Fluctuating SZL Exchange Rates Keep Market Participants On Edge
2024-05-02
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend
After analyzing the time series data provided for the SZL exchange rate, it is observed that the exchange rate generally remains stable over the period shown with only slight fluctuations. This is evidenced by the minimal changes in exchange rates across the different timestamps provided. No distinct increasing or decreasing overall trend can be identified at this stage. While slight ups and downs are present at periods, the movement is not significant enough to constitute a pronounced trend.
Seasonality and Recurring Patterns
Due to the high frequency (every 5 minutes) of data points provided, it is difficult to detect any seasonality within such a short span of time. Seasonal patterns in financial data would typically emerge over larger timeframes - daily, weekly or monthly. As for recurring patterns, no obvious repeating pattern has been identified from the data. The exchange rate seems to be affected by random fluctuations with no discernible cycle repeated over time.
Outliers
Throughout the entire time series data, no significant outliers are observed, as deviations in the exchange rate stay constrained within a narrow margin. The rate fluctuates around a similar level, with no extreme plunges or surges that greatly differ from the norm. Overall, it can be said that the exchange rate remains generally stable and steady over the entire timeline.
In conclusion, the SZL exchange rates data indicate a stable market with slight fluctuations without any substantial increasing or decreasing trend over the period provided. There are no dramatic surprises or deviations, portraying a well-balanced and robust system. It is important to note that this analysis only refers to this specific snapshot in time and must be updated as new data becomes available to maintain an up-to-date understanding of the trend and potential outliers.