2024-05-22 Uganda Shilling News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of Exchange Rates
Upon analyzing the data provided, it is clear that the exchange rate of UGX has remained constant throughout the timeframe given. The rate stands steady at 0.00036, without any fluctuations or distinct deviations. This suggests a stable market condition for the currency without any evident inflation or deflation.
Seasonality or Recurring Patterns
In terms of seasonality or recurring patterns, given that the exchange rate has remained constant throughout various time periods, there is no discernible pattern or cycle associated with the changes in exchange rates. The lack of movement in the exchange rate across different time periods suggests that there are no regular intervals or trends where the rates consistently rise or fall.
Outliers and Significant Deviations
The exchange rates data for UGX does not present any outliers or significant deviations. Consistent with the observed trend, all data points align perfectly with the constant value of 0.00036. Therefore, there were no instances in the given time series data where the exchange rate was far enough from the mean exchange rate to be considered an outlier.
Please note, this analysis is based on the provided dataset and limitations. Any external market dynamics, events, economic indicators, or other relevant factors outside the provided data were not taken into account for this analysis.
![Steady Hold in UGX Exchange Rate Sustains Throughout the Day](http://currencymart.net/images/news/uganda-shilling/2024-05-22/img-YhVV97J5R6PDMNis9B0k7zDs.webp)