2024-05-14 Turkmenistan New Manat News

Summary of Last Month

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overall Trend

After analyzing the given time-series data, we can observe a downward or decreasing trend in the exchange rate of TMT. This is evidenced by the fact that the exchange rate started from a value of 0.39093 and decreased to 0.38973 over the time period in question; this represents a decrease of approximately 0.31%. While the decrease is not very steep, a consistent downward trend is noted in the exchange rate.

Seasonality or Recurring Patterns

The dataset does not reflect any discernible seasonality or recurring patterns. The fluctuations in the exchange rate appear to be random rather than cyclical or seasonal. There are small increases and decreases in the exchange rate values; however, these fluctuations seem to be random, which suggests there are other external factors influencing these changes.

Outliers

The dataset does not exhibit any significant outliers. The exchange rate values range between a narrow bracket of around 0.389 to 0.391 across the entire series. There isn't a particular exchange rate value in the dataset that significantly deviates from these bounds, thus indicating that no significant outliers exist in this dataset. However, further statistical or graphical analysis (like boxplot) may provide a more precise view.

le Performance The trading day for the TMT exchange rate on May 13, 2024, presented a mix of minor fluctuations and relatively stable performance, as gleaned from time-series data. Starting the day at a rate of 0.39093, the TMT experienced a series of slight ups and downs for the whole day. The highest rate recorded for the day was 0.39097, occurring in the early hours of the morning, while the lowest rate was 0.38935, experienced in the late evening. This sort of variability is characteristic of a normal trading day, where some fluctuations are to be expected. However, the slight alterations in the trading rate did not surpass 0.001 points for any five-minute interval throughout the day - indicating an overall stable market condition. These observations portray an environment where investors were not reacting dramatically to market stimuli. The absence of any significant spikes or drops in either direction suggests that no significant events triggered sharp buying or selling decisions on this specific day. On the market level, the stability may indicate a lack of pertinent economic news or impactful market indicators being released in that period. It could also imply that the market participants are maintaining a ''wait-and-see'' stance ahead of possible influential data or events. Often, this approach is likely to dominate the market, leading to low volatility when major economic data releases or central bank meetings are forthcoming. Looking at the economic landscape during this period, it''s fair to speculate that the TMT exchange rate may have been influenced by global economic trends. On this particular day, trading was potentially steady due to the absence of any marked changes in economic conditions, geopolitical uncertainties, or surprise announcements from central banks. Traders and investors might have found no impetus to make significant moves, leading to a day of calm in the TMT exchange rate trading. Moving forward, market participants should watch for any triggers that could disrupt this tranquility. This might include major economic announcements, changes in monetary policy from influential central banks, or geopolitical upheavals. As these elements can introduce increased volatility into the market, maintaining an updated awareness of such events can be beneficial for predicting future trends and making informed trading decisions. In summary, the TMT market on May 13, 2024, can be characterized as stable with minor fluctuations - a typical portrait of a calm trading day. Those involved in the market should be aware of the potential for this stability to shift and plan their strategies accordingly while keeping an eye on global economic events that can affect exchange rates. Minor Fluctuations Mark TMT Exchange Rate

Current Middle Market Exchange Rate

For information purposes only.