2024-05-21 Zimbabwe Dollar News

Summary of Last Month

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

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Trend

Analysis of Time Series Data for Exchange Rates (ZWL)

The provided dataset shows the exchange rate (ZWL) for different timestamps. After analyzing the dataset, the following observations were made:

1. Overall Trend of Exchange Rates

The ZWL exchange rate showed a slight increase over the period shown in the dataset. The value started at 0.00422 and reached 0.00424 at the end of the period. While there are fluctuations within this range, the overall trend is a slight increase.

2. Seasonality and Recurring Patterns

There doesn't appear to be a clear pattern of seasonality in the exchange rate within the given period. The rate does not exhibit regular or predictable changes which would suggest a pattern associated with specific times of the year. Additionally, the dataset doesn't span a long enough time to confidently observe recurring yearly patterns.

3. Noted Outliers

Given the small range of fluctuation and overall consistency of the rates, there are no significant outliers in the data. All rates throughout the period provided fall within 0.00422 to 0.00424, making the dataset relatively stable.

Please note, this analysis has been carried out purely based on the provided dataset and does not take into account external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports.

pes In the world of financial markets, stability is always a safe bet. Over the last 24 hours, the Zimbabwean currency, the Zimbabwean Dollar (ZWL), has demonstrated a significant level of stability, raising hopes for a steadier economic direction in the future. The ZWL, historically fraught with volatility due to a range of domestic and international factors, recorded a constant value throughout the day''s trading session. At the start of the day, the exchange rate was pegged at an average 0.00422. Remarkably, the rate only increased very slightly towards the end of the session, rounding off at a mildly improved rate of 0.00424. Such stability in the currency''s exchange rate is a rare feat for ZWL, and it indeed marks an important milestone for Zimbabwe''s financial landscape. Economists and investors have been keenly observing this unusual steadiness as it ripples across the country''s financial markets, potentially signalling newfound confidence in Zimbabwe''s economy. The ZWL''s stable performance is significant as it contrasts sharply against the characteristically volatile nature of this particular currency. Historically, the ZWL has been strike by a whirlwind of inflationary pressures and political instabilities which have often resulted to constant fluctuation in its value. The newfound stability might be a tremendous leap forward for the Zimbabwean economy. If sustained, this could potentially restore investor confidence, prompt an increased foreign investment influx, and stimulate growth in key sectors of Zimbabwe''s economy. This historic exhibit of currency stability may also bode well for consumers and businesses alike. The stability itself could potentially reduce the cost of imported goods, as importers would not need to account for drastic currency fluctuations during transactions. Simultaneously, it could provide a much-needed relief to businesses by enabling accurate financial forecasting and reducing the uncertainty associated with operational costs. On the flip side, it''s also crucial to analyze this trend of stability in a broader context. Other external factors affecting the global financial markets - such geopolitical tensions, international trade policies, and other global economic trends - can have an impact on the nation’s currency. Keeping a close watch on these global indices may provide more insight into whether this trend could sustain. Conclusively, it''s indisputable that the observed stability in ZWL’s exchange rate presents an opportunity for Zimbabwe. But it''s equally important to proceed with caution, considering the wider perspective of the global economic landscape. As the financial markets keep rolling, only time will tell if this economic fortune will hold. But one thing is certain, this steady exchange rate offers glimmers of economic hope for Zimbabwe.Stability in ZWL Exchange Rate Trends Raises Economic Hopes

Current Middle Market Exchange Rate

For information purposes only.