2024-05-08 Kenyan Shilling News
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2024-05-07
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
Over the period shown, the exchange rates generally show an increasing trend. At the beginning of the period, the exchange rate starts at 0.01017 and towards the end, the rate is at 0.0103. This increase in exchange rate implies that the Kenyan Shilling (KES) has depreciated against the reference currency over this period. The exchange rate first increases to 0.01019, followed by a few fluctuations between 0.01017 and 0.01023 before settling at 0.0103 towards the end of the period.
Seasonality and Recurring Patterns
From this dataset, it's challenging to identify clear seasonality or recurring patterns due to the detailed granularity (every five minutes). The exchange rate seems to have many instances where it remains constant for longer periods, such as the stretch between 0.01017 and the gradual increase to 0.0103.
Notable Outliers
Based on the relatively smooth trend of the exchange rate, there are a few slight deviations or outliers from this trend. For instance, there's a sharp rise from 0.01017 to 0.01023, followed shortly by another increase to 0.01025, then it plateaued. A more notable outlier is the relatively rapid consecutive increases from 0.01028 to 0.01031 towards the end of the period.
Considerations
As directed, this analysis does not take into account any specific events or effects of market opening/closing hours, weekends/holidays, or the release of key financial news and reports. However, in a full-fledged analysis it would be ideal to consider these factors as they might result in sudden shocks or movements in the exchange rate.
![Unusual Stability in KES Exchange Rate Witnessed in the Market](http://currencymart.net/images/news/kenyan-shilling/2024-05-08/img-2ZyhUnkbcX7hmOaEEJrvtc0m.webp)