2024-05-06 Lilangeni News
2024-05-05
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. Understanding the Trend of SZL Exchange Rates
Based on the provided time series data, the SZL exchange rate demonstrates a fairly stable trend, hovering around 0.07 most of the time over the period. There is no distinct pattern of continuous or significant increase or decrease in the rates. However, some minor fluctuations are evident, driven by possible daily trade activities or driven by other economic factors. Therefore, the overall trend indicates a stable market for SZL in the given time frame.
2. Identifying Seasonality in Rates
In regards to seasonality or recurring patterns, a time-series analysis typically needs more extended periods of data to identify seasonality accurately. However, looking at the provided trend, there isn't a clear signal of specific recurring patterns in the exchange rates such as weekly, monthly or yearly variations. The fluctuations appear to be random which could indicate a lack of strong seasonality in the data set. It would require further and deep analysis, possibly with more data points and more extended period of time to confirm this.
3. Identifying Outliers in the Series
From the data provided, the SZL exchange rates remain within a reasonably narrow band, and there doesn't appear to be any instances where the rate falls drastically below or rises significantly above the average trend. Therefore, no significant outliers are detected in this dataset. Please note that sophisticated statistical techniques are typically used to identify outliers, and without application of such methods, some moderate outliers might not have been spotted in this raw overview.