2024-05-14 Lilangeni News
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2024-05-13
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend of the Exchange Rates
The overall trend of the SZL exchange rate in this dataset seems to demonstrate slight fluctuations, though there is no definitive trend of consistent increasing or decreasing. The exchange rate fluctuates between 0.074 and 0.07453 - indicating modest variability within the dataset over the period shown. One would need a broader dataset to better understand if these changes indicate a wider trend.
Identifying Seasonality or Recurring Patterns
The dataset, which represents less than a single day, makes it challenging to determine a substantial evidence of seasonality or recurring patterns significantly. To identify such patterns, a more extensive data set that covers a more extended period, preferably across multiple months or years would be required.
Outliers in the Exchange Rate
Considering the relatively limited range of exchange rates represented in this data set, it doesn't seem to contain any significant outliers. All the values fall within a very close range, with no dramatic spikes or drops. The rate ranges from a low of 0.07399 to a high of 0.07453, indicating relative stability over the period provided.
For meaningful and comprehensive analysis, such as examining the influence of market opening/closing hours, weekends/holidays, impacts of key financial news and reports, a broader dataset covering a more extended period would be beneficial. This would also allow for a more accurate and reliable forecast for future rates.
![Market Reacts as SZL Exchange Rate Experiences Marginal Fluctuation](http://currencymart.net/images/news/lilangeni/2024-05-14/img-ZtYxlJRQRqS8BZAv1RJgEdCI.webp)