2024-05-22 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 the Exchange Rates

The given dataset spans over a time window of just over 24 hours. The exchange rate starts at 0.38961, and ends at 0.38871. This suggests a slight decrease in the exchange rate value over this particular day. However, the changes are relatively small, suggesting there's a degree of stability in the exchange rates over this period.

Seasonality or Recurring Patterns

Considering the given data, it can be observed that there isn't a clear cut seasonality or recurring pattern in this 24-hour timeframe. The exchange rate mostly fluctuates within a narrow range (between approximately 0.3890 and 0.3905) for the most parts. It is important to note that, these observations are based on a single day's data and won't necessarily hold true for a longer timeframe as external factors (like socio-political events, government policies, inflation reports etc) can significantly impact foreign exchange rates.

Outliers and Significant Differentials

From the dataset, it is clear that there are no severe outliers or significant differentials in the exchange rates. The rates remained fairly consistent, with minimal fluctuation over the 24 hours. The biggest change occurred from approximately 07:20 to 07:35, where the rate increased from 0.38917 to 0.3899. However, even that is not a drastic change and hence can't be considered as an outlier.

It must be noted that these observations are strictly based on the given dataset and doesn't necessarily indicate future trends or patterns in the exchange rates.

bility The financial week kicked off on May 21, 2024, with a rather stable market for the TMT exchange rate, which experienced minor fluctuations throughout the day. The rate hovered between 0.388 and 0.390, revealing a resilient and steady market tendency in the face of the global economic backdrop. These rates are identified by time-stamped data gathered from 00:00:02 to 23:55:02, giving a comprehensive 24-hour market watch. The rate commenced the assessment period at 0.38961 and accomplished slight shifts between a peak of 0.39056 at 08:05:03 and a trough of 0.38819 at 21:05:02. Such a modest peak-to-trough disparity illustrates a low volatility environment that usually embodies steadiness in the foreign exchange market. The consistency in the TMT exchange rate could be traced back to several factors. For starters, the global market’s resilience could be fueling the stability. An environment of lower volatility often indicates an optimistic market direction, as investors are not making dramatic alternations into and out of their positions. Moreover, despite the hourly fluctuations, the market displayed a generally balanced dynamic between the buying and selling forces. The slight rise and fall in rates could be attributed to regular trading activities rather than dramatic market news or events. Traders and foreign exchange strategists usually prefer conditions of lower volatility, as they provide a more predictable trading environment. Such consistency allows for more reliable projections of price movements, fostering a more strategic approach to investment activities. However, it''s essential to highlight that this stability does not eliminate the need for watchful monitoring of the TMT market. Several upcoming events could potentially influence the exchange rate, prompting a major shift in the trends. Investors should keep an eye on international monetary policies, geopolitical events, and potential economic shifts that can drastically impact market conditions. While the stable trading range is a positive indicator, investors should also consider other variables such as volume and market sentiment. Trends in these areas can also provide crucial insights into potential accelerations or decelerations in the TMT exchange rate. In conclusion, this analysis unlocks a key trading model to mitigate risk – studying the past to strategically act in the present and, more importantly, plan for the future. Now more than ever, traders are urged to cultivate their attentiveness and leverage analytical insights to keep updated with market trends that might significantly impact their positions in the trade world. As we move forward, the market''s guidance will become even more crucial, with enhanced attention on any signs indicating a shift from the current stability to higher volatility. Minor Fluctuations in TMT Exchange Rates Amid Market Stability

Current Middle Market Exchange Rate

For information purposes only.