2024-05-09 Uganda Shilling News
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2024-05-08
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 Dataset
Based on the provided dataset, the analysis is as follows:
1. Understanding the Overall Trend of the Exchange Rates:
The dataset reveals an interesting pattern. The UGX exchange rate remains stable throughout the entire period shown. It reliably sits at 0.00036, which indicates a firm, steady value lacking any noticeable increase or decrease trend. Therefore, an assumption would be that during this period, the exchange market for UGX was in a state of equilibrium, with no significant shifts in supply and demand for the currency.
2. Identifying Seasonality:
Regarding seasonal patterns or regular recurrence in the exchange rate changes, the dataset shows no variation from the value 0.00036 in UGX exchange rates. The stability in the rates is unbroken and consistent, without displaying any periodic or seasonal fluctuations. Hence, from the given dataset, it can be deduced that the exchange rates for this currency pair do not exhibit any apparent seasonality within the given period.
3. Noting Any Outliers:
In the presented dataset, all UGX exchange rate values are a constant 0.00036, which means there are no noticeable outliers. An outlier would imply a deviation from the observed trend, and since the trend here is a constant, no such significative deviations are present. This lack of outliers aligns with the stated stable trend and the absence of seasonality, confirming the consistency within the UGX exchange rates during this period.
In conclusion, the provided data shows that UGX exchange rates remained stable and constant at a rate of 0.00036 throughout the given period. With no identifiable seasonal shifts, fluctuations or outliers. This suggests that the market for UGX was notably steady and balanced during this time.
![Steady Ugandan Shilling Performance Shocks Markets](http://currencymart.net/images/news/uganda-shilling/2024-05-09/img-bS4We9Ht7O2bK9Sx2O4k9wsA.webp)