2024-05-15 Kwacha News
2024-05-14
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
From the provided timestamped exchange rate dataset, the overall trend of the exchange rate seems to be stable throughout the period. The 'MWK' exchange rate is recorded at 0.00079 for most instances, making it difficult to identify a particular increasing or decreasing trend without other intervening factors like market behavior or economic events. A highly stable exchange rate such as this could indicate a balance between supply and demand for the currency.
Seasonality or Recurring Patterns
With regards to seasonality or recurring patterns, the dataset in its current condition does not provide sufficient evidence of such patterns. Since the 'MWK' exchange rate remains consistent throughout the data, we cannot extrapolate any specific hourly, daily, or monthly patterns or seasonality. Normally, we look further into specific hours of the day, days of the week, or months to find patterns but given that the 'MWK' value remains at 0.00079, no observable patterns can be identified.
Identification of Outliers
As per the given data, there is one instance of a minor change where the 'MWK' value decreases to 0.00078 from 0.00079. Although it could be considered as an outlier in this relatively stable data set, the minor change of 0.00001 is not very significant in the foreign exchange market and generally would not be considered an outlier in a more volatile data set.
It is important to remind that this analysis does not take into account other external factors such as market opening and closing hours, weekends or holidays, or the release of key financial news and reports per your instructions.
