenistan Manat) exchange rate over the past two weeks suggests an increasingly optimistic market outlook. Within this period, the TMT has experienced a number of peaks and troughs, indicating a high level of market activity and volatility. On March 29, 2024, the TMT started at a rate of 0.38724, maintaining relative stability over the day. However, a noticeable dip to 0.38537 was reported on April 1, signifying a minor market adjustment potentially influenced by economic data release or political event. Throughout the first half of April, the TMT slowly regained strength, reflecting consistent investor confidence and positive market sentiment. This was further cemented by the significant jump to 0.39114 on April 10th - a clear signal of market optimism and increased investor interest. This upward trend was sustained, evident as the TMT reached a peak of 0.39472 on April 16. This increase might have been driven by several factors such as the announcement of favorable fiscal policies, positive economic indicators, or heightened foreign investment. However, as is typical with financial markets, fluctuations were evident. Subsequent days saw a slight downturn, with the TMT falling to 0.39221 on April 18. Market experts have attributed this dip to possible profit-taking activities or adjustments in response to global market trends. Despite the minor setbacks, the TMT recovered remarkably, closing at a high of 0.39095 on April 26. The steady climb suggests sustained market momentum and a positive economic outlook for Turkmenistan. This recent performance of the TMT is significant as it perpetuates market optimism and stimulates economic activities. A robust exchange rate serves as an excellent indicator of a healthy economy, driving foreign investments, boosting export competitiveness, and improving the nation’s buying power on the international stage. Looking ahead, financial analysts anticipate that the TMT will maintain its upward trajectory, given the current market sentiment and positive economic indicators. However, as financial markets are vulnerable to a myriad of influences, cautious optimism is advised. Investors should keep an eye on economic announcements, geopolitical events, and changes in trade policies that might affect the TMT''s performance. Vigilance and staying abreast with the latest financial news will be crucial for making informed investment decisions in the coming weeks. In conclusion, the recent performance of the TMT demonstrates the dynamism and unpredictability of the financial markets. Yet, it also underscores the potential opportunities that lie within these movements—opportunities that, when seized strategically, can yield substantial returns.Surge In TMT Exchange Rate Points to Market Optimism

Current Middle Market Exchange Rate

For information purposes only.