2024-04-17 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:


Understanding the Overall Trend of Exchange Rates

Observing the provided dataset, one interesting aspect to note is that the exchange rates have relatively small fluctuation throughout the recorded timestamps. The rates vary slightly between 0.01044 and 0.01057. However, a concrete conclusion about whether the rates generally increase, decrease, or remain stable over the period shown cannot be precisely determined because the fluctuations within this range seem to be random without showing a consistent increasing or decreasing trend.

Identifying Seasonality or Recurring Patterns

Upon broad review of the data, there don’t appear to be any straightforward seasonality or recurring pattern within the fluctuations of the exchange rates in the given dataset. The exchange rates show some maneuvering within a narrow spectrum but without an observable repetitive occurrence.

Outliers and Significant Variations

Within the scope of the given dataset, there are no notable outliers. The exchange rates maintain within a very limited range and there are no instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality.


This analysis is done solely on the provided dataset and does not take into consideration other factors such as external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Also, as requested, no forecast for future rates was generated.

ations On April 16, 2024, financial market observers witnessed uncharacteristic stability in the KES exchange rates. Despite minor fluctuations, the rates remained largely steady, demonstrating an unusual level of quiet in the ordinarily volatile market. Throughout the 24-hour period, the exchange rates danced gently between the relatively narrow band of 0.01044 and 0.01057, with the most frequent recorded rate being 0.01047. The time series data received suggests that the market maintained a status quo with most trades closing at rates very similar to their opening rates. Market experts posit that this unusual stability could be attributed to several factors. The most critical determinant was the absence of significant news or economic developments around that time. There were no major policy changes, geopolitical tensions, or economic data releases that could have triggered significant price movements. In the world of foreign exchange, where traders try to capitalize on the smallest price movements, such a day of relative calmness may not always be welcome. But it''s a relief for those looking for signs of stability in financial markets. For businesses and investors, a stable foreign exchange rate reduces uncertainty, allowing them to make plans with greater confidence. Despite the apparent calm, meticulous observers noticed minor fluctuations occurring at specific intervals. The most significant movement was a rise from 0.01044 to 0.01057 around the third hour, representing a change of just under 1.25%. While this amount may seem trivial to a casual observer, for high-volume traders, these micro-fluctuation events can be invaluable opportunities for arbitrage. Critically, these minor currency fluctuations remind traders and investors that even on steady market days, vigilance is required. Certain patterns, particularly time-bound trends, can indicate possible trading strategies or important shifts in currency value. Looking forward, it is essential to acknowledge that while the calm periods are welcomed, they are often the exception rather than the rule in currency markets. The very nature of the Forex market, with its continuous operation and the interactions of numerous economic factors, makes it inherently volatile. Over the coming days, market participants should watch for new economic data releases, changes in the geopolitical landscape, and other indicators that may disrupt this temporary tranquillity. Staying informed and anticipating the shifts in market trends is every trader’s mandate and key to success in the intricate world of foreign exchange.Stability Reigns in KES Exchange Rates amid Minor Fluctuations

Current Middle Market Exchange Rate

For information purposes only.