2024-04-30 Kenyan Shilling News
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2024-04-29
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 of Exchange Rates
The time series data provided shows the exchange rate of an unknown currency to Kenyan shillings (KES) over a certain period of time. Upon a preliminary look at the data, the exchange rate remains relatively stable with minor fluctuations. There appears to be a slight decrement around the 01:15 timestamp, when the exchange rate drops from 0.01029 to 0.01011. Otherwise, the rate hovers within the range of approximately 0.01011 to 0.01014.
Seasonality or Recurring Patterns in Exchange Rates
The data appears to show no clear seasonality or recurring pattern. Changes in exchange rate are generally irregular and inconsistent, showing no clear cyclical pattern within the data provided. The absence of seasonality can be a characteristic of exchange rate data, influenced by a multitude of unpredictable economic variables.
Outliers in Exchange Rates
Based on the data provided, there don't appear to be any significant outliers. Most of the exchange rates fluctuate within a very close range with an occasional minor decrement or increment. However, these minor changes might not be considered as outliers given the overall data distribution. Further statistical analysis would be needed to conclusively identify any outliers.
It is also important to note that currency exchange rates can be affected by a wide range of financial and economic events, including changes in interest rates, inflation rates, political instability, economic performance, and more. However, as instructed, this analysis does not take those factors into account.
![citing KES Stability Marks Unusual Forex Market Calm
In a distinct departure from the usual ups and downs experienced in the foreign exchange markets, the Kenyan Shilling (KES) has had an unusually stable performance in the past 24 hours. Investment analysts and market observers have been intrigued by this pattern of stability, coming in the wake of days marked by significant currency fluctuations.
From the opening minute of the trading day today, the KES exchange rate hovered around the 0.01028 to 0.01014 mark, with minor fluctuations that barely grazed the 0.01013 level. This uncommon level of steadiness lasted throughout the entire trading session, absent of the usual spikes and troughs associated with the forex market.
The impressive stability of the KES isn](http://currencymart.net/images/news/kenyan-shilling/2024-04-30/img-DngRoTL9oUMd721mq48FbIXm.png)