2024-05-14 Kwacha News
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2024-05-13
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
Analysis of the MWK Exchange Rate Data
The provided dataset consists of timestamped MWK exchange rate readings. These readings appear to be recorded every 5 minutes, except for occasional stretches where the interval surpasses this typical 5-minute frequency.
1. Trend analysis of the exchange rates
Looking at the given data, the exchange rates have remained remarkably stable throughout the provided timeframe. The rate has held at a consistent figure of 0.00079, suggesting that there have been no significant fluctuations in value during the period under consideration. Therefore, it cannot be said that there is a detectable increasing or decreasing trend in this data set.
2. Seasonality or recurring patterns
Given the steady nature of the exchange rate throughout the period, it’s challenging to identify any significant seasonal or cyclical patterns. In this type of situation, such patterns might be more clearly revealed through more detailed data or over a longer timeframe. However, with the data provided, no discernable seasonal or recurring patterns were detected.
3. Outliers
An outlier in a dataset is an observation that lies an abnormal distance from other values. In this context, it could be a reading where the exchange rate significantly rises or falls compared to the surrounding data points. However, for this provided dataset, as the exchange rate remained constant throughout the entire period, no outliers can be identified.
In summary, the provided data tells a story of remarkable stability in the MWK exchange rate over the timespan of the dataset. Without further information or broader context, predicting future behavior based heavily on this dataset alone might not yield fruitful insights.
Please note that external factors not considered in this analysis, such as market opening/closing hours, weekends/holidays, the release of key financial news and reports, could have potential impacts on the exchange rate and cause it to deviate from the observed pattern.
![Stability Reigns as MWK Exchange Rate Remains Unchanged](http://currencymart.net/images/news/kwacha/2024-05-14/img-XtVgFqjsK7274syRmjD8U2hs.webp)