2024-05-09 Lilangeni News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overview of Exchange Rate Changes
The given dataset represents the exchange rates of SZL currency against another unspecified currency over a 24 hours period of 8th May 2024. The timestamps are provided in 5 minutes intervals and the corresponding exchange rates are given.
Trend Analysis
Examining the given dataset, it is visible that the exchange rate fluctuates between 0.07375 and 0.07444 throughout the day. Observing the time-series data, it can be inferred that there is no clear trend of a general increase or decrease in the exchange rates. These rates seem to fluctuate around a mean and don’t show a consistent ascension or descension.
Seasonality and Recurring Patterns
With respect to seasonality in this time-series data, it seems there are no apparent repetitive or cyclical patterns visible in the dataset. However, given the short time-span (one day) covered by the data, it may not be possible to accurately identify seasonal patterns based on this limited information.
Outliers and Anomalies
No apparent outliers or significant anomalies are noticed from this dataset. The exchange rates seem to deviate only a minimum amount from each other, suggesting no dramatic changes or shocks during this timeframe.
However, the consistency of the data may be an indicator of some market stability or lack of volatility during this period, which may not be the case in a real-life scenario.
Reliable financial analysis generally requires a broader dataset that covers extended periods for sound trend analysis and seasonality study. The short time span of the dataset limits the depth of the analysis that can be performed and hampers detailed insight that can be derived.
Other Insights
Please note that the analysis does not take into account external factors impacting exchange rates such as market opening/closing hours, weekends/holidays, or the release of key financial reports and news.
![Unprecedented Stability in SZL Exchange Rates Maintained Over 24 Hours](http://currencymart.net/images/news/lilangeni/2024-05-09/img-4TZ7SBwJaxLKOGXY0kvR3qUU.webp)