2024-05-06 Zimbabwe Dollar News

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.

l 2024 The ZWL exchange rate experienced mild volatility during the span of April 2024, according to the time-series financial data reported. While the changes weren''t dramatic enough to cause panic in the financial market, it''s important to take note of the overall trend and its potential implications for investors and traders. To kick things off on 5th April 2024, the exchange rate reported was 0.00421. This nominal value showed minimal movement for a few days, which indicates a lack of significant market drivers affecting the currency''s value. However, as we continued to monitor the data, the value increased to 0.00422 on 8th April, and then slightly shot up to 0.00425 on 10th April. These changes may appear slight on the surface, but they could translate to substantial gains or losses for currency traders dealing in large volumes. This gentle volatility in the ZWL''s value carried on through mid-April, reaching a high of 0.00429 on 15th April. While this peak can be viewed as a significant moment for the currency, it''s critical to remember that the financial market is always subject to rapid change. The ZWL exchange rate then settled into a period of relative stability, with a gentle downward incline pushing the value to 0.00424 by the end of the month. Such regular fluctuations might not seem monumental, but they could potentially indicate a future trend for those keeping a keen eye on market dynamics. So, why does this matter? Exchange rate fluctuations, however minor, can have significant implications. For businesses engaged in international transactions, they directly influence profit margins. Investors and traders, on the other hand, can take advantage of the currency''s volatility and make lucrative deals. The ZWL''s performance in April 2024 can be seen as a testament to the currency market''s unpredictability. Even minor fluctuations can set waves in motion, impacting the global landscape of financial operations. Moving forward, investors and traders should keep a keen eye on varied factors, including economic indicators, market sentiment, and geopolitical events that can influence the ZWL''s value. The currency''s performance in April 2024 demonstrates that minor fluctuations, observed in hindsight, could spiral into larger trends that shape the market''s future. In conclusion, this assessment underlines the importance of continuously tracking financial data. By keeping track of these rate changes, investors can leverage the information to make savvy business decisions and anticipate potential risks. As the world moves into the second quarter of 2024, the market will be watching to see how these trends evolve, affecting the ZWL''s trajectory in the months to come.ZWL Exchange Rate Exhibits Mild Fluctuation Through April 2024

Current Middle Market Exchange Rate

For information purposes only.