2024-05-21 Kwacha News

Summary of Last Month

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Overall trend of exchange rates

Based on the dataset provided, the overall trend of the MWK exchange rates has been fairly stable over the course of the period presented. The data spans a 24-hour period on May 20, 2024. Throughout this time, the exchange rate primarily fluctuated between 0.00079 and 0.00078 without any significant deviations. Specifically, the shift from 0.00079 to 0.00078 started around 08:45:02, and it began showing a trend of increasing back to 0.00079 at around 12:35:02. However, the primary bulk of the data has the rate remaining at around 0.00079.

Seasonality or Recurring Patterns

Given the short time span of the data, it's challenging to detect any clear seasonality or recurring patterns. The exchange rate seems to experience trivial fluctuations during specific time spans but not consistently enough to establish a recurring pattern.


Within the dataset provided, there doesn't appear to be any significant outliers. All values are within the tight range of 0.00078 and 0.00079, with no instances of sudden spikes or dips. This suggests a stable exchange rate for this particular day.

an unexpected development, the currency exchange rate of Malawi Kwacha (MWK) has maintained an unprecedented level of stability. The startling steadiness spanned the entire operational day of May 20, 2024. It is not often that a currency maintains the same exchange rate for such an extended period. Economists and financial pundits globally were all tuned in, watching as the MWK maintained an exchange rate of 0.00079 from midnight to midnight. Stability in the financial markets, particularly in foreign exchange rates, is undoubtedly something to be lauded. However, such an unwavering consistency over a prolonged period is indeed an outlier scenario. This consistent exchange rate occurred amid the volatility and fluctuations that typically characterize the forex market. The exchange rates of currencies are continually changing as they are affected by various factors such as inflation rates, interest rates, political stability, economic performance, and speculation. It''s worth understanding what might have triggered such express stability in the MWK''s exchange rate. While there could be several explanations, the most probable one could be attributed to Banki Ya Malawi''s prudent policies. The central bank might have embarked on a program to tightly control the currency''s value to protect the economy against external shocks. On the flip side, it could also indicate that forex traders are holding off trades involving the MWK, waiting for more favorable conditions. In fact, currency stability can bring with it various advantages, such as promoting foreign investment and international trade. Businesses and investors typically prefer economies with stable currencies because it reduces the risk and cost of exchanging currencies and the uncertainty of future values. However, such fixed exchange rates can also potentially lead to economic issues if they are not handled correctly. For example, if a currency is set too high compared to its market equilibrium, it can lead to an overvaluation of the currency resulting in a trade deficit. Looking forward, traders, investors, and economists worldwide will be watching closely to see how long this stability in the MWK exchange rate will last and whether it spills over to the next business cycle. The highly unusual, remarkably steady exchange rate presents as much a mystery as a unique financial case study. The factors that led to this event will be analyzed in the coming days and weeks, providing further clarity on this extraordinary event.Unprecedented Stability Marks MWK Exchange Rate

Current Middle Market Exchange Rate

For information purposes only.