2024-05-10 Zambian Kwacha News
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2024-05-09
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 the Exchange Rates
The exchange rate of ZMW, represented in the provided dataset, seems to have a steady behavior. From 2024-05-09 00:00:02 to 2024-05-09 01:45:02, there's a gradual increase from 0.05021 to 0.05025. After this peak, the values oscillate within this range and decrease slightly to 0.05013 at 2024-05-09 06:55:02. From here, the pattern and the range of oscillation go down slightly and it keeps decreasing until it reaches 0.04993 at 2024-05-09 17:15:03. After a brief period of stability, there is an upsurge and the values rise to 0.05021 at 2024-05-09 21:20:02, which stays consistent until the end of the given dataset. Generally, the values range between 0.04993 – 0.05025 with no significant increase or decrease.
Identification of Seasonality or Recurring Patterns
Regarding the seasonality or recurring patterns, the dataset does not provide enough temporal variety (only one day) to make a year-round, weekly or daily seasonality assessment. The given dataset does not seem to have a clear recurring pattern. Exchange rate data usually doesn't display simple patterns due to its dependence on a variety of complex, often unpredictable economic factors.
Noting Any Outliers
From the given dataset, there doesn't seem to be any significant outliers; the exchange rates move within a narrow range without indicating any drastic jumps or drops.
The analysis of provided data shows a general stability in the exchange rate with some volatility throughout the day but within a controlled range. These fluctuations can be expected in the foreign exchange market due to various market forces. Therefore, without incorporating external events or data about market opening/closing hours, weekends/holidays, or financial news and reports into the analysis, strong conclusions about the reasons behind these fluctuations cannot be made.
![ZMW Exchange Rate Experience Slight Volatility Amidst Stability](http://currencymart.net/images/news/zambian-kwacha/2024-05-10/img-5Zf7Y60VNFV3pTsLWBcd47iK.webp)