2024-05-22 Zambian Kwacha News
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2024-05-21
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 understanding of the trend in exchange rates
From reviewing the dataset, it was observed that the exchange rate of ZMW was generally stable over the period. The rate fluctuates between 0.0527 and 0.0529, which is a very fluid, but narrow range. Although there are minute changes in the rates, it stays close to 0.0528 throughout the entire period. Despite these minor fluctuations, there is no noticeable increasing or decreasing trend in the overall data.
Seasonality or recurring patterns in exchange rates
In terms of seasonality or recurring patterns, the dataset does not show any regular or repetitive change in cyclical periods. The exchange rates remain gently oscillating within a certain boundary. However, due to the short-time interval (5 minutes) and a short span of data (one day), it's difficult to assert whether there would be some weekly, monthly, or annual seasonality.
Observation of outliers
Given the minute fluctuations in the exchange rate, it is difficult to identify any significant outliers within this dataset. The rate seems to follow a random walk and there doesn't appear to be any instances where the exchange rate differs significantly from what would be expected based on the trend. If any point seemed significantly different, further exploratory data analysis may be required to identify if this point is an outlier or an anomaly.
Please note that this analysis is purely based on the provided dataset and takes into account no external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news or reports, which can have a significant impact on the exchange rates.
![ZMW Remains Steady Despite Minor Fluctuations Over a 24 Hour Period](http://currencymart.net/images/news/zambian-kwacha/2024-05-22/img-78swEDBm7ARWr8XNPvMHvAGX.webp)