2024-05-13 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:


Overall Trend of the Exchange Rates

Upon reviewing the provided data, the trend for exchange rate seems to exhibit a slight upward increase across the timespan. However, it does fluctuate, and there are periods of both increase and decrease evident. Regular small peaks and troughs with no clear direction are visible, indicating the existence of noise in the data. The lack of sharp and significant increases or decreases infers that the market tends to be stable.

Seasonality or Recurring Patterns in Exchange Rates

It's hard to identify clear and consistent seasonality in the time series data solely based on the data review. However, slight changes are noticeable during certain hours of the day. Usually, the exchange rate shows minor fluctuations with a marginal increase during the morning hours, stabilizing during the remainder of the day and slightly decreasing during late-night hours. It appears to be a daily cycle, but the effects are fairly small and no strong weekly or monthly patterns were immediately evident.

Outliers in the Exchange Rates

From the given dataset, there doesn't appear to be any radical or drastic deviations from the average Exchange rate that could be classified as outliers. The exchange rates seem to stay within a narrow band, and most movements can be interpreted as part of a normal volatility seen within exchange rate data. However, this interpretation is subject to the accuracy and completeness of the data provided.


In summary, the data provides a snapshot of currency exchange rate history with minor fluctuations, indicating a relatively stable market. It displays some degree of volatility, as is expected in currency exchange markets, but nothing that seems overly drastic or indicative of major swings in value.

a 4-week Period In recent weeks, financial domains have been closely observing a recurring rise and dip pattern in TMT (Turkmen Manat) exchange rates. This pattern, which commenced on April 12th, and continued until May 10th, 2024, exhibited a captivating rhythm in TMT rates over the four-week duration, commanding attention. The exchange rate, lingering around 0.392 at the start, revealed a preliminary rise on April 15th when it surged to surpass the 0.394 mark. It maintained this momentum till the 16th, when it peaked at 0.39512, the highest point in this period. After this climax, the rates fell below its earlier stand, settling around 0.393 by 18th April. This rise and subsequent tapering off comprise the first ''wave''. The pattern repeated, with another wave cresting around April 30th, reaching a peak rate of 0.39261. Yet, this cycle too culminated in a dip, with rates in early May plunging lower than the original value, with depths hitting as low as 0.38922. This sort of fluctuating pattern might cause alarm among market watchers, as it generates an atmosphere of unpredictability in the currency market. However, it can also be seen as a signal of rich trade opportunities for risk-apposite traders. Opportunities abound for lucrative returns when one buys during the dip intervals and sells when the rates rise again, a strategy favored by many day traders. The undulations seen in the TMT rates could perhaps be due to varying demand and supply dynamics in the global market or financial policies implemented by Turkmenistan. The country''s ties, particularly trade relations, could also be a factor contributing to these volatile exchange rates. The effect of these exchange rate oscillations on the broader economy is still under observation, with industry experts being cautiously optimistic, maintaining that these waves are part of standard market rhythms. However, it raises questions about the potential impact of such volatility on import/export trends, foreign trade, and FDI in Turkmenistan. Economic stability, after all, often depends upon dependable, steady exchange rates. As the TMT rate wave phenomenon continues to unfurl, it promises to keep both traders and analysts engaged. If it repeats, this pattern could serve as a predictable cycle, aiding in financial forecasting. However, whether the rise and dip pattern will persist or settle into stability remains to be seen. The market is watching closely for signs of change in the trend or predictability. Observing the pattern and being prepared for any market fluctuations reflects savvy investing as we navigate these choppy financial waters. Understanding the underlining factors driving these waves may hold the key to leveraging this pattern for future financial advantage.Rise and Dip Pattern Emerges in TMT Exchange Rates Over a 4-week Period

Current Middle Market Exchange Rate

For information purposes only.