2024-05-06 Tanzanian Shilling 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

Overall trend of the exchange rates

Based on the dataset provided, the exchange rates for TZS (Tanzanian Shilling) have been relatively stable throughout the period shown. The value has consistently remained at 0.00053, with a minor increase to 0.00054 on two instances: 2024-04-15 22:00:02 and 2024-04-17 02:00:02. However, these increases were not sustained and the exchange rate quickly returned to its consistent rate of 0.00053.

Seasonality or recurring patterns

After analyzing the data, it appears that there is no noticeable seasonality or recurring patterns in the exchange rates for TZS. The values remain consistent almost every day at every timestamp, and the minor fluctuation that has occurred does not appear to follow any discernible pattern.

Identifying any outliers

The data provided contains minimal outliers. As noted earlier, there were two instances where the exchange rate increased to 0.00054 from the usual 0.00053. These instances could be considered outliers as they deviate from the regular price. However, they are not significantly different from the common rate and did not persist for a long duration, indicating that these may have been caused by minor short-term fluctuations in the currency market.

Impact of External Factors

The data does not present any variations that would suggest external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports impacting the exchange rates. However, it is worth noting that without information on such events in the dataset, a comprehensive analysis on the impact of these factors cannot be performed.

Conclusion

Overall, the TZS exchange rate appears to be stable, displaying no noticeable patterns, seasonality, or significant outliers. While various external factors can influence exchange rates, their impact is not discernible from the given dataset.

Exchange Rate In an unusual display of stability, the exchange rate of the Tanzanian shilling (TZS) has shown no sign of fluctuation for a consistent period of a month. This extended stretch of consistency in the financial market is an unusual circumstance and worthy of attention. Starting from April 5, 2024, until May 3, 2024, the TZS exchange rate has remained steadily unmoved at 0.00053. This level of stability is an uncommon occurrence in the constantly shifting structure of financial markets, especially in terms of currency exchange rates which can be influenced by a variety of factors including economic indicators, geopolitical events, and market sentiment among others. The TZS’s resolute steadiness over the celebratory Easter period and leading well into May break waters on historical data. While such prolonged stability could signal a robust economic framework in place, the seemingly perpetually still exchange rate has piqued interest among financial enthusiasts and experts globally, prompting them to delve deeper to understand the causes and implications of this extraordinary financial event. The underlying cause behind this unmoved rate could be attributed to various factors. It might be a result of prevailing economic conditions, central bank interventions, low inflation rate, or perhaps an exceptional balance in the country''s foreign trade. However, the definitive reason remains uncovered and offers a rich research area for market analysts and economic experts. Despite the result of a steady monetary policy or formidable economic conditions, this stability over an unexpected span raises questions about the future of Tanzanian Shilling and Tanzania''s economy as a whole. It leaves investors wondering if this equilibrium is sustainable and if so, how it might impact the national and global marketplace. Given the absence of relative information, the impact of this unusual steadiness on Tanzania''s economy is tough to predict. The lack of fluctuation might indicate confidence in the economic policy and could encourage foreign investment, yet it also represents a lack of reactivity to ambiguous market dynamics which might stir concerns among more experienced investors. This situation calls on market modeling experts to predict the possible long-term effects of such stability on the economy. Investors and economists across the globe will now keenly watch Tanzania''s economic indicators, central bank''s responses, and national budget among other things to comprehend the factors that have wedged the TZS rate in a tight spot and to predict how long such an episode is expected to last. The conclusion is as captivating as the story itself – while current events show unprecedented stability in the exchange rate of the Tanzanian shilling, the ultimate interpretations of this occurrence and its potential impact on domestic and international markets are yet to be determined. In the coming weeks, traders, economists, and financial experts around the globe will undoubtedly have their eyes firmly fixed on developments in Tanzania. Will the TZS continue to maintain this rare equilibrium or will we soon witness an exchange rate adjustment? Only time will tell.Unprecedented Stability Marks A Month-long Count of TZS Exchange Rate

Current Middle Market Exchange Rate

For information purposes only.