2024-05-14 Tanzanian Shilling News
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2024-05-13
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend
Based on the data provided, it can be seen that the exchange rate for TZS has been remarkably steady throughout the period of time that has been analysed. The rate stood uniformly at 0.00053 for all recorded timestamps. This indicates a highly stable exchange rate with neither a clear increase nor decrease observable within this specific time frame.
Seasonality and Recurring Patterns
With respect to detecting seasonal trends or patterns, the dataset shows no discernible seasonality as the exchange rate is constant over the entire period. Consequently, it is not possible to point out any recurring patterns. A steady exchange rate such as this could be indicative of a highly controlled economy where the central banking system maintains a fixed exchange rate.
Outliers in the Data
Given the TZS exchange rate remains constant throughout the period, it is not possible to identify any outliers. The exchange rate has remained at 0.00053 without any variations. Therefore, we can conclude that during this period, the data does not contain any unexpected spikes or significant deviations from the norm.
General Observation
It must be noted that such a stable exchange rate is rather unusual for market-driven exchange rates which are most often influenced by a variety of factors such as inflation, interest rates, political stability, and economic performance among others. This kind of stability might suggest a fixed exchange rate system or a heavily regulated financial environment during the observed period.
However, this analysis is strictly based on the dataset provided and does not take into account external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Thus, while it provides a numerical analysis of the dataset, a comprehensive understanding of the factors driving this stability would require further investigation and data from a broader range of sources.
![Unfazed TZS Exchange Rates Exhibit Consistent Performance](http://currencymart.net/images/news/tanzanian-shilling/2024-05-14/img-SSJDTOYQUQvGaPPQFTb0r4I8.webp)