2024-05-21 Zambian Kwacha News
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2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend Analysis
The overall trend of the exchange rates appears to be relatively stable with minimal fluctuation throughout the given period of time. The rates started at 0.05347 at the beginning of the timeline and ended at 0.05277 towards the end of the data provided. Therefore, it can be interpreted that there was a slight decrease in the exchange rate over the period shown.
2. Seasonality Identification
In terms of seasonality or recurring patterns, a clear pattern or cycle isn't visibly evident within this data. The exchange rates seem to fluctuate slightly around a central value, but these fluctuations don't appear to follow a strict recurring pattern. However, more granular or longer-term data might reveal additional patterns that aren't evident in this dataset.
3. Outliers and Anomalies
Upon a close observation of the data, it was noted that there was a significant shift in the exchange rate at the timestamp '2024-05-20 06:20:02' where the rate decreased from 0.05353 to a significantly lower level of 0.05271. After this shift, the exchange rate remained at the new level but continued its slight fluctuations around this new mean. Therefore, the exchange rate at this time can be treated as an outlier, given that it differs notably from the data trends before and after this point.
In summary, while the exchange rates see small fluctuations throughout the day, they remain relatively stable overall. The dataset records a slight decrease in the exchange rate over the selected timeframe. A significant outlier was identified, where the exchange rate substantially dropped. No clear evidence was found indicating that the rate changes follow a consistent, recurring pattern.
![Stability Meets Volatility: Zambian Kwacha Shows Slight Fluctuations Amidst Consistency](http://currencymart.net/images/news/zambian-kwacha/2024-05-21/img-ru1Xw20PgpVS44ujx0sYjjzR.webp)