2024-05-07 Kenyan Shilling News

Summary of Last Month

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Overall Trend Analysis

The data provided runs from 2024-05-06 00:00:02 to 2024-05-06 23:55:02. This is roughly a 24-hour time period. Over this time, the KES exchange rate shows fluctuations. The KES exchange rate begins at 0.01035 and ends at 0.01017. This indicates a slight decrease in the exchange rate over the stated 24 hour period.

Seasonality or Recurring Patterns Analysis

Seasonality or recurring patterns can often be observed if data for a more extended period is available, like monthly or yearly data. In the provided one-day data, the regular patterns of change are difficult to highlight definitively. However, it is noticed that there were small fluctuations in exchange rates within this 24-hours window. These minor changes might be due to a variety of factors that could include trading volume variations, geopolitical events, or economic news. Further analysis on more extended periods would bring a better understanding of any seasonality or recurring patterns.

Outliers Analysis

In the given data, there are no significant outliers or instances where the exchange rate differs significantly from the trend observed. All fluctuations appear to be within a reasonable range for a 24-hour period and none of the rates differ drastically from others. These rates could suggest a stable day in the exchange rate market or low volatility during this specific period.

To make an accurate and significant analysis, having additional historical data points would greatly help in understanding more about overall trends, significant shifts (rises or falls), and recurring behaviors.

As global markets brace themselves for another dynamic economic week, recent data suggests an interesting trend in the Kenyan Shilling (KES) exchange rates. Amidst the normal fluctuations common to sturdy economies, the KES appears to have experienced some notable shifts in the past 24 hours warranting an in-depth analysis. The time-series data collected over the period indicates the KES opened the trading window at a rate of 0.01035. The value of KES remained fairly stable for the first few hours before a minor decrease to 0.01034 was recorded. Remarkably, the exchange rate then started to show a gradual downward trend during the early hours, dropping as low as 0.01017. The interesting scenario unfolded after the initial decrease. The time series data indicates that the KES exchange rate recovered slightly over the next few hours to reach a stable phase of 0.01019. After this superficial recovery, the currency began another period of slight decline but remained largely stable for the rest of the day. For the uninitiated, these changes in the exchange rate might seem like minor adjustments, almost inconsequential. However, to seasoned investors, economists, and policymakers, these fluctuations play a significant role. As Kenya''s official currency, the stability of KES weighs heavily on the country''s import and export dynamics, purchasing power, inflation rates, and overall economic integrity. Moreover, it also plays a part in attracting international investors and affecting foreign direct investment. The substantial question that arises here is, what triggered these fluctuations in KES? While it is impossible to pinpoint a singular factor, there may be myriad reasons. The common drivers include inflation differences, interest rate changes, public debt, and political stability. The particular factors influencing KES during this period would require more granular data to identify accurately. Despite these fluctuations, it is noteworthy that the KES displayed a resilience against abrupt drops, maintaining its value in the 0.0101 range for most of the trading period. This resistance attests to Kenya''s robust and resilient economy, providing a cushion against potential economic shocks. Moving forward, close monitoring of the KES exchange rate is advised for investors and policy makers alike. The data serves as a reminder of how fluid and interactive the global exchange market is, and signifies the potential impact on the economy. Observers should be on the lookout for more trends, changes and data that will further elucidate the behaviors and possible future trajectories of the KES. After all, as calm or as tumultuous as the seas of global finance can be, only those who learn to read the waves can navigate safely through them.Significant Fluctuations Seen in KES Exchange Rates

Current Middle Market Exchange Rate

For information purposes only.