2024-05-07 Kwacha News
2024-05-06
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend Analysis
From the data points provided, the exchange rates were observed to be generally consistent, with a minor discrepancy at some points. The exchange rate remained constant at 0.00079 for most of the duration. However, there are instances where the rate dropped slightly to 0.00078. This duration of drop is relatively short, hinting that it may not signify a trend but rather a random fluctuation.
2. Seasonality or Recurring Patterns
With regards to recurring patterns or seasonality, the data does not suggest significant fluctuations indicating such. The minor decrease to 0.00078 seems to occur at non-specific intervals. Hence, it could be concluded that the data does not display a noticeable trend in temporal pattern or seasonality.
3. Identification of Outliers
From the data provided, the few instances where the exchange rate dropped to 0.00078 could be considered as outliers since they deviate from the stable rate of 0.00079. However, given the slight difference in exchange value (0.00001), it may not be significant enough to impact economic decisions.
4. External Factors
As per the requirements, I have not considered any external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. These factors can significantly influence exchange rates; thus, the analysis provided is purely based on the presented data.
Summary
Based on the analysis, the data shows a consistent exchange rate with exceptions of minor decreases which could constitute outliers. However, these changes are slight and may not significantly impact the overall trend. The lack of a clear seasonal or recurring pattern in the data reduces predictability for future exchange rates.
Disclaimer
Please note that this analysis is confined purely to the historical data provided and does not factor potential future events or external market factors that may have an impact on the exchange rate.