2024-05-22 Kenyan Shilling News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-21
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
The data provided reveals an interesting view into the nominal kes exchange rate for the particular day recorded. The general trend seems to be a stable rate that periodically shows minor fluctuations. Most notably, the rate starts at 0.01064 and experiences slight increases and decreases throughout the day with the maximum rate being 0.01065 and the minimum rate being 0.01033. The rate finally ends at 0.01045 demonstrating a mild decrease from the opening rate.
Identifying Seasonal and Recurring Patterns
The data does not show any clear seasonal or recurring patterns. The fluctuations in the exchange rate seem to occur at random intervals throughout the day. However, there is a small yet noticeable increase in the rate towards the end of the day, which could indicate a possible daily recurring pattern. This needs further analysis to identify a definitive pattern since the data span is limited to one day.
Noting Outliers and Unexpected Results
There does not appear to be any particular outlier or significant unexpected exchange rate in this dataset. All fluctuations seem to be within a minimal range around the general trend. Any variation that is observed seems to fit within the general context of exchange rate volatility resulting from trading activity. This suggests that the dataset is relatively consistent and does not contain abnormal spikes or drops in the exchange rate.
Providing a more comprehensive analysis would involve data across multiple days, weeks or even months. The broader the data set, the more detailed understanding we can have towards the exchange rates' behavior, its variance, and its potential impact. Also, it's important to note that while this analysis has striven to be accurate, it is based solely on the provided data and does not take into account external factors that can significantly affect exchange rates, like geopolitical events, economic reports, or changes in fiscal policy.
![KES Stability Watch: Consistent Trading Patterns Continue Through May 2024](http://currencymart.net/images/news/kenyan-shilling/2024-05-22/img-WHoV12ytx6HHPqekTkS1tleQ.webp)