2024-05-14 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:


1. Trend Analysis

After carefully reviewing the provided dataset, it seems that the KES exchange rate displays a slow but steady increase for the first part of the presented time frame. Starting at the rate of 0.0104 at the timestamp '2024-05-13 00:00:02' early on, it gradually grows to reach a peak of 0.01048 around '2024-05-13 04:35:02'. Subsequently, the rate mildly fluctuates between small intervals, yet, preserving an almost consistent trajectory till the '2024-05-13 23:55:02' timestamp. Hence, the overall trend of the KES exchange rate appears to be relatively stable throughout this period.

2. Seasonality and Patterns

The given time series data does not seem to be long enough (just about a day's record) to determine seasonality as such patterns usually emerge over a substantial period. However, based on this limited dataset, a couple of recurring patterns can be deduced. A slight increment in the exchange rate is noticed during the early hours, reaching a peak around mid-morning ('2024-05-13 04:35:02'), after which it maintains almost the same value with minor fluctuations throughout the day. This could be associated with the opening hours of financial markets, though this pattern needs to be validated with more data.

3. Notable Outliers

An analysis of the dataset revealed that the KES exchange rates primarily remained within the range of 0.0104 and 0.01048. However, certain instances deviate significantly from this numerical range. These deviations are typically associated with the peaks resulting in slightly higher rates compared to the rest. Such instances can be considered outliers in this context, though they are not extreme and appear to be part of the overall trend.

Note: This analysis is purely data-driven and considers only the given time series data. Several external factors such as changes in global financial trends, market events, announcements by financial institutions, or economic indicators may also significantly impact these exchange rates.

Over 24 Hours In recent financial news, the Kenyan Shilling (KES) saw a slight but consistent increase in its exchange rate during a 24-hour window on May 13, 2024. As shown by recently analysed time-series data, the value of KES started at 0.0104 at the beginning of the day and experienced incremental increases, reaching a peak of 0.01048, before closing the day at 0.01041. According to the time-stamped financial dataset, the KES maintained a steady rate of 0.0104 until the early morning hours, where it jumped slightly to 0.01042. The rate then saw gradual increments throughout the day, reaching its highest at 04:35 am at 0.01048. Despite minor fluctuations, the strength of KES remained relatively steady, indicative of a healthy and stable economy. Further in-depth analysis suggests that this slight increment, while seemingly insignificant, can be an indication of potential economic growth factors. These factors could be related to positive economic news, robust financial indicators or even favourable political and social events within the nation. Considered one of the stronger currencies in East Africa''s trading bloc, the steady KES exchange rate could impact import and export prices, especially those practicing trade with Kenya. Additionally, investors in foreign exchange markets and Kenyan securities could potentially benefit from these fluctuations, given the volatility inherent in forex markets. However, it is critical to consider that the performance of a currency in a foreign exchange market is relative. For instance, the slight appreciation of the KES could also signify a relative depreciation of other currencies. These dynamics could be driven by macroeconomic factors, including but not limited to interest rates, inflation, and political stability. Moving forward, market watchers and investors are recommended to focus on the Kenyan government''s fiscal and monetary policies, alongside the global economic landscape, as it could impact the KES''s performance. In addition to this, the strength of Kenya''s economic fundamentals, such as inflation and interest rates, will play a critical role in determining the future direction of the KES. In conclusion, while the KES has observed a fractional increase over the past 24 hours, the long-term impact on the economy cannot be determined from this isolated event. Market participants should, therefore, practise due diligence, keep a watchful eye on the shifting dynamics in the regional and global economies, and have a keen understanding of the complex factors affecting foreign exchange markets.Subtle but Steady Increase in KES Exchange Rate Noticed Over 24 Hours

Current Middle Market Exchange Rate

For information purposes only.