Kwacha Forecast

Not for Invesment, Informational Purposes Only

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 Exchange Rates

    The overall trend of the exchange rates over the given period has been largely stable. The mwk exchange rate has predominantly remained constant at 0.00081. This level of stability in the currency exchange market is unusual because exchange rates are typically volatile and fluctuate due to changes in supply and demand forces in the foreign exchange market. However, looking at this specific data set devoid of the consideration of any external market factors, the exchange rate for mwk has been largely stable and constant.

    Seasonality or Recurring Patterns

    In terms of seasonality or recurring patterns, due to the relatively steady nature of the exchange rate in this dataset, it's challenging to propose any meaningful or clear cyclic behavior or seasonal patterns. At most, there is a slight decrease to 0.0008 at occasional intervals: notable instances occurred at times: '2024-02-29 08:55:04', '2024-02-29 20:05:02' and maintained at this rate for some time before it returned to the predominantly stable rate of 0.00081.

    Outliers in Exchange Rate

    Given the general trend and considering the mwk exchange rate mostly stayed at 0.00081, the few instances where a rate of 0.0008 was recorded could technically be considered as "outliers". While these rates are certainly lower than the most common rate, it's worth noting that the difference is quite minuscule. Therefore, these "outliers" are not likely impactful in the big picture of currency exchange. Without specific knowledge of external events or market changes that could've caused these slight decreases, they are noted as minor deviations from the overall stable trend.

    However, it's important to state that this analysis is based solely on the provided data set, without consideration of any outside factors or events that can typically influence exchange rates significantly.

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:
  • Trend

    Understanding the Overall Trend of the Exchange Rates

    The dataset provided indicates the MWK exchange rates at different timestamps spanning across a significant duration. Given the figures in the dataset, it can be seen that the exchange rate remains fairly stable at 0.0008 for the initial part of the dataset. However, there is a slight increment at a later stage, where the exchange rate changes to 0.00081. This small change shows that while the exchange rate varied within the observed duration, the degree of change is minuscule.

    Identifying Seasonality or Recurring Patterns in the Exchange Rates

    Noting the sequence of the dataset, it's clear that fluctuations in the exchange rate do not demonstrate a distinct seasonal or cyclical pattern. The rate remains largely stable throughout, with a nominal increase observed only once.

    Noting any Outliers in the Exchange Rates

    Given the stability of the exchange figures, it is difficult to identify an explicit outlier in the dataset. The only substantial (yet not significant) deviation from the norm is the slight increment to 0.00081 from 0.0008. However, considering the relative stability before and after this change, this shift does not significantly disrupt the overall trend and hence might not be classified as a traditional outlier.

    It is important to remember that this analysis is based solely on the provided dataset. Other external factors such as political events, financial news from the international market, or changes in other economic indicators might also impact the currency exchange rates, creating sudden spikes or drops. Such events could potentially generate outliers, but are not taken into consideration within this analysis.

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:
  • Trend

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

    Understanding overall trend of exchange rates

    Looking at the dataset provided, it is noticed that the exchange rate of MWK remains constant at 0.0008 throughout the given period. This indicates a stable exchange rate with no noticeable increase or decrease.

    Identifying seasonality or recurring patterns

    Since the exchange rate of MWK continuously remains static through all the timestamps within the dataset, it's impossible to identify any seasonality or recurring patterns. The rate is fixed at 0.0008 and does not show any repetitive behaviours or periodic fluctuations normally associated with time series data.

    Noting any outliers

    Given that the data remains constant at all timestamps, there are no observable outliers within this dataset. Outliers would typically be represented by a significant departure from the established pattern, however, in this case, there's no variation in the data that could lead to the occurrence of outliers.

    Conclusions

    Based on the data analysis, it's evident that the exchange rates in this dataset have been entirely stable without any rate fluctuation, seasonal influences, or outliers throughout the entire period. Such kind of behavior is quite unusual for exchange rate data, which typically features inherent volatility and is influenced by a variety of macroeconomic variables.

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

    1. Understanding the Overall Trend

    The overall trend of the MWK exchange rate appears to be relatively stable throughout the period shown in the dataset. The rate consistently hovers around 0.0008, with occasional minor dips to 0.00079 and minor rises to 0.00081. This suggests that during these specific dates and times, there were no significant shifts or trends in the MWK exchange rate.

    2. Identifying Seasonality or Recurring Patterns

    As for finding any noticeable seasonality or recurring patterns in the provided MWK exchange rate, the data does not conclusively present any. Given the stability of the rates throughout the dataset, we cannot identify any consistent or strong fluctuations that would suggest a pattern or cycle in the data. It's also important to note that the timestamps do not cover a long enough period to effectively study annual or semi-annual patterns. Further and longer term data might be necessary to definitively establish any seasonal trends.

    3. Identifying Outliers

    Throughout the dataset, there are no major unexpected instances or outliers where the MWK exchange rate fluctuates significantly from its general trend. There are minor fluctuations - the rate dips slightly to 0.00079 at certain points and rises slightly to 0.00081 at others - but these changes are not significant enough to be classified as outliers. The MWK exchange rate appears to be relatively stable and consistent throughout the period covered in the dataset. Any larger outliers would likely need to be identified across a larger dataset or time period.

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:
  • Trend

    1. Understanding the Overall Trend of the Exchange Rates

    Based upon the data provided, the MWK exchange rate remained unchanged throughout the period observed at a rate of 0.0008. Therefore, we can deduce that the overall trend of the exchange rate remained stable during this period.

    2. Identifying Any Seasonality or Recurring Patterns

    As the exchange rate remained constant throughout, there isn't any significant seasonality or recurring changes in the dataset provided. Normally, in time series data, we look for recurring patterns that occur over a specific period, such as daily, weekly or monthly changes. However, in this dataset, the MWK exchange rate remains steady irrespective of the timestamp.

    3. Noting any Outliers

    Since the exchange rates remained steady at 0.0008 across the given timestamps, no outliers, or instances of the exchange rate differing significantly from the trend can be identified in this dataset. An outlier would usually be considered a value that deviates significantly from the general trend or expected value. In this case, all values are identical and hence no exceptional value stands out.

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:
  • Trend

    1. Understanding the overall trend of the exchange rates.

    Given the entire dataset, it is observed that the rate of exchange for the MWK has been constant at 0.0008. There is no visible increase or decrease trend. The rate stays stable throughout the provided timestamps, showing a relatively flat pattern throughout the data's extent. Therefore, it appears that the currency exchange market for the MWK is quite stable over the period shown in the dataset.

    2. Identifying any seasonality or recurring patterns in the exchange rates.

    As the data provided shows a consistent exchange rate with no fluctuation, there are no discernable seasonal or recurring patterns in the data. With no variance in the rates, it's impossible to deduce any pattern, cyclic or otherwise.

    3. Noting any outliers or instances where the exchange rate differs significantly.

    Since the exchange rate remains constant throughout the dataset at 0.0008, there are no outliers or significant deviations from this rate. The data does not display any volatility, and no spikes or dips are evident in the data provided. Consequently, there are no unusual instances to consider throughout the provided dataset.