2024-04-23 Mozambique Metical 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:

Trend

Overall Trend of Exchange Rates

The dataset presented appears to depict a relatively stable exchange rate over the given period. Specifically, the rate appears to oscillate between 0.02156 and 0.02165. There doesn't seem to be a clear increasing or decreasing trend in the data. Rather, the exchange rate oscillates within a very narrow range, indicating a potentially stable financial period.

Seasonality or Recurring Patterns

In this time series data, there does not appear to be a clear seasonality or recurrent pattern in the exchange rates. The fluctuating values seem relatively random and do not show a clear-patterned fluctuation that would suggest a seasonal shift or recurring trend. It is important to note that to accurately identify the presence of seasonality, a more extended time series data may be required.

Outliers

Based on the figures provided, there does not seem to be any significant outliers in this dataset. This is because the data appears to be relatively stable, oscillating within a small range around 0.0216 mark. Nonetheless, an in-depth statistical analysis can provide a better understanding of the distribution of these exchange rates and reveal insights about potential outliers in more subtle ways.

Note

Given the data and constraints, our analysis is limited to the descriptive analysis of this time series data. It doesn't include predictions or the consideration of potential external factors that may influence exchange rates, such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports.

a period of seemingly stagnant financial atmosphere, an interestingly minimal fluctuation has been observed in the exchange rate of the Mozambican Metical (MZN). As recorded by the comprehensive time-series data capturing the different timestamps on April 22, 2024, it is apparent that the MZN demonstrated a tight trading range, thereby illuminating the currency''s stability during this period. Throughout the day, the MZN exchange rate saw nominal changes, fluctuating only between 0.02156 and 0.02165, an insignificant difference of merely 0.00009. This lack of substantial change in the currency value indicates a period of economic steadiness and could be a reflection of a stable domestic and possibly international financial climate during the observed timeframe. This unusually low volatility in the MZN exchange rate might suggest that the currency is not significantly affected by market shocks or changes in investor sentiment. Essentially, it can potentially signal investor confidence and can be an indication of a healthier and more predictable economic environment, all of which is ideal for promoting economic development and infrastructural growth. However, while stability in a currency value can often be a positive sign indicating a healthy economy, it can sometimes also point to less favorable scenarios. For instance, extremely low volatility may indicate that there is minimal trading activity, which could signify a lack of investor interest or confidence in the potential for profitable investment opportunities. But given the level of stability observed here, it is improbable for this scenario to be the case. While the gathered data presents a snapshot of a day''s trading, it would be rash to form long-term economic advisories based on it alone. But these consistent observations do underline the importance of maintaining a close monitor on the MZN''s performance. Understanding how exchange rates respond to different market conditions can be a valuable tool in economic forecasting, effective policymaking, and productive investment planning. Looking ahead, the prospect of maintaining stability and avoiding significant economic turbulence will be the primary focus of financial institutions and market players. Investors, economists, and market capitalization strategists should also keep an eye out for significant shifts or trends in the exchange rate data in the future. In this dynamic market environment, it''s crucial to stay informed and prepared for whatever may be around the corner.Minimal Movement in MZN Exchange Rates Observed

Current Middle Market Exchange Rate

For information purposes only.