2024-05-13 Lilangeni News
2024-05-12
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.