2024-04-30 Zimbabwe Dollar News
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2024-04-29
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
Understanding the Overall Trend
Based on the dataset provided, the overall trend of the exchange rates seems to remain stable over the given time period. The rates remain largely constant throughout the day, maintaining a value of 0.00424 for the most part. There was a momentary increase at 9 AM, 7 PM, and 9 PM where the rate slightly increases to 0.00425, but drops back to 0.00424 shortly after.
Identifying Recurring Patterns
In terms of recurring patterns, the data doesn't seem to show any clear seasonality. However, based on the occasional spike in the exchange rate at the hours of 9 AM, 7 PM, and 9 PM. It could be inferred that more trading activity might be happening at these times, which could cause a slight fluctuation in the rate. The increase in the exchange rate at these periods is a pattern that, albeit not very strong, seems to repeat.
Noting Outliers
The dataset appears to be quite consistent and no significant outliers are observed. The slight variations in the exchange rate from 0.00424 to 0.00425 might be seen as outliers within this very stable data series. However, given the small scale of this variation, it's not quite correct to label them as significant outliers. The exchange rate data shows a high degree of stability with only minor fluctuations.
Conclusion
Overall, the exchange rates are mostly stable with minor fluctuations that point to possible increased activity at certain periods of the day. However, without further data indicating the reasons for these fluctuations, it's not possible to conclude definitively on their causes.
![ZWL Exchange Rate Stabilizes through Hours of Remarkable Constancy](http://currencymart.net/images/news/zimbabwe-dollar/2024-04-30/img-sahGHRI4cjwgt9YjG2ccfA3z.webp)