2024-05-10 Zimbabwe Dollar News
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2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of The Exchange Rates
Based on the time-series data provided, the value of the currency (ZWL) mostly ranges between 0.00425 and 0.00427. This slight fluctuation indicates a fairly stable exchange rate over the observed period. The rate briefly uplifts to 0.00427 at certain points, but it soon reverts back to the regular range showing no definite upward or downward pattern. This very slight variation suggests that the currency’s value generally remains stable.
Seasonality or Recurring Patterns
The data does not display any discernible seasonality or recurring pattern. The exchange rate consistently floats around the same value with minor fluctuations, displaying no repetitive behaviour at specific intervals. This implies that the exchange rate may not be significantly affected by cyclical factors which might introduce a pattern such as trading hours, weekdays or specific months of the year.
Outliers in the Exchange Rate
As per the provided data, no noticeable outliers or significant deviations from the expected range of 0.00425 to 0.00427 are observed. All recorded exchange rates are either 0.00425 or 0.00427, indicating a consistent level of exchange rate with the absence of any unexpected shocks or anomalies during the examined period.
![Steady Performance of ZWL Arouses Market Curiosity](http://currencymart.net/images/news/zimbabwe-dollar/2024-05-10/img-u1RXzqp33sG8oXRApw7eGpiG.webp)