Stability Reigns Supreme as MWK Exchange Rate Holds Steady
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2024-05-16
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
Looking at the provided data over the given period, the exchange rate of the currency (MWK) is seen to largely remain stable. It consistently stays around the value of 0.00079, with minor fluctuations.
Seasonality or Recurring Patterns
Considering the timeframe given for the data, no clear seasonality or recurring patterns can be observed due to the steady exchange rate of 0.00079 throughout the entire period.
Outliers
In terms of outliers, there is only one instance observed where the exchange rate appears to deviate from its usual stability. This is witnessed at the timestamp "2024-05-16 20:05:03", where the exchange rate briefly dips to 0.00078 before returning to its normal rate of 0.00079. This minor deviation can be considered as an outlier within this dataset.
However, given the stability of the exchange rate overall, this single outlier may not significantly impact the general observation made that the value of MWK is stable over the given period.
Key Financial News and Events
As per your instructions, we did not take into account any specific external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Therefore, no additional insights have been gathered regarding the impact of such events on the observed exchange rate.
Please note that this is a basic analysis of the provided data. For a more detailed and accurate understanding of the currency’s behavior, a more complex analysis could be conducted utilizing additional relevant data including market conditions, economic indicators, and more detailed historical data. This could potentially reveal subtler trends or cyclical patterns that aren't immediately apparent from this limited dataset.![Stability Reigns Supreme as MWK Exchange Rate Holds Steady](http://currencymart.net/images/news/kwacha/2024-05-17/img-jadO8kcGnhDJ6sUJVuG9yIaf.webp)