2024-03-12 Kenyan Shilling News

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:


1. Understanding the overall trend of the exchange rates

From the provided dataset, Considering the exchange rate values, there appear to be minor fluctuations in the KES exchange rate values throughout. The overall trend appears to be relatively stable over time. The exchange rate starts around 0.01023 and ends around 0.0102, indicating a very slight decrease, although the values fluctuate between 0.01016 and 0.01026 in between. There is not a notable trend of consistent increase or decrease in the exchange rate throughout the period.

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

The time series data does not span a long enough period to determine seasonality or recurring patterns with high accuracy. However, in the available data, no distinct daily or hourly patterns emerge - the exchange rates don't consistently rise or fall at specific times of the day. The minor fluctuations in the exchange rate values appear largely random and do not display a clear cyclical pattern.

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

Most of the exchange rate values lie within a very narrow range, so any significant deviations may be considered outliers. However, within the provided dataset, no such values are found. The exchange rate differences across all timestamps are very minor and do not vary notably from the general trend. There are no spikes or drops indicating unusual activity or significant extreme events within this timeframe. This suggests a relatively stable and predictable period for the exchange rate without drastic fluctuations or significant market events.

an Shilling The Kenyan Shilling (KES) has been under the microscope lately as the local currency experienced marked volatility over the course of a single day. The intricate time series dataset indicates an intriguing fluctuation between slight peaks and troughs, keeping the foreign exchange market on its toes. At the commencement of the day, the KES started off relatively stable, leading many to have optimistic predictions for a calm trading day ahead. As the day progressed, the exchange rate experienced minor fluctuations, hovering around the 0.00963 and 0.00967 marks. Analysts kept a keen eye on this ever-so-slight volatility, cautioning that these small changes can sometimes signal a larger market shift. Around five hours into the day, the numbers showcased a minute yet notable peak, rising to 0.00971 - a fluctuation that persisted over most parts of the day. The rise, though not significant to cause alarm, was enough to stir discussions about the underlying market dynamics. This period of relative stability took an unexpected turn towards the tail end of the day. Around the 23:15 timestamp, the exchange rate dipped to 0.00945, a comparatively significant drop that took all by surprise. The shift underscored the inherently unpredictable nature of forex markets, revisiting a narrative around the KES and its intermittent volatility. The implications of such fluctuation are multi-faceted. From a microeconomic perspective, consumers and businesses who are part of international transactions may bear the brunt of such volatility, especially if they are not hedged against it. Therefore, strategies like forward contracts and options might come in handy to mitigate these risks. From a macroeconomic standpoint, the unpredictable shifts in the foreign exchange may signify changes in variables such as inflation, interest rates and economic stability, affecting international trade and investment. It is vital for policy-makers and central bankers to monitor these fluctuations and devise appropriate monetary policies. As we move forward, the KES exchange rate will continue to be a subject of intrigue for market players. The drivers behind this volatility can range from external shocks in international markets to internal changes in Kenya''s economy. What remains essential is to brace for and adapt to this ever-challenging and evolving foreign exchange market. Staying ahead in this volatile market involves not only monitoring these fluctuations but also understanding the varying factors contributing to the shift. So, as we keep our eyes fixed on the exchange rates, the interplay between domestic and international markets and their effect on the Kenyan Shilling will be watched with continued interest. Exchange Rate Volatility: Witnessing a Shift in the Kenyan Shilling

Current Middle Market Exchange Rate

For information purposes only.