2024-04-26 Lilangeni News
2024-04-25
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overview of SZL Exchange Rate Trends
Upon a cursory review of the data provided, it appears that the SZL exchange rate initially remained relatively steady around 0.07153, with minimum variance. However, the trend shifted soon, with the rate increasing gradually to 0.07219 at some points. Later again, the rate dropped to around 0.07133, only to increase again, and then decrease, illustrating a trend of mixed fluctuations. It's important to note that the observed changes in the rate were minimal, indicating that it remained in a relatively tight band throughout the given period.
2. Seasonality in SZL Exchange Rates
An in-depth analysis of recurring patterns or seasonality would require data over a longer timeframe and ideally over multiple identical periods (for example, several years). However, based on this small sample and the short time span, discernible patterns or seasonality are not evident. The fluctuations in the rate appear more random than cyclical or seasonal.
3. Outliers in the Data
Outliers in exchange rate data typically represent significant deviations from the norm. These may be due to various reasons including economic events, policy changes, or simply unprecedented market activity. It's worth noting the sudden jumps in exchange rate, such as the increase from 0.07145 to 0.07189 then subsequently to 0.07219, and further the drop to 0.07133. These will be considered as outliers since they represent considerable departures from the generally observed slow and minimal change.
Overall, this analysis provides a snapshot of the SZL exchange rate's behavior for the given period. A deeper understanding of these rates and the forces affecting them would likely necessitate a more comprehensive dataset and a more intricate analytical process which aren't in the scope for this brief review.