2024-04-22 Kwacha News

Summary of Last Week

  • 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

Upon close inspection of the dataset, the exchange rate of MWK remains consistently stable throughout the time period analysed, maintaining a rate of 0.00078 for a significant duration. There is a slight change noticed on 2024-04-04 10:00:03, where the rate slightly drops to 0.00077. However, this drop seems temporary as the rate quickly recovers to its original value of 0.00078 in the subsequent data point. Later, from 2024-04-08 22:00:02 onwards, the exchange rate shows a slight increase, fluctuating between 0.00079 and 0.00080.

Seasonality or Recurring Patterns

For the given dataset, there does not appear to be any clear indicators of seasonality or recurring patterns. The MWK exchange rate seems to be independent of the timestamp as it remains remarkably steady throughout the entire period. This unvarying trend suggests that the rate doesn't fluctuate with respect to a specific time of the day or a specific day of the week.

Outliers and Significant Deviations

Considering the overall consistency of the exchange rate, there are a few instances where it deviates from the norm, slightly increasing or decreasing. On 2024-04-04 10:00:03, the value decreases to 0.00077 which can be considered an outlier since it's lower than the generally observed rate of 0.00078. Similarly, starting from 2024-04-08 22:00:02, the rates show a small increment, reaching 0.00080 on 2024-04-12 14:00:01, which is a deviation away from the usual rate.

Please note that these deviations are relatively minor, and may not significantly impact the overall exchange rate trend of MWK. However, they stand out due to the consistent nature of MWK's exchange rate in the given dataset.
latility The financial market experienced an unanticipated calmness in the face of the unexpected static behavior of MWK (Malawian Kwacha) exchange rate throughout the end of March and into the first half of April 2024. Experts were left off guard as the MWK sustained an unchanging exchange rate during a volatile period of economic uncertainty. In a market where fortunes pivot on fractional shifts in exchange rates, the sustained steadiness of the MWK has provided an intriguing case study. The dataset, spanning from the 22nd of March to the 19th of April 2024, records a consistency in the MWK exchange rate unsettlingly on par, maintaining a stable figure of 0.00078, with minor fluctuations to 0.00077, 0.00079, and a brief peak of 0.0008. The steadiness, anomalous in a market where volatile movements are a daily occurrence, has intrigued both investors and analysts, leading to an interesting divergence in strategies. Some investors see a rare opportunity for safe returns, while others remain wary of the tranquillity, fearing it may be the calm before a violent, destabilising storm. Analysts point out that such stability amidst macroeconomic fluctuations is highly unusual and caution against viewing this calm sea as an indication of a quiet voyage ahead. "The stable exchange rate of the MWK is not unusual, but it''s rarity cannot be overstated. It draws attention, luring those who see in it safe haven amidst a turbulent sea of investment choices," said a senior analyst of a leading investment firm. Considering the prevailing economic conditions, the stability of the MWK could reflect a strong internal economy that is effectively weathering external economic storms. However, it could also indicate a tightly controlled, artificially maintained currency value that might not hold in the face of continued financial turmoil across the globe. The financial world is watching with intrigue as the MWK maintains its exchange rate stability. Observers are keenly interested in how long this unprecedented period of calm will last and what its ultimate impact will be on the economy of Malawi and its trading partners. Looking ahead, the question remains if this proved to be a pit-stop of stability amidst the high-speed race of currency markets or a harbinger of a major disruption looming in the horizon. Investors and analysts alike will keep a vigilant eye on the MWK, bracing themselves for an impeding change that could shift the tides of the economic landscape.Stability Reigns Over MWK Exchange Rate Amidst Market Volatility

Current Middle Market Exchange Rate

For information purposes only.