2024-05-09 Zambian Kwacha 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
1. Understanding the overall trend of the exchange rates
Upon examining the dataset for the ZMK exchange rates, it is evident that there is no clear presence of an uptrend, downtrend or a stable trend. This conclusion is reached because the exchange rate has consistently remained at a rate of 0.00015 throughout the timeline presented, from 2024-05-08 00:00:02 to 2024-05-08 23:55:02. Hence, the exchange rate for this timeframe appears to be perfectly stable.
2. Identifying Seasonality or Recurring Patterns
Given the nature of the dataset, in which the ZMK exchange rate remains consistently at 0.00015 with no fluctuations, it is challenging to discern any potential patterns of seasonality or recurring patterns. Seasonality and patterns would typically be observable through cyclical changes in the data, oscillating peaks and troughs, but in this instance, the exchange rate is static, suggesting an absence of any such pattern within the presented timeframe.
3. Noting any Outliers
The identification of outliers is generally feasible when there are variations within the data from which deviations or anomalies can be spotted. In the context of this dataset, with the ZMK exchange rate persistently at a level of 0.00015, it can be inferred that there are no observable outliers as all datapoints converge at the exact same value. Essentially, there is no instance where the exchange rate differs significantly from the given rate, therefore no outliers are present in this dataset.
![Persistent Stability Dominates ZMK Exchange Rates](http://currencymart.net/images/news/zambian-kwacha/2024-05-09/img-L6F2sEi4fj04ybBqvUmonk4D.webp)