2024-04-22 Kwacha News
2024-04-21
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.