2024-05-22 Kwacha News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis
The dataset provided is divided into two columns: timestamp and mwk. The timestamp represents the date and time of each exchange rate recorded, and mwk signifies the corresponding exchange rate value. From the data provided, the following insights are found:
Understanding the overall trend of the exchange rates
Looking at the data provided, the exchange rate (MWK) has remained consistent at 0.00079 throughout the period captured. There is no visible increase, decrease, or instability in the exchange rates. This suggests a very stable exchange rate for the given period.
Identifying any seasonality or recurring patterns
Considering the dataset, there are no discernible seasonal or recurring patterns in the changes of exchange rates. This is due to the fact that throughout the entire timeframe, the exchange rate has remained constant. It is atypical for an exchange rate to remain so steady over a period of time without any fluctuation.
Noting any outliers
From the dataset, no outliers can be identified since the exchange rate (MWK) remained consistent with no fluctuations. This observation is quite unusual, as exchange rate data typically fluctuates due to a variety of factors including economic indicators, geopolitical events, and changes in market sentiment.
In conclusion, the analysis of the given dataset reveals a constant exchange rate throughout the time period provided with no evidence of seasonal patterns or outliers. This raises questions about the factors influencing this stability and whether such a pattern will continue in the future.
![Unwavering Stability Observed in MWK Exchange Rates For a Day](http://currencymart.net/images/news/kwacha/2024-05-22/img-MFRqk43I4cEbkdXF9Pyjn3vi.webp)