2024-05-02 Kwacha News
2024-05-01
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis Results
After a thorough analysis of the provided time-series data, the following observations and insights have been made:
1. Understanding the Overall Trend of Exchange Rates
The exchange rate of MWK has shown a relatively stable pattern throughout the observations, remaining constant at 0.00079 for a considerable duration. However, there is a slight increase towards 0.0008 towards the end, indicating a slight upward trend in the rates, albeit not very significant. This could be an indication of economic or market factors affecting the currency value, but it's important to note that the trend is relatively minor given the large dataset.
2. Seasonality or Recurring Patterns
No discernible seasonality or repeating patterns are apparent in the exchange rates data provided. The rates generally remain stable over each day without any specific times seeing a noticeable increase or decrease. This could be attributed to the constant nature of exchange rates in shorter durations (in this case, every 5 minutes of observation).
3. Outliers in Exchange Rates
There is one noticeable discrepancy in the exchange rate when the MWK rate increased to 0.0008 from the predominant rate 0.00079. This could potentially be an outlier in the data. However, contextual factors or external influences would need to be considered to definitively categorize it as an outlier. Given the instructions provided, such considerations have not been taken into account for this analysis.
It is crucial to correlate these findings with other relevant economic indicators and market trends for accurate interpretation.