2024-04-22 Lilangeni News
2024-04-21
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 the Exchange Rates
After a careful review of the dataset provided, the overall trend shows a general gradual increase in the exchange rate over time from the start date on 22nd March 2024 to the end date on 19th April 2024. The exchange rate starts at a value of 0.0719 and ends at a value of 0.07191. Despite some variations and fluctuations throughout this period, the overall trend leans towards an increase rather than a decrease. It's worth noting that this does not necessarily mean that the rate will continue to increase in the future, as exchange rates are inherently volatile and can be influenced by an array of factors from inflation rates to political stability.
2. Seasonality in the Exchange Rates
As for seasonality, the dataset does not cover a long enough period to definitively establish any seasonal patterns. However, there seem to be minor fluctuations in the data which could likely be attributed to intra-day trading volatility. Typically, exchange rates can fluctify during the day as global financial markets open and close.
3. Outliers in the Exchange Rates
There are no significant obvious outliers in the dataset; most of the exchange rates are clustered reasonably closely around the gradual upward trend. Some slight peaks and troughs can be observed, signaling a momentary rise or fall in the rate, but none of these appear to be extreme enough to be classified as true outliers.
To identify outliers, we need to look for data points that are statistically distant from the others, which would indicate a significant deviation from the expected value. A deeper statistical analysis would be required to identify these with certainty, but visually, none stand out in the current dataset.
Conclusion
Overall, the SZL exchange rate demonstrates a slightly upward trend from March 2024 to April 2024, with minor daily fluctuations likely due to normal trading volatility. No significant outliers were identified in this review, but the potential for their existence should be considered in further, more detailed analyses.