2024-05-09 Mozambique Metical News
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2024-05-08
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
The overall trend of the MZN exchange rate during the given time period appears to be relatively stable, with minimal fluctuations. The exchange rate ranged from 0.0216 to 0.02167 throughout the dataset. There are very slight increases and decreases, implying a stable market for MZN during this specific timeframe.
Seasonality or Recurring Patterns
Given the interval of the data (every 5 minutes within a single day), it's challenging to identify any seasonality or recurring patterns in the MZN exchange rate. Typically, seasonality might be observed over longer periods, such as months or years. That being said, the stability of the MZN rate throughout this 24-hour period suggests that this particular day may not have experienced any significant market events.
Outliers or Significant Divergences
There are no significant outliers in the data for the inspected period. The exchange rate seems to be consistent and didn't take on any sudden or extreme values, diverging from the general trend. This could point out the absence of any surprising events in the market on this specific day that would greatly impact the fluctuation of the MZN rate.
In conclusion, based on the given dataset, the MZN exchange rate demonstrated an overall stability with minimal fluctuations and void of any significant outliers or anomalies. However, for a more comprehensive analysis, a larger dataset spanning a longer timeframe would be more ideal as it would allow for broader trends, seasonal effects, and outlier effects to be identified.
![Stability Looms as MZN Exchange Rates Exhibit Consistent Performance](http://currencymart.net/images/news/mozambique-metical/2024-05-09/img-Itm8YoN4DJ7QHbOLzo5sVZwv.webp)