2024-05-13 Mozambique Metical News
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2024-05-12
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.
![Stable Trends Observed in MZN Exchange Rates Throughout April 2024](http://currencymart.net/images/news/mozambique-metical/2024-05-13/img-IjgdXDVoY5uvvNQYjCr83NcY.webp)