2024-04-22 Kwanza News

Summary of Last Week

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

1. Understanding The Overall Trend Of The exchange rates

Based on the provided time-series data of exchange rates (AOA), it appears that the exchange rate values generally stay stable across the period, fluctuating slightly between 0.00161 and 0.00166. There is no significant overall trend of consistent increase or decrease in the rates over the given period.

2. Identifying Seasonality or Recurring Patterns

In terms of seasonality or recurring patterns, given the limited variability in the data, it is challenging to identify any clear seasonal patterns from this text-based dataset. A more visual analytical approach such as plot graph might offer clearer insights regarding any recurring patterns in this data.

3. Noting Outliers or Unexpected Instances

Considering the narrow range of values and the absence of pronounced fluctuations, it is difficult to identify any clear outliers within the dataset. The exchange rate varies minimally around the common values and no instances of dramatically high or low rates can be reasonably termed as outliers.

Please note that this analysis is based solely on the numerical data provided and does not consider any potential contextual factors such as news events, market conditions, or economic reports.

eek Period The exchange rate of the Angolan Kwanza (AOA), has exhibited notable, albeit subtle, fluctuations during the three-week period from late March to mid-April 2024. On March 22nd, the AOA was valued at 0.00163. While remaining largely stable for several days, there was a slight decrease to 0.00162 observed on March 25th. Despite these fluctuations, the rate oscillated primarily between the aforementioned values throughout the rest of March and the beginning of April. However, the pattern started to change from April 10th when the AOA experienced gradual increments, reaching 0.00165 on April 12th. This slight upsurge marks an important increase from the value of the AOA at the beginning of the observed period. This observed behavior in the financial market is an indication of slight strengthening of the Angolan Kwanza against the currency it''s exchanged against. Given that the value of a country''s currency is a vital component of its economic health, these changes could signal altered economic activity or changes in market perception towards the Angolan economy. While the variation might seem insignificant at first glance, it''s important to consider the potential knock-on effects these changes could have, especially for businesses engaged in international trade where exchange rate movements greatly impact costs and profits. However, the slight increase in the AOA''s value over the past few weeks doesn''t conclusively point to a trend. Exchange rates are impacted by numerous factors, including inflation rates, interest rates, political stability, performance of other currencies, and market speculation. Therefore, while the increase could indicate a strengthening economy, it could also be a temporary surge influenced by any number of contributing factors. It''s important to maintain a watchful eye on these developments, considering the burgeoning role of Angola''s economy on the global stage. The country''s economic reforms and investment in infrastructure projects could be contributing to the positive sentiments around its currency. Looking ahead, experts urge investors to keep an eye on the central bank''s monetary policies and further economic indicators of the country. Even a minor shift like this in exchange rates could impact currency pair trading, import and export prices, and investment decisions. In conclusion, while subtle, the steady increase in the AOA observed over this three-week period could be significant. However, only future trends and continued market analysis can conclusively prove whether this shift will continue forward or herald larger macroeconomic shifts on the horizon.AOA Exchange Rate Displays Subtle Increment Over Three Week Period

Current Middle Market Exchange Rate

For information purposes only.