2024-04-30 Lilangeni News
2024-04-29
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- 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.