2024-05-14 Uganda Shilling News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
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
1. Understanding the Overall Trend of the Exchange Rates
Upon examination of the dataset, it becomes apparent that the UGX exchange rate, while experiencing minor fluctuations, remains squarely stable throughout the entire dataset. The UGX exchange rate is consistently valued at 0.00036 for every recorded timestamp. Therefore, it can be concluded that there is no discernible increase or decrease in the exchange rate for the period covered by the dataset.
2. Identifying Any Seasonality or Recurring Patterns
A search for seasonality or recurring patterns in the dataset returns an inconclusive result. The reason for this is the absolute steadiness of the UGX exchange rate. At all times, it remained at 0.00036 without discernible increases or decreases. This data consistency, makes it challenging if not impossible to ascertain any cyclical fluctuations or temporal patterns within the dataset.
3. Noting Any Outliers
In the provided dataset, there are no outliers. The UGX exchange rate is graphically horizontal, remaining constant at 0.00036 at every timestamp. Hence, no instances could be found where the exchange rate deviates significantly from this common value, making the entire dataset uniform without any points worth treating as outliers.
Disclaimer
This analysis is purely based on the dataset provided and does not take into account external influences such as market opening and closing times, holidays or weekends, and the release of key financial reports or news. Also, no forecast of future rates was taken into consideration for our findings.
Summary
In conclusion, the provided dataset reflects a UGX exchange rate that is perfectly stable at 0.00036, without any noticeable trends, seasonal patterns, or outliers over the time period observed. However, this analysis is performed in isolation of any external market factors or influences and no future forecasting was involved.
![Unprecedented Stability in UGX Exchange Rates Calms Market](http://currencymart.net/images/news/uganda-shilling/2024-05-14/img-ArjhriYlZlcSoUGyIJQqilrv.webp)