2024-05-21 Tanzanian Shilling News
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2024-05-20
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 of the exchange rates
From the provided data, the pattern for the TZS exchange rate is notably stable. Most of the rate values hover consistently around 0.00052 for the better part of the day, from around 00:00:02 to approximately 06:40:02. However, towards the end of the timestamp at 06:45:02, the exchange rates start to slowly increase slightly, peaking at 0.00053. The rates then fluctuate a bit but mostly remain at 0.00053 until around 09:30:02 where it drops back to 0.00052 and maintains this stability with a few fluctuations to 0.00053. Overall, the exchange rate within the provided period tends to be more stable than volatile.
Seasonality or recurring patterns in exchange rates
Upon reviewing the data, no clear patterns or seasonality can be immediately apparent, probably due to the relatively short time-frame of the data - a single day. Notably, the data shows a few instances of minor fluctuations in the exchange rate happening around the same times in different hours of the day, which might point towards some minor but potentially recurrent pattern. More data extending over a prolonged period would be needed to establish any valid seasonality in the TZS exchange rate trends.
Outliers in the Exchange Rate
In this dataset, no significant outliers can be observed in the TZS exchange rate. The rate mainly fluctuates between 0.00052 and 0.00053, suggesting a relatively stable exchange rate. Any such small variation within this range is considered normal in currency exchange markets and not seen as an outlier. This could be due to the stability of the TZS currency during the day captured in the data or the protective measures implemented by the Tanzanian Central Bank to minimize currency volatility.
![Steady TZS Exchange Rate Ends with Slight Surge](http://currencymart.net/images/news/tanzanian-shilling/2024-05-21/img-TyDSZv3N4q13yZNSPwRE5K77.webp)