2024-05-13 Lilangeni News

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

Overview and General Trend of the Exchange Rates

After examining the data, it is clear that the exchange rates of SZL had relatively minor fluctuations during the time period in question. While the values did not remain entirely stable across this period, overall the changes were marginal. Initially, the exchange rate started at 0.07291 and reached a maximum point of 0.07434 while recording a minimum rate of 0.07113. The degree of the fluctuations remained relatively small indicating that the currency was generally stable in its performance.

Seasonality or Recurring Patterns

As time series data typically showcase recurring patterns over specific time intervals, this SZL data was carefully analysed for any such patterns or seasonality. However, no distinct seasonal or recurring effect could be identified. This indicates that the exchange rate of SZL, over the interval reviewed, appeared to be more dependent on irregular fluctuations than repetitive or seasonal trends.

Outliers in the Exchange Rates

An outlier analysis performed on the data does not reveal any significant anomaly in the exchange rates that would drastically stand out from the typical values. No singular data point can be seen to differ extraordinarily from its preceding or succeeding values. This suggests that across the timespan and data points provided, the exchange rate behaved consistently, without dramatic peaks or troughs.

External Factors

As per your request, this analysis does not take into account any potential impact of external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news or reports. However, it is important to note that such factors may indeed have substantial influence over currency exchange rates. In a more extensive analysis, it would be advantageous to consider these elements to gain a more accurate and complete understanding of the exchange rate fluctuations.

Future Forecasts

Furthermore, according to your instructions, no forecast for future exchange rates has been provided in this analysis. However, it bears mentioning that with the use of sophisticated financial models and software tools, it is indeed possible to leverage historical time-series data to generate informed predictions about future exchange rate movements.

Conclusively, this detailed analysis of the given SZL exchange rate time-series data suggests the currency has maintained a generally stable performance, with no obvious seasonal influences or notable outliers. Yet, it is essential to remember that this examination only provides insights based on historical values and does not forecast any future rate changes.

lent Wave The volatile nature of SZL''s exchange rate has recently been put under the spotlight, suggesting an air of turmoil surrounding this key aspect of financial market over the past weeks. Since the early April, SZL''s (Swaziland''s currency) exchange rate has been in a constant flux, presenting a significant series of crests and troughs, a notably distinct pattern for such a short span of time. The rate kicked off at 0.07291 on April 12, 2024, and gradually rose to a peak of 0.07321 before declining once again. Subsequent days continued exhibiting this trend, painting a picture of uncertain predictability encompassing SZL''s value. Analysts cannot overlook the heightened activity present during this period, suggesting crucial movements within the market. Specific instances from the dataset serve to highlight the highly unpredictable climate. For example, on April 15, 2024, the rate plummeted to 0.07251 from 0.07311 and then experienced a modest recovery to settle at 0.07282. However, a steady decline followed afterward, leading to another drop to 0.07244 on April 16 and further to a low of 0.07142 on April 19. This oscillating pattern persisted throughout the following days. A sharp recovery was observed on April 26, where the rate went as high as 0.07257. On April 30, the value peaked at 0.07392, marking the highest rate in this analysed period. Nevertheless, the following days saw a mixed pattern of minor peaks and troughs. The vibrancy of SZL''s value signifies a dynamic rapids of market forces and geopolitical influences. These fluctuations can have several implications, affecting the purchasing power of local end consumers, economic health, foreign trade, and investment landscape. The relative instability of SZL''s value prompts uncertainty for investors. This risk could potentially dissuade financial institutions effectively impacting the FDI inflow to Swaziland. Moreover, the average individual might also perceive the value of their savings to be under threat due to ongoing currency value volatility. As we push into May 2024, the SZL exchange rate remains an intriguing subplot. If the recent string of oscillations continues, national economic stability might come into question. Given the vital implications of exchange rates on financial markets, these figures are decisively indicative of the overall fiscal health of a nation. Going forward, it will be instrumental to keep a close eye on developments. Economic indicators and monetary policies should provide significant insight into the possible trajectory of the SZL exchange rate. Any sudden shifts could trigger significant changes in the economic landscape, hence keeping investors, traders, and even everyday consumers on their toes. The million-dollar question now stands – will the volatile wave of changes smoothen out or are we to brace for more turbulence ahead? Only time will tell.Rise and Fall: Recent SZL Exchange Rate Presents A Turbulent Wave

Current Middle Market Exchange Rate

For information purposes only.