2024-04-18 Zambian Kwacha News

Summary of Yesterday

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  • Difference of Opening & Closing:
  • Daily High:
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  • Difference of Daily High & Low:

Statistical Measures

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Trend

Based on the dataset provided, here's a comprehensive analysis:

Understanding the Overall Trend

Looking at the given dataset, the overall trend of the ZMW exchange rate seems to be stable with slight fluctuations over the period shown. The rate started at 0.05509 on 2024-04-17 00:00:02 and ended at 0.05457 on 2024-04-17 23:50:02. Thus, on overall, there is a very slight decrease in the exchange rate on this day.

Identifying Seasonality

In terms of the seasonality or recurring patterns, the data for one day is not sufficient to infer any seasonal pattern. Seasonality typically emerges over a longer period, such as weeks, months, or years. On the given day, there are no discernible seasonal patterns.

Noting Any Outliers

Based on the data provided, some potential outliers are observed. For instance, at 2024-04-17 06:20:02 there is a noteworthy drop in the exchange rate from 0.05504 to 0.05465. However, being outliers or not can only be confirmed by comparing with a larger dataset. If these "large" drops and rises are common in a broader range of data, they might not be considered outliers.

Overall, the ZMW exchange rate remains relatively stable throughout the day with slight fluctuations reflecting the inherent volatility of foreign exchange markets.

Please note that this analysis is solely based on the dataset provided and does not take into account any external market events or other factors. Additional data would aid in providing a more comprehensive and accurate analysis.

anning 24 Hours In an unexpected turn of events, the Zambian Kwacha (ZMW) experienced subtle fluctuations over a 24-hour period on April 17, 2024, according to recently revealed time-series financial data. Given the careful attention investors across the globe pay to currency exchange rate shifts, even minute changes elicit close observation and analysis. The ZMW exchange rate embarked on its day-long journey at 0.05509 at midnight on April 17, subsequently oscillating slightly throughout the day. A peak was evidenced at 0.05515 just after 1:00, before experience a slump to 0.05504 nearly an hour later. However, it was around 6:20 am that a significant shift was unveiled with the ZMW falling precipitously to 0.05465, showing the highest instability during that period. This marked the beginning of the currency’s downward trend, which continued for the majority of the day, connecting the time-series dots in an intriguing pattern. These microscopic fluctuations in value, while perhaps inconsequential in the short term, pose potentially significant consequences for international investors and businesses with a reliance on Zambian markets. Small shifts can equate to significant financial implications and alter the strategies of both multinational corporations and small-scale traders. Moving towards the evening, the Kwacha demonstrated a slight upward curve around 6:40 pm to 0.05464, sustaining that level up until 7:30 pm. This could be seen as a signal of increased market activity and overall economic resilience, despite the earlier fluctuations. Exchange rates are often used as economic temperature checks, reflecting a nation''s economic health. Such data attracts keen interest from international investors, as they can gauge potential return on investments in foreign markets. Even apparently minor shifts can signal economic trends or events that might otherwise fly under the radar. Consequently, the earlier downward trend could reflect specific developments within Zambia’s economic context or speak to global financial trends impacting currency values. Only further analysis, as well as vigilant observation of subsequent exchange rate shifts, will yield clarity on the potential implications of this day’s events. Looking ahead, investors and market analysts will likely keep a close watch on the Kwacha given its history of subtle fluctuations. While in the realm of currency exchange it''s futile to predict with certainty, being observant of these slight variations today could set the tone for more substantial shifts tomorrow. Moving forward, it will be essential to interpret the ZMW’s movements within the broader context to fully grasp its global financial bearing.ZMW Currency Exchange Rates Demonstrate Subtle Shifts Spanning 24 Hours

Current Middle Market Exchange Rate

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