2024-05-15 Tanzanian Shilling News
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2024-05-14
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of the TZS Exchange Rate Dataset
Based on the provided dataset, it appears that the exchange rate of TZS was constant over the observed period. The rate remained at a steady 0.00053, with no fluctuations or significant changes evident in the dataset.
1. Understanding the Overall Trend of the Exchange Rates
The overall trend of the TZS exchange rate during the period was stable. The rate remained constant at 0.00053 for the entire duration recorded in the dataset. This could suggest several things: the currency market for TZS could be extremely steady, the currency could be fixed or pegged to a certain rate, or the dataset could lack variability due to other external factors not recorded.
2. Identifying Any Seasonality or Recurring Patterns
In terms of seasonality or recurring patterns, since the exchange rate remained the same at all times, no noticeable patterns can be discerned from the dataset. This suggests that within the timeframe provided, the TZS exchange rate was not subject to any seasonal influences or oscillating trends.
3. Noting Any Outliers or Instances
As for outliers, given the uniformity of the data, no instances appear where the exchange rate significantly deviates from the constant value of 0.00053. This further emphasizes the stability of the TZS exchange rate during this specific period.
Based on the dataset provided, it would seem that the TZS exchange rate is either remarkably stable or is possibly managed through foreign exchange controls to maintain a fixed rate. However, an examination of external factors could provide further context and understanding to these observations.
![An Unwavering TZS Exchange Rate Stream - Implications & Market Outlook](http://currencymart.net/images/news/tanzanian-shilling/2024-05-15/img-lVizm31DTHxsf586O9gO9CDP.webp)