2024-05-15 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 the Exchange Rates

Based on the provided data, the overall trend of the KES exchange rate appears to be relatively stable throughout the day. The exchange rate fluctuates between approximately 0.0104 and 0.0105 without any significant increases or decreases. This suggests that there is a level of consistency in the currency market during this period.

Identifying Seasonality or Recurring Patterns in the Exchange Rates

Regarding seasonality or recurring patterns, the data does not seem to indicate any explicit pattern. The fluctuations between the high and low exchanges rates seem to occur throughout the day, regardless of the hour. This implies that the market isn't particularly influenced by the time of day or a specific season. More data would be needed to determine if there are monthly or yearly seasonal variations.

Noting Any Outliers in the Exchange Rates

The data appears to contain no significant outliers. The exchange rate consistently stays within the relatively small range mentioned earlier. There are no instances of the rate differing significantly from the general trend, suggesting a somewhat stable market during this timeframe. There are no drastic increases or decreases that would represent potential anomalies or outliers.

Constant Activities On May 14, 2024, the Kenyan Shilling (KES) experienced a series of minor fluctuations among a routine day of trading, attaining a steady status that rallied throughout the day. This particular observance appears unanticipated, given the continuous activities in the global financial sphere. The trading day kicked off with a value of 0.01041 for the KES, and within the hours of midnight and dawn, the currency''s exchange rate underwent slight shifts ranging between 0.01041 and 0.01048. This period was marked with minimal volatility, hinting at potential stability in the general performance of the economy. The KES demonstrated substantial resilience amidst global economic adversities, maintaining an exchange rate of 0.01048 for most of the following afternoon before experiencing a negligible ascend to highest point of 0.01052 by mid-morning. Despite the routine speculation and activity during these trading hours, the KES exhibited an unprecedented level of stability. The currency’s consistency remained viable through the day''s closing hours, presenting a moderately reduced value of 0.01050. While slight adjustments were observable, the KES maintained a similar range of fluctuations, cementing its robust standing in the global markets. The stability of the KES may potentially be attributed to the Kenyan Central Bank''s aggressive monetary policies or the upcoming economic reforms aimed at bolstering the country''s economy. These policies, combined with external factors such as foreign investments and trade balances, may be influencing the shilling''s performance. The entire day’s proceeding validates the seemingly robust health of Kenya’s economy, considering the persistent activities that normally trigger massive shifts in a currency''s value. Furthermore, the consistent trend portrayed by the KES during this day may hint at a steady economic environment that could reassure investors and traders. Moving forward, market participants will be eager to observe if this minimal volatility persists and what it could imply about the country''s economic situation. Keen observation of macroeconomic indicators such as GDP growth rates, inflation, and monetary policies will be significant in predicting future trends. Admittedly, this pattern could take a different turn subject to various global and internal economic activities. Therefore, traders, investors, and other stakeholders are advised to keep tabs with market trends, policy adjustments, and global economic shifts that could affect the KES''s stability. It is worth noting that a single day''s trend does not sufficiently provide a holistic view of the KES performance or Kenya''s economic health. A continuous analysis of its performance, coupled with a keen understanding of both local and global happenings, will grant a more nuanced grasp of the prevailing and future economic conditions.  KES Exchange Rates Undergo Minimal Fluctuations Despite Constant Activities

Current Middle Market Exchange Rate

For information purposes only.