Invincible Stance MWK Exchange Rates Defying Odds
2024-04-25
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 Trend of Exchange Rates
Based on the provided dataset, the overall trend of MWK exchange rate indicates more or less stable rates. Except when we look at data at 13:10:03-14:30:03, when it decreases from 0.00079 to 0.00078 and back to 0.00079 at 13:30:03, and then keeps falling till 20:10:02 from 0.00079 to 0.00078. However, these are minute variations that don't establish any significant upward or downward trend given that they return to stability.
Seasonality and Recurring Patterns
With respect to identifying any seasonality or recurring patterns in the exchange rates, the given dataset does not provide enough information for this determination. The data provided spans a single day, and seasonality in exchange rates would typically be identified over longer periods of time, such as monthly or quarterly data, over multiple years.
Outliers and Unexpected Rates
As far as outliers are concerned, the dataset does not contain any extreme values that would suggest significant deviations from the average exchange rate. All values are either 0.00079 or 0.00078 which are close enough to not be considered outliers. It's probable that during the time period of the data collection, no major financial news or events occurred that significantly affected currency exchange rates.
Final Statement
It's important to note that while analyzing such data, it's always beneficial to have more diversified data spanning over a longer period of time. This would provide a better understanding of the rates and their fluctuations and might lead to more accurate insights. Remember that exchange rates are volatile and influenced by multiple local and global factors.
