2024-05-13 Mozambique Metical 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. Overall Trend of Exchange Rates

After thoroughly examining the provided timestamped data for MZN exchange rates, a slight upward trend in the values is observed overall. This suggests that the exchange rate of MZN has generally increased during this period. Although the variations in exchange rates over the period are minor, the overall shift is towards the higher side. This increments are usually fractional but aggregate to a noticeable amount when the lengthy timeline is considered.

2. Seasonality and Recurring Patterns

Regarding seasonality and recurring patterns, the dataset does not clearly show any distinct periods of sizeable rate increase or decrease on a day-to-day analysis. However, it's also important to note that the data is time-specific rather than strictly date-specific, which could influence observable patterns. Given these factors, it looks like there's some minor fluctuation in exchange rates, but without a consistent pattern of peaks or troughs, making hard to infer any strong seasonality from the data.

3. Outliers in Exchange Rates

After a comprehensive examination of the data, no significant outliers in the exchange rates were detected. The rates appear to fluctuate slightly around the average, although there are a few instances of marginally higher or lower rates; these instances don't deviate drastically from the overall range of rates. This suggests that the exchange rate is relatively stable over the given period, without any substantial unexplained spikes or drops which could signpost market anomalies or unexpected incidents.

4. Other Factors

The comprehensive analysis above is based on the dataset provided, which includes only timestamped changes in MZN exchange rates. It does not consider external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. It is, however, worth considering that these factors might impact the observed exchange rates and could potentially explain some of the fluctuations in rates. Further analysis with additional data would be required to explore these potential influences.

Conclusion

In summary, from the giving dataset, the MZN exchange rate has experienced a slight upward trend over the period but has shown no strong evidence of seasonality or recurring patterns. The rates have remained relatively stable, with no significant outliers observed. Further data incorporating external influencing factors could provide deeper insights into these exchange rate trends.

April 2024 In a consistent performance throughout April 2024, the MZN exchange rate showed impressively stable trends, according to the latest time-series data. Leveraging the historical figures, Market experts are now predicting that the stability in MZN exchange rates could potentially be a window to more predictable financial transactions and robust financial planning. Beginning from April 12, the MZN exchange rate started at 0.02161, with few fluctuations of significance until the end of the month. The rates peaked at 0.02178 on April 16 and feared their floor at 0.0215 on multiple occasions leading up to April 26. The persistence of these marginal fluctuations in exchange rates over time is an encouraging sign of the currency’s potential resilience and stability. In the turbulent world of modern finance, stability in exchange rates is a rarity, mainly when observed over an extended period like a month. Economic analysts suggest that this constant rate could serve to boost investor confidence in Mozambican financial markets and the broader economy. Currency rate stability is a vital indication of a country''s economic health. It demonstrates predictability, which can enhance investor confidence and stimulate economic growth by attracting more foreign investment. The factors influencing the MZN''s consistent exchange rate performance are numerous and interconnected. Among them are strong economy governance, stable political environment, and sound fiscal policies that may have provided the perfect soil for these stable rates. Reporting on and analyzing exchange rate movements are crucial to understanding a currency''s performance within the global financial landscape. They reflect not just the health of an individual nation''s economy, but also how the global economy perceives that health. The MZN''s stable rates suggest a favorable outlook on Mozambique''s economic prospects from the international markets. However, exchange rates are sensitive to myriad factors, both domestically and globally. Economic indicators, international trade relations, inflation, and political stability are factors that can affect the perceived value of currency. Looking ahead, if the MZN continues to maintain its rate stability, it will be interesting to track any resultant impact on Mozambique''s economy. Can this stability in exchange rates usher in a new era of sturdy investments and prosperous growth? Only time will tell. It will be crucial for investors and market watchers to keep their eyes peeled for the next financial forecast and data release. This continued observation should provide a much clearer view of where the MZN – and by extension, Mozambique''s economy – stands within the larger, global economic landscape.Stable Trends Observed in MZN Exchange Rates Throughout April 2024

Current Middle Market Exchange Rate

For information purposes only.