2024-04-19 Kwacha News
2024-04-18
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 trends in the exchange rate
Examining the dataset provided, the exchange rate of MWK appears to be quite stable overall. The exchange rate was consistently at 0.0008 from 2024-04-18 00:10:02 until 2024-04-18 06:10:02. After that, the exchange rate decreased to 0.00079 and remained steady at this level until the end of the data set at 2024-04-18 23:55:02. This signifies that, during this one day, there was only a small decrease in the exchange rate.
Seasonality and recurring patterns
Given that the data presented is only for a 24-hour period, it's hard to identify any recurrent seasonal trends precisely. Seasonality typically requires long-term data stretching across several months or years. However, in the provided dataset, there appears to be no prominent recurring pattern in the changes of exchange rates.
Outliers in the exchange rates
With regard to the dataset provided, there seems to be no notable outliers. The exchange rate mainly stays at two levels - 0.0008 and 0.00079. It trended at 0.0008 for approximately the first quarter of the day before dropping to 0.00079, where it remained consistent throughout the remainder of the day. During these periods, the exchange rate remained constant, with no substantial unpredictable fluctuations that could be classed as outliers.
External Factors
The task does not require accounting for specific external factors such as market opening/closing hours, weekends/holidays, or release of key financial news and reports. Therefore, these factors have not been factored into the analysis. It should be noted, however, that these factors can have a significant influence on exchange rates in a real-world scenario, and might be worth considering for a more in-depth analysis.
Future Forecasts
As per the request, the analysis does not include any predictions for future rates. It should be noted, however, that past performance is not always an accurate indicator of future trends, and more sophisticated models might be required for accurate forecasting.
