2024-04-29 Zimbabwe Dollar News
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2024-04-28
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of Exchange Rates (ZWL)
After scrutinising and assessing the provided dataset which represents a time series of timestamped ZWL exchange rates, it was observed that the data comprises a recurrent stock market pattern with location-specific conversion rates. This dataset's thorough analysis will help optimise decision-making strategies, provide insights and extrapolate market trends.
1. Overall Trend of Exchange Rates
The exchange rates primarily illustrate a steady upward trend with subtle fluctuations from 0.00419 to 0.00429 over the given period, which demonstrates a gradual increase in the currency value. Although a recurring pattern isn't explicitly noticeable, the series trend implies it maintains similar values over extended intervals. Therefore, investors may view the currency as stable, leading to increased trust.
2. Seasonality and Recurring Patterns
Upon examining the time series data, it is apparent that the daily exchange rate maintains stability. However, a tighter observation reveals a slight displacement in values every 3-4 days. This displacement identifies as the plausible seasonality or recurring pattern in the data. The persistence of these repetitive patterns over specific intervals can help traders in their decision-making processes.
3. Outliers and Significant Observations
Throughout the dataset, no explicit outliers are visible, indicating a stable market movement. The exchange rate stays predominantly within the range of 0.00419 and 0.00429 irrespective of market oscillations. High and low record points remain negligibly different, signifying a stable market situation. However, these conditions do not imply the absence of any potential future outliers.
It's vital to mention that this analysis is purely based on the dataset provided and does not consider any irregular disruptions, external factors, or unforeseen circumstances that might affect the exchange rates such as market inflections, political stability, and economic events.
Conclusion
This detailed analysis gives an overview of the time-series data trends in exchange rates. Although this analysis does not offer an actionable prediction, it does provide an insightful perspective on the currency's potential behavior, contributing to an understanding of how the market works.
![ZWL Exchange Rate Surges Amid Market Volatility](http://currencymart.net/images/news/zimbabwe-dollar/2024-04-29/img-d8NlyvzYvzouEQBE5gJsaTIr.webp)