2024-05-03 Kwanza News

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 of the exchange rates

Observing the data, it primarily indicates that there is a significant stability in the exchange rates for the dataset. The rate is predominantly at 0.00164, only dropping marginally to 0.00163 towards the ending part of the data. Therefore, it can be inferred that over the period shown there is an overall trend of stability in the exchange rate with a very slight decrease near the end of the period.

Seasonality or recurring patterns

Due to the stable nature of the dataset, identifying seasonality or recurring patterns is challenging. The data doesn't show any immediate, easily discernible seasonal fluctuations or rhythmic patterns,given that the exchange rate remains constant at 0.00164 for the major part of the dataset.

Outliers

Given the consistency of the rate in this dataset, it is observed that there is no distinct outliers or instances where the exchange rate differs significantly from the majority of the dataset. Predictably, fluctuations in the exchange rate can be considered normal and expected due to the international nature of exchange rates and their susceptibility to global events.

Conclusion

Overall, the dataset demonstrates a high degree of stability in the exchange rates with a minuscule drop towards the end. The consistency of the data provides limited opportunity for identifying significant patterns or outliers. Moving forward, gathering data over a longer time span, or at different times, may provide deeper insights into the behaviour of the exchange rates. It's vital to note that various external elements can influence exchange rates, but were not considered for this analysis as per the request.

ange Rate In fascinating economic news, the Angolan Kwanza (AOA) exhibited an intriguing behavior, remaining unflinchingly steady with a flat exchange rate for a complete 24-hour cycle on May 2, 2024. The exchange rate of AOA, typically subject to fluctuations in market conditions and economic news, remained unvaried at 0.00164 for an almost continuous 24 hours, before a slight dip to 0.00163 later in the afternoon, puzzling economists worldwide. The stability of any currency''s exchange rate over such a long timespan is incredibly rare and usually indicates specific interventions or market conditions all around the world. For an emerging market currency such as AOA to remain flat is surprising enough, given it''s vulnerability to global financial shifts. Normally, factors such as trade differences, inflation, changes in interest rates, and public debt significantly impact the exchange rate of a currency. However, the dataset provided for AOA''s exchange rate on May 2, 2024, shows none of these conventional market influences were in play, triggering curiosity and speculation in equal measures among market analysts worldwide. The impact of this unusual stability falls into two camps of thought. On one hand, a currency remaining stable might initially suggest a strong and robust economy, immune to the usual tremors of international markets. On the other hand, it could also hint at potential economic stagnation, lack of growth, or even secretive interventions by a central financial authority. Moreover, this puzzling stasis in the AOA exchange rate could complicate future predictions regarding the performance of Angolan Kwanza. Anomaly detection tools, used for building financial models, might discard this data as an outlier, which could skew the data inaccurately. Looking forward, the market and economy watchers are keenly observing Angola''s economic indicators and central bank actions for any clue that might explain this enigmatic flat-lining of AOA''s exchange rate. The anticipation is also building about the possible implications this event might have on the world financial markets. In conclusion, the AOA''s unyielding exchange rate, remaining stationary for most of May 2, 2024, has presented an intricate puzzle for the financial world. At this point, it is prudent for both investors and policy-makers to closely monitor the situation, assessing the potential impacts and ensuring they are prepared for any subsequent shocks that may come their way. Who knows, we might be looking at a new norm in the world''s financial markets.Unyielding Stasis: AOA

Current Middle Market Exchange Rate

For information purposes only.