2024-05-06 Zimbabwe Dollar News
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2024-05-05
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
1. Overall Trend of Exchange Rates
The overall trend of the ZWL exchange rate, according to the dataset, seems to be not stable, with a mild increase. The range of values starts at 0.00421 on 2024-04-05 and moves up to 0.00429 on 2024-04-16. Afterward, the rate shows a slight dip, reaching lows of 0.00424 by the end of May. Every increment is minute, which indicates a gradual growth, with minor changes in the trend. The overall trend can be seen as a slight upward slant, followed by a modest dip.
2. Recurring Patterns in the Exchange Rates
As for recurring patterns in the data, there is noticeable stability within the day, with the rate fluctuating slightly within 24 hours but generally remaining close to the opening rate of the day. The most substantial changes occur over multiple days or weeks rather than within a single day. This absence of intraday variability suggests that the ZWL exchange rate is relatively resistant to short-term market changes.
3. Identification of Any Outliers
In terms of outliers in the dataset, there do not appear to be any significant cases where the exchange rate differs greatly from the average rate in the given period. The rate fluctuates between 0.00421 and 0.00429, thus the variation in the ZWL exchange rate is quite small. Therefore, it can be interpreted as no substantial outlier is present during this observation period.
![ZWL Exchange Rate Exhibits Mild Fluctuation Through April 2024](http://currencymart.net/images/news/zimbabwe-dollar/2024-05-06/img-KcKdHGhO5v3BUS2vd8Aqy7ij.webp)