2024-05-01 Zimbabwe Dollar News

Summary of Yesterday

  • 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 dataset provided gives data points at different timestamps for the ZWL exchange rate. From the data, we can observe that the ZWL exchange rate remained consistently at 0.00425 for a considerable length of time before slightly increasing to 0.00428 towards the end of the period. This increase starts from the 2024-04-30 07:40:02 timestamp - when the value went from 0.00425 to 0.00426 and increased further in subsequent timestamps. The increase, albeit minimal, signifies a trend in the exchange rate of ZWL. The overall trend observed in this time series data is that the ZWL exchange rates have largely been stable during the given period, with a very slight upward trend towards the end of the date range.

2. Seasonality and Recurring Patterns

As this is a single-day's data for the 30th of April 2024, discerning any significant seasonality or recurring patterns could be a bit challenging. However, an evaluation of the data does not reveal any apparent or significant recurring seasonal patterns. Again, keep in mind that discerning seasonal patterns would typically require a more extensive dataset that spans across multiple months or years. With a single day's data and the perceived stability of the ZWL, it's challenging to accurately identify wavelike repetitiveness that could signal seasonality.

3. Outliers Identification

The outlier in this dataset is the slight increase in the ZWL exchange rate from the consistent 0.00425 to 0.00426 at the timestamp of 2024-04-30 07:40:02, and the subsequent further increase to 0.00427, 0.00428 thereafter. However, considering the extent of the increase (which is relatively minimal), it might not be accurate to characterize this fluctuation as a true 'outlier.' The data remains relatively stable, suggesting no significant deviation from the overall trend observed within the time series.

In conclusion, an analysis of the time series data provided shows a stable ZWL exchange rate with a slight uptick towards the end of the period. However, given the scope of this data limited to one day, this analysis might not accurately represent the full picture of the ZWL's performance over an extended period. A more comprehensive dataset would lend itself to a more thorough and conclusive analysis.

ility April had been an interesting month for the Zimbabwean economy, marked by stability and subtle progression. The currency exchange rates for the Zimbabwean Dollar (ZWL) have demonstrated a consistent pattern throughout. If the most recent trend can be taken as an indicator, it just might signal progress in the currently struggling economy. As per the time series financial data provided, the exchange rate for ZWL started at 0.00425 on April 30th and stayed steadily for the substantial period. However, as the days went by, even the slightest fluctuations mattered as they implied a slight upward trajectory. By 07:40 AM ZWL rate rose slightly to 0.00426, registering an increase however marginal it was. This movement continued onward to 0.00427 at 08:00 AM the same day, and stayed steady at this rate for a considerable period. A noteworthy observation came later in the day at 2:55 PM, when the ZWL rate rose to 0.00428. Since then, there was no drop as the rate remained consistent till the day’s conclusion. This surprises many as it signals hope for the Zimbabwean economy which had been grappling with hyperinflation and currency volatility. Even though these changes seem minuscule, macroeconomic observers understand the mammoth significance it holds. The consistent stability and slight appreciation of ZWL over the day, offers a positive outlook, however tentative it might be as of now. From an individual''s perspective, this might suggest improvements in purchasing power parity. As a broader implication, a consistent currency exchange rate suggests controlled inflation and is a welcome sign in an economy that has been staggered by hyperinflation runtime. Rising from a history of currency volatility and hyperinflation, Zimbabwe has been engrossed in refurbishing the economic stability of the country. Given this backdrop, the maintenance of stable ZWL rates and a slight appreciation portray a positive implication in the macroeconomic context, perceptibly reflecting the result of implemented monetary interventions. Going forward, it''ll be essential for Zimbabwe''s Central Bank to focus on maintaining this stability. An overnight change is not expected, but slow and steady improvements can make a significant difference over an extended period. Keeping an eye on future implications, trends and possible fluctuations in the ZWL exchange rates could reveal more about the economic health of the nation. For the individuals and investors rooting for Zimbabwe''s economic recovery, this consistency is a sliver of hope. As all eyes stay on the ZWL exchange rate, it suggests the globe peddled through the awaited economic upturns in Zimbabwe. Steady Rise in Zimbabwean Currency Signals Economic Stability

Current Middle Market Exchange Rate

For information purposes only.