2024-05-14 Zimbabwe Dollar News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-13
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. Understanding the Overall Trend of the Exchange Rates
Upon analyzing the dataset, the overall trend of the ZWL exchange rate remains mostly stable with a value of 0.00425 throughout the provided data timeframe. Minor fluctuations occur around 0.00424, but these are infrequent. Thus, the key observation is that the exchange rate remains relatively constant during the period under review.
2. Identifying Seasonality or Recurring Patterns
In this given dataset, discerning any seasonality or recurring patterns is quite challenging mainly because the exchange rate remains steady. However, we noted that minor fluctuations to 0.00424 seem to occur sporadically. That being said, these instances are too irregular and infrequent to identify as a recurring pattern.
3. Noting any Outliers
Considering the constant exchange rate of 0.00425, any rate that deviates from this value could be considered an outlier. In this case, the instances where the rate dropped to 0.00424 are outliers within this dataset. These instances are infrequent but spread throughout the data, showing no discernible pattern.
In conclusion, while this dataset does contain some minor fluctuations, the ZWL exchange rate remains largely stable across the observed timeframe. Further data points or additional background information might be necessary to provide a more comprehensive analysis of the nature and causes of these fluctuations, including their timing, extent, and potential triggering events.
![ZWL Exchange Rate](http://currencymart.net/images/news/zimbabwe-dollar/2024-05-14/img-wdepHWM9Ezn7auVPEOtMKnqU.webp)