ZMW Holds Strong Despite Global Forex Uncertainties
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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
Before we delve into the deep analysis, it should be noted that the given dataset provides the exchange rates of ZMW from the date 2024-05-08 00:00:02 to 2024-05-08 23:55:02. The data hence corresponds to the changes happening within a single day.
1. Understanding the overall trend of the exchange rates
The value of ZMW seems to maintain an overall stability during the day, with minimal fluctuations. It starts with a value of 0.05065, the highest value being 0.05067 around 02:55:03 and 03:25:01, and ends at a slightly decreased value of 0.0502. The biggest dip can be seen at 06:25:02 with a value of 0.05032, but it gradually rises again.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
As the data represents fluctuations within a single day, it's difficult to detect any seasonal trends. However, there seems to be slight intra-day cyclic fluctuation, with slight increases around the hours 00:15:02 to 03:30:02 and 19:05:03 to 23:50:02, and gradual decreases around 06:25:02 to 13:40:02 and 16:00:03 to 18:25:03. This suggests some sort of regular intra-day trading pattern in the exchange rates but would require a broader time frame to confirm or uncover a daily or annual seasonality.
3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
Given the relatively minimal changes in the values throughout the day, there aren't any significant outliers in the dataset. The dip seen at 06:25:02 where the value suddenly falls to 0.05032 from 0.05066 can be considered for more attention. However, without considering external factors, it's difficult to confirm this as a significant outlier.
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