2024-04-19 Mozambique Metical 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

1. Overall Trend

Looking at the dataset, the general trend over the period in question shows very slight fluctuation in the MZN exchange rate. Overall, the exchange rate stayed within a hair's breadth of 0.02166, with just a minor increase to 0.02175 and a minor decrease to 0.02164. We do not see a consistent upward or downward trend, but rather a relatively stable value with small fluctuations.

2. Seasonality and Recurring Patterns

Upon examination, there doesn't seem to be a clear seasonality or cyclic pattern in the given dataset. The data doesn't show a distinct recurring pattern; we can see that the exchange rate mainly fluctuates around the 0.02166 mark. Without more information, such as what time of year these data points are from, it's challenging to identify any seasonal trends.

3. Outliers and Significant Variations

In evaluating the data provided, there appear to be minor fluctuations in the exchange rate, but no significant outliers that would differ greatly from the average rate. A more in-depth analysis might reveal small short-term trends that are not immediately apparent in the data, but on a surface level, there seems to be a consistent and usual degree of variability in the MZN exchange rate without notable outliers.

t Economic Flux" In the financial world, consistency often rings a note of assurance - a promise of stability in the often unpredictable economic landscape. The Metical (MZN), Mozambique''s currency, seems to live up to this principle by presenting a remarkable display of steady persistence, as recent data on its exchange rates reveal. Between 00:10:02 and 23:55:02 on April 18, 2024, the MZN exchange rates saw little fluctuations. The changes were minimal, hovering between 0.02164 and 0.02175. This stable performance retained throughout the day signals a solid backbone in the nation''s economic standing. The MZN started the day on a steady note, with the exchange rate at 0.02166 at the onset of the day. It maintained a stable trajectory for the most part of the day, barring minor alterations. However, the second half of the day witnessed a modest climb. Seeing a surge to 0.02175 in the late hours of the day, the MZN maintained its upward trend briefly before leveling off again, closing the day at 0.02170. This is notable considering the recent global economic turbulence marked by trade tensions and pandemic-related uncertainty. The MZN''s sturdy performance makes a statement about Mozambique''s ability to uphold economic steadiness in dynamic global circumstances. The characteristic constancy of this currency rate may potentially be indicative of proactive and effective financial policies implemented by Mozambique''s central banking system. It could further suggest an environment conducive to foreign investments and international trade, factors which often heavily hinge on the reliability of a nation''s currency. Going forward, market participants and potential investors would be well advised to keep a close eye on this trend. If the Metical maintains its consistency, it could signify long-term economic stability for Mozambique. Nevertheless, it is crucial for investors to remain prudent. Even the most consistent of trends are not immune to sudden shifts due to factors like policy changes, international trading developments, or unexpected economic events. Endowed with rich natural resources, Mozambique has the potential to make significant strides in its economic journey. How well the MZN can maintain its diligent march amidst the challenging economic climate will be a major plot in this story worth looking out for. The financial tale of this Southern African nation continues to unfold, and we will be here to deliver the most comprehensive data analyses and narratives. Stay informed, stay ahead."MZN Exchange Rates Demonstrate Steady Persistence Amidst Economic Flux"

Current Middle Market Exchange Rate

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