2024-05-13 Kwacha News
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2024-05-12
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
1. Understanding the overall trend of the exchange rates
From the provided time-series data, it can be seen that the overall trend of the exchange rates (MWK) appears to be relatively stable. The rate fluctuates slightly, but not significantly, between 0.00078 and 0.00080 over the entire period. One notable point is a slight increase in the rate at 2024-04-12 14:00:01, 2024-04-16 08:00:02, 2024-04-16 10:00:02, 2024-04-16 14:00:03, and 2024-04-16 22:00:02 where the rate goes up to 0.00080. There are also slight decreases to 0.00078 at 2024-04-23 16:00:02, 2024-04-23 20:00:03, 2024-04-25 14:00:03, 2024-04-25 16:00:02, 2024-04-25 18:00:03, 2024-05-06 20:00:04, and 2024-05-02 20:00:03. However, these shifts are generally in sync with the rest of the dataset, and do not indicate a clear upward or downward trend.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
In terms of seasonality or recurring patterns, the dataset does not seem to exhibit any noticeable daily or monthly patterns. The MWK exchange rate floats around a relatively steady median value of 0.00079, regardless of the time or date. However, a more thorough analysis using specific statistical tools or models may be needed to detect more subtle seasonal effects or patterns that may not be obviously visible from a cursory examination of the data.
3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
There don't appear to be any clear outliers in the dataset. The exchange rates are always within a range of 0.00078 to 0.00080, and there aren't any instances where the rate jumps or drops significantly outside of that range. We could potentially consider the moments when the rate reaches the extreme values of 0.00078 or 0.00080 as minor "outliers" within the context of this dataset, but they are not far removed from the typical values in this range and do not represent drastic changes in the exchange rate.
![Persistent Stability Amidst Fluctuations in MWK Exchange Rates](http://currencymart.net/images/news/kwacha/2024-05-13/img-E76MSwOMk5svr921ITmu8Jwr.webp)