2024-05-03 Zimbabwe Dollar News
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2024-05-02
Summary of Yesterday
- 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 of Exchange Rates
The dataset is remarkably flat, showing only minute fluctuations in the exchange rate (ZWL). Notably, the value remains constant at 0.00426 for the most part of the period, from 2024-05-02 00:00:02 up till 2024-05-02 10:34:02. Thereafter slight drop is noticed to 0.00425 lasting to the end of the day. In general, considering the overall pattern, the exchange rate appears to be quite stable.
Identifying Recurring Patterns
In the given data, there doesn't seem to be any strong recurring patterns or any clear seasonality behavior in the exchange rates given the high stability. A slight devaluation was noticed towards mid-day, which might imply a slightly higher volatility during these hours. More data would be required to verify this regarding different days and similarly specific trading hours.
Outliers
Given the overarching consistency of the exchange rates in the dataset, there doesn't appear to have any major outliers. The rates only oscillate between 0.00424 and 0.00426, which represents a very minimal difference. However, the slight drop to 0.00424 towards the end of the day could be of interest and could be considered as a mild outlier compared to the stability of the rest of the dataset.
Conclusion
Overall, during the provided timestamp, the exchange rate of ZWL remains largely stable with a very minor fluctuation. There don't appear to be any significant recurring patterns, seasonal factors, or remarkable outliers that can be detected from this dataset.
![Unwavering Stability: ZWL Exchange Rates Maintain Consistent Performance](http://currencymart.net/images/news/zimbabwe-dollar/2024-05-03/img-DlQ6PLfMjcJek1AyCeyJ3UXv.webp)