2024-05-17 Mozambique Metical News
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2024-05-16
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
Upon analyzing the data, it is observed that the exchange rate for MZN remains largely stable throughout the period shown. The values fluctuate in a very tight range between approximately 0.02143 and 0.02149. The minute variability shows no conspicuous indication of a steady increase or decrease during the time frame presented. It suggests that during this timeframe, the exchange rate was quite stable without any major fluctuations.
Seasonality or Recurring Patterns
Moreover, it can be noticed that there is no clear seasonality or reoccurring pattern in the provided dataset. The changes in the exchange rate don't appear to follow a weekly, monthly, or any other predictable recurring pattern. The fluctuations are more of sporadic nature, which could be influenced by various macroeconomic variables. However, the dataset does not furnish information about any external factors, hence correlating these fluctuations with specific events is out of the question.
Outliers in the Data
The given dataset shows no significant outliers. As mentioned, the exchange rate fluctuates within a narrowly confined range. There are no extreme rates nor sudden spikes or falls that would classify as outliers or abnormal activities. Every entry seems to fall within the normal expectation based on the general trend.
Conclusion
Overall, the exchange rate observed from the provided dataset has been fairly stable. There is no concrete evidence of any consistent pattern or outliers that might be of particular interest for future projections or investment strategy. However, this observation should be amalgamated with additional information on financial indicators and macroeconomic factors for a more comprehensive and accurate analysis.
![Consistent MZN Exchange Rate Maintains Economic Predictability](http://currencymart.net/images/news/mozambique-metical/2024-05-17/img-SNynsqk3C6AuKVF02EB1OzCh.webp)