2024-05-17 Kenyan Shilling News
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2024-05-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the overall trend of the exchange rates
The given dataset ranges from a minimum of 0.01039 to a maximum of 0.0105. This relatively minor fluctuation suggests a relatively stable exchange rate over the period presented in the data. There does not seem to be a clear increasing or decreasing trend over time.
Identifying Seasonality or recurring patterns
A preliminary analysis does not suggest any clear daily seasonality or cyclical patterns where the exchange rate fluctuates at a regular interval. The data appears to be quite stable, and any variations are marginal. However, a deeper statistical analysis would be required to establish or dispel the presence of any underlying patterns not immediately observable.
Noting any outliers
Outliers in a dataset are figures that are significantly higher or lower than the majority of data points. However, in this provided series, no notable outliers have been seen. The fluctuations in the rates are quite minimal and there are no drastic leaps or drops that would suggest the presence of outliers. All the numbers are close in range and follow alongside a seemingly consistent trend.
Other Noteworthy Observations
- At some points, the exchange rate maintains the same value over several timeframes and then changes. This could be attributed to the market response to similar conditions during these periods.
- Overall, the data demonstrates a steady rate with very slight fluctuations, indicating a level of stability in the exchange rate over the period under analysis.
![Consistent Fluctuation in KES Exchange Rate Puts Market on Edge](http://currencymart.net/images/news/kenyan-shilling/2024-05-17/img-StgMb49KNVACK85mtCRk3FSe.webp)