Unpredictable Moves in ZMW Exchange Rates Sparks Market Interest
2024-04-18
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the overall trend of the exchange rates
After analyzing the provided time-series data of the ZMW exchange rate, it appears that the rate has been largely stable over the given period, hovering around a value of 0.0538 ZMW. There are no significant upward or downward trends noticeable in the data set. However, around the timestamp of 2024-04-18 06:20:02, there is a noticeable drop from 0.05457 to 0.05379, which then continues to fluctuate in a range around 0.0538.
Identifying any seasonality or recurring patterns in the changes of exchange rates
Upon visual inspection of the data set, there does not appear to be any clear seasonality or recurring patterns in the ZMW exchange rate. The fluctuations in the rate seem random rather than patterned, suggesting that the data does not have a seasonal component. Notably, there are no repeated spikes or troughs that would imply a pattern over a set period.
Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
By assessing the fluctuations in the ZMW exchange rate, a significant drop can be seen around the timestamp of 2024-04-18 06:20:02, where the value drops from 0.05457 to 0.05379. Apart from this instance, the rest of the exchange rate values do not appear to deviate significantly from the average, and as such, there are no other clear outliers in this data set.
Please note again that this interpretation is based purely on the numeric data provided and does not take into account any specific contextual events or market factors. Future predictions are also not provided as per the request. The results would be more accurate and meaningful if they were analyzed in conjunction with other external factors impacting ZMW exchange rate.