2024-05-08 Kwacha News

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:



From the dataset provided, it appears that the exchange rate of the currency (MWK) remained stable at 0.00079 over the entire period. This is interesting, as exchange rates usually fluctuate due to an array of factors such as supply and demand, geopolitical events, and economic indicators.

Overall Trend

If we consider the overall trend of the exchange rate, it is flat, exhibiting no increase or decrease over the given timeframe. The consistent exchange rate of 0.00079 across all timestamps indicates the lack of any significant meandering trends within the data.

Seasonality and Patterns

Usually, in time series data like this, we would attempt to identify patterns or seasonality, such as recurring increases or decreases in value over specific periods. However, due to the stable nature of the exchange rate in the provided data, there isn't any identifiable seasonality or repetitive patterns present.


An outlier in a time series like this would typically be characterized by a data point where the exchange rate diverges significantly from the general trend or pattern. But in this instance, as every data point in the given timeframe is exactly the same at 0.00079, there are no distinct outliers.

This consistent exchange rate throughout could itself potentially be considered as an unusual occurrence, as it deviates from the typical expectance of fluctuation in currency exchange rates.


In conclusion, the given time series data of exchange rates is unusually steady, demonstrating no observable trends, patterns, seasonality, or outliers. This could potentially indicate an error in data collection or a period of exceptional stability in the currency's value. Please note that this analysis is purely based on the provided dataset and does not account for any external market conditions or events.

remarkable phenomenon occurred in the financial world today, as the exchange rate of Malawi Kwacha (MWK) stayed absolutely steady for a full 24 hours. What could have caused this intriguing stability and what might it mean for traders, the market, and the economy? This is what we''ll scrutinize in this detailed analysis. It all began on May 7, 2024, at precisely midnight when the MWK exchange rate registered at 0.00079 and then stayed consistent at this figure until the end of the day. For every five-minute interval tracked throughout the day, the exchange rate remained identical. Such a level of stability is rare in the world of fluctuating exchange rates, which prompts a close examination. Fluctuating patterns in exchange rates are standard in the constantly evolving and unpredictable world of finance. However, on this unusual day, traders who frequently deal with MWK had to deal with an unanticipated calm. Currency trading, often characterized by its volatility, makes such an event quite startling. Why has this happened? The root cause remains unclear, as a multitude of macro and microeconomic factors could lead to such stability. It could be due to a period of inherent economic stability in Malawi, or perhaps, a lack of impactful news that could trigger exchange rate changes. Another reasonable explanation could be a mix of buying and selling pressures countering each other out, leading to this unique equilibrium. The impact of this uncommon stability will be varied. For traders wagering on the volatility of MWK, this could effectively mean a day devoid of significant opportunities. On the contrary, for long-term investors, this stability might be seen as an encouraging sign of economic steadiness in Malawi, which could foster confidence in the country''s financial future. However, it''s essential to remember that this is just one day''s data. Therefore, while it''s interesting, it''s also crucial not to draw any wide-reaching conclusions based on this alone. What is more, critical is the prediction for the future. Looking ahead, the question that''s likely on everyone''s mind is - will this stability continue, or is it a brief calm before a storm of volatility? That''s something to watch for. It''s also pivotal to examine if this instance becomes a trend or remains an anomaly. In summary, May 7, 2024, was indeed a unique day in the realm of finance, demonstrating the unpredictable nature of the financial world. It serves as a reminder that sometimes, even in an area as fluctuating as currency exchange rates, calm is possible, albeit rarely. Readers should keep an eye out for further developments to help understand the broader implications and future trajectories of this intriguing event.Stable MWK Exchange Rate Holds Steady for a Day

Current Middle Market Exchange Rate

For information purposes only.