2024-05-13 Kwacha News

Summary of Last Week

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

Statistical Measures

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  • Standard Deviation:


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.

Rates As the world of finance never ceases its restless churn, the MWK exchange rate has demonstrated a remarkable consistency throughout the second quarter of 2024. Regardless of fluctuating global economic sentiment and regional uncertainties, the MWK''s exchange rate has been a textbook case of stability. Analyzing the time-series data from early April to Mid May, MWK went back and forth between 0.00079 and 0.0008. At first glance, the insignificance of the change might be surprising. However, seasoned market watchers understand this as a sign of resilience in the face of adverse market conditions. At the start of this period, the MWK exchange rate was at 0.00079. For the first week, the rate maintained this position before marginally increasing to 0.0008 during mid-days. Nevertheless, by late April, the rate returned once again to its initial mark. It maintained this level until late April when it dipped briefly to 0.00078. Yet, by the start of May, the rate again returned to its usual range. This ostensible stability is indicative of several underlying factors. The economic context, both on a regional and international level, played a crucial role in the rate''s steadfastness. On one hand, the Malawian economy has maintained a robust composure, effectively balancing its imports and exports, and effectively managing inflation. These govern the demand and supply of the currency resulting in a stable exchange rate. Externally, despite the volatility in some global markets, international confidence in the Malawian economy appears unfettered. This stability, while reassuring to investors and traders, is not without its implications. It reflects not just Malawi’s economic resilience but also the potential for sustained growth and investment opportunities. Given the range-bound movement of MWK, currency strategists and forex traders might opt for range trading strategies, seeking profits from resistance and support levels. Looking ahead, the consistency in the MWK exchange rate provides a reliable backdrop against which other financial decisions can be made. However, prospective investors should monitor regional economic updates, international market trends, and upcoming economic policies that could impact the MWK stability. Incomparably, the financial world remains one fraught with unpredictability. Yet amidst the quagmire of market variations, the recent sturdiness of the MWK exchange rate serves as a reminder of the potential constancy amidst volatility. Whether this will hold true for the future remains to be seen, but the signs thus far are certainly encouraging.Persistent Stability Amidst Fluctuations in MWK Exchange Rates

Current Middle Market Exchange Rate

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