2024-04-22 Lilangeni News

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.

s Leading financial markets witnessed an intriguing movement in the SZL exchange rate over the previous fortnight. The period from March 22, 2024, to April 19, 2024, saw the SZL exchange rate experience a fluctuating trend, according to recent time-series data. The SZL started at a rate of 0.0719 on March 22 and went through a series of ups and downs with minor differences reflecting a high level of exchange rate volatility during this period. The exchange rate exhibited a slow, upward trajectory peaking at a rate of 0.07231 on March 22, followed by several slight declines and hikes. After maintaining an average of 0.071 for about a week, the SZL began to strengthen again, reaching a high of 0.07222 on March 22, after which a slight dip was recorded. The following week saw an oscillation between rises and falls, closing the month at 0.07174 on March 28. April began at a similar rate of 0.07161, and after several fluctuations during the first week, the SZL exchange rate started increasing steadily. It peaked to a high of 0.07409 on April 10 before dropping to 0.07266 the next day, a surprising turn given the upward trend. However, the exchange rate didn''t remain on a declining foothold for long. It picked up pace towards the middle of the month, maintaining an average of 0.072 during the second week. Yet, it ended on a slightly weaker note at 0.07191 on April 19. This variation in the SZL exchange rate, although minor in numbers, has significant implications in the financial market. Exchange rate fluctuations can impact trade balance, as they affect the price of a country''s goods and services. They may also influence investment decisions as investors typically move their money to countries with higher interest rates. The constant upswings and downswings in the SZL exchange rate are reflective of the inherent uncertainties that investors and traders tackle in the exchange markets. These fluctuations can be attributed to a variety of factors – from changes in interest rates and inflation to political instability and economic performance. Although market speculation can sometimes drive these fluctuations, this recent trend perhaps signals a balancing act between several macroeconomic factors. For instance, increases in the exchange rate may suggest positive investor sentiments, reflecting economic stability and growth prospects, while declines could indicate the opposite. Moving forward, market participants would need to brace themselves for further possible volatility, considering global economic uncertainties. Keeping a keen eye on the SZL''s performance, in correlation with global economic events, will be crucial. However, it''s yet to be seen how this volatility will play out in the future and what it could mean for the respective economy in the long-term.Fluctuation in SZL Exchange Rate Witnessed over Two Weeks

Current Middle Market Exchange Rate

For information purposes only.