2024-04-30 Lilangeni News

Summary of Last Month

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

Statistical Measures

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  • Standard Deviation:

Trend

Overall Trend of Exchange Rates

Based on the data provided, it appears that there is a slight upward trend in exchange rates over the period shown. The start of the period shows the rate at around 0.0722, and by the end of the period, it has risen to around 0.07297. This analysis suggests that the value of SZL has been strengthening against the other currency in the pair during this period.

Seasonality and Recurring Patterns

With regards to seasonality or recurring patterns, there appears to be consistent minor fluctuations in the exchange rate within the 5-minute intervals. However, these fluctuations do not show clear patterns of recurrence at specific time periods within the day nor on a daily basis. Therefore, it might be difficult to predict future rates based on this data alone.

Identification of Outliers

At a glance, most of the exchange rates in this dataset stay within a narrow range. However, there are a few potential outliers that are worth noting. For example, at the timestamp '2024-04-29 06:40:02', the rate jumps to 0.07283 from 0.0728, indicating a relatively large increase in a span of 5 minutes. Similarly, the exchange rate drops from 0.07283 at '2024-04-29 11:05:02' to 0.07181, which indicates a sudden depreciation of SZL. These instances may signify short-term volatility or unexpected events influencing the market at those moments.

Conclusion

In conclusion, the SZL exchange rate shows a minor increment within the given dataset albeit the fluctuations that do not exhibit clear cyclic pattern. There were also few instances of sharp rate fluctuations which could be considered as outliers in this analysis. Since we did not consider external factors such as market conditions or socio-economic events, the reasons for these anomalies are not readily evident.

" In a surprising turn of events, the Swaziland Lilangeni (SZL), experienced a notable uptick over a 24-hour tracking period. This continuous surge reflects changes in the economic landscape and signals potential impact for investors, businesses, and citizens alike. Starting off on April 29, 2024, at midnight with an exchange rate of 0.0722, the SZL embarked on a relatively steady rise throughout the 24-hour window. Early morning saw the rate at 0.07223 and by the peak hour of 6:40 am, it rose to a considerable 0.07283. A relatively sharp hike was recorded at 1:30 pm when the SZL climbed from 0.07183 to 0.07256 by 4:15 pm. During its movement, the SZL attained its peak rate at 10:05 pm, hitting a remarkable 0.07298. Despite minor fluctuations, the currency''s overall progression was upward, closing the day almost the same as its peak value at 0.07298 by 11:30 pm. This performance speaks volumes about the resilience of Swaziland''s currency amidst global economic volatility. Such a rise can be attributed to the relative stability of the nation''s economy, which may have bolstered foreign investor confidence and fueled this currency appreciation. Nevertheless, these aren''t standalone figures – they contribute to the broader economic narrative. The rising exchange rate signifies reduced costs for imports, potentially benefiting local businesses reliant on international goods or services. Conversely, the situation could pose a challenge for the export sector, making Swaziland goods less competitive in foreign markets. From an investor''s perspective, appreciation in the SZL could signal a lucrative opportunity for those trading in this currency. For creditors and global businesses, the repercussions are double-edged, on one hand foreign debts become more expensive to pay off, on the other the purchasing power parity increases in favor of the SZL. The strong performance of the SZL does not exist in a vacuum. Global market trends, national economic policies, and the country''s overall economic health likely contributed to this currency uptrend. This prompts a closer look for the possible causative and contributing factors behind this performance. Looking ahead, while a robust exchange rate is favorable, authorities and stakeholders must cautiously monitor this upward trend for any signs of overheating. Also, the unfolding global economic situation, as well as domestic policy responses, will play a crucial role in the future direction of SZL. All eyes will be on how this trajectory is going to impact Swaziland''s economy, the global currency market, and SZL''s position therein. In conclusion, the rise of the SZL opens new chapters for Swaziland''s economy, instigating further discussions on global currency dynamics, making it a sector to watch closely in the coming days. "Steady Ascend in SZL Exchange Rate Over 24-hour Window"

Current Middle Market Exchange Rate

For information purposes only.