2024-05-08 Pula News

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 Exchange Rates

The overall trend of the exchange rate of BWP over the period presented in this dataset exhibits a rather stable pattern, with small incremental increases and decreases. Specifically, the data begins at a rate of 0.10079 and ends at a rate of 0.10088, indicating modest fluctuations over this period.

Seasonality or Recurring Patterns

In terms of seasonality or recurring patterns, there seems to be no clear pattern within every 24-hour window - every day. The values don't exhibit a significant or consistent rise or drop at certain hours of the day. However, given the relatively small range of the exchange rates and limited data points, a more detailed time series analysis with more data over a longer time frame might be required to identify any significant seasonal patterns.

Outliers in the Exchange Rates

  • There are a few instances where the exchange rate drops or increases slightly more than the usual rates, such as on 2024-05-07 06:25:02 where it drops to 0.10054 from the previous 0.10079, and on 2024-05-07 20:05:02 where it drops to 0.10078 from the previous 0.10096. However, these instances seem to correct themselves shortly after, moving back towards the average rate, and thus may be viewed as temporary market fluctuations rather than significant outliers.
  • Otherwise, the dataset does not seem to include any significant outliers or extreme values that could significantly distort the data analysis. This implies that the exchange rate, despite minor fluctuations, remained relatively stable over the given period.

Overall, this analysis offers a granular view of the exchange rate of BWP at various points in time. It indicates that while there were minimal fluctuations in the exchange rate, the general trend was one of stability with no significant outliers or seasonal patterns evident within the data.

ntinuous 24 Hours A recent review of time-series financial data reveals minute, yet notable fluctuations in the exchange rates of the Botswana Pula (BWP) in a continuous 24-hour timeframe in May 2024. The fluctuating rates were registred on a timestamped dataset spanning from midnight to midnight on the 7th of May, 2024. The Botswana Pula commenced the day at 0.10079, gradually dipping to touch a lower limit at 0.10046 by 08:10 am. However, this downward streak was not to last long, as the BWP then began an enduring uphill climb, reaching a peak of 0.10097 at around 1:40 pm. This uphill surge represented a recovery of nearly 0.00052 from the dawn slump. Soon after, the currency experienced a brief period of plateau and minor dips before closing the day at 0.10088. These findings are indicative of minor volatility in the BWP exchange rate, chiefly characterized by gradual shifts rather than abrupt leaps. The surprisingly resilient behaviour of the currency could be attributed to a complex mix of national economic indicators combined with international market movements and investor sentiment. The significance of these slight oscillations can''t be overlooked, essentially for those dealing with the Botswana Pula, such as foreign exchange traders, international businesses, and travelers. It''s also a signal to potential investors interested in the local Botswana economy or African markets more generally. Such modest volatility can be an open opportunity for Forex traders who rely on these small price oscillations to make profits. However, it also accentuates the accompanying risk factors involved. On the other hand, businesses dealing in import/export might have to revise their financial forecasts and strategies to account for potential currency fluctuation. The alternating highs and lows of the BWP, although minor, testify to the dynamism of this African currency and its capacity to recover from temporary downtrends. While Botswana has a relatively small economy, the Pula’s role as a medium of exchange for the Southern African Development Community (SADC) provides it with broader regional significance. Looking ahead, the intricate web of factors impacting currency movement necessitates a close eye on national and global economic indicators, such as GDP, inflation, and market sentiment. Further, investors, businesses, and traders need to harness the power of predictive analytics and financial modeling to ensure they stay ahead of the curve. Remaining informed about financial trends is the key to navigating the promising, yet occasionally turbulent, waters of the financial world.Slight Volatility in BWP Exchange Rates Observed Over Continuous 24 Hours

Current Middle Market Exchange Rate

For information purposes only.