2024-05-07 Zimbabwe Dollar News
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2024-05-06
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
1. Overall Trend Analysis
The provided dataset indicates that the exchange rates (ZWL) remain remarkably stable during the timeframe. The rate consistently stays at 0.00425 for a significant portion of the observed period. Around midway through the dataset, the rate exhibits a subtle decrease to 0.00424 before fluctuating between the two rates until the conclusion of the date range. There isn't an obvious indication of either a continuous upward or downward trend; rather, the exchange rate remains relatively steady.
2. Seasonality or Recurring Patterns
In terms of recurring patterns or seasonality in the data, it's difficult to ascertain any clear pattern from the current dataset. Given the uniformity of the exchange rate across different times and the minute variances observed, we cannot reliably infer any seasonal trends or repeating patterns. More data and specifics regarding the times/dates may be required to accurately determine any potential seasonal trends.
3. Outliers Analysis
From a cursory glance at the figures and considering the small range of variance (0.00424 - 0.00425), there aren't evident instances of significant outliers. The exchange rates all stay within the identified minuscule range, signaling that they don't deviate dramatically from the overall trend. Although any movement in the rates could potentially be of importance due to the stability of the rates during this period, the change from 0.00425 to 0.00424 isn't significant enough to be classified as an outlier.
In conclusion, the exchange rates in the provided dataset maintain a high level of stability, and potential outliers are negligible. Due to the scantiness of the variances, identifying any seasonality or recurring patterns proves challenging.
![ZWL Holds Steady - A Remarkably Stable Story in 2024 Forecasts](http://currencymart.net/images/news/zimbabwe-dollar/2024-05-07/img-x6Htdy2UO6eSbJbXMUHt9kfw.webp)