2024-05-21 Lilangeni News

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

1. Understanding the Overall Trend

Based on the data set provided, the overall trend of the exchange rate seems to show a gradual increase. The SZL Exchange Rate started at 0.07461 at the date 2024-05-20 00:00:02, and by the end of the period at the date 2024-05-20 23:55:02, the exchange rate has incremented to 0.07482. These figures suggest a gentle rising trend over this time frame.

2. Seasonality and Patterns

In terms of seasonality or recurring patterns, the dataset does not cover a long-enough period to conclusively identify annual or semi-annual trends. However, within the 24 hours of data provided, it appears that the exchange rate is quite stable with minor fluctuations up and down. There are some periods, particularly around 0.0749 - 0.07495 and after about 2024-05-20 12:00:03, where the exchange rate seems to increase for a certain period before stabilizing, although the data set would need to be more extensive to establish this as a recurring pattern.

3. Outliers and Unexpected Variations

Looking at the data, there are a few instances where the exchange rate varies more than the typical range, such instances could be considered as outliers. One such instance is at around 2024-05-20 11:30:02 where the exchange rate jumps from 0.07472 to 0.07491, which represents a significant increase compared to the exchange rate changes at other times. After this jump, the rate remains at the higher level for several data points before decreasing again.

These outliers may be due to a variety of factors, such as large transactions taking place at those times, changes in market sentiment, or other aspects not included in the provided data.

Despite these outliers, the exchange rate seems to return to its overall trend shortly after these instances, indicating that these are temporary variations rather than long term shifts in the exchange rate.

In conclusion, the data set shows a slight overall upward trend in the exchange rate over the 24-hour period. The exchange rate is generally quite stable, with a few exceptions where noticeable outliers are present. Further data would be needed to confirm more detailed patterns and make accurate forecasts.

24 Hours In the latest financial update that the market-watchers overlook at their peril, the SZL (Swaziland Lilangeni) exchange rate observed a minute yet rousing fluctuation within a 24-hour period on Monday, May 20, 2024. This slight shift, as inconspicuous as it initially seemed, might potentially carry weighty implications for traders staking on this trending currency. The day started with the SZL sticking on a steadfast exchange rate of approximately 0.07461. The early hours of the day witnessed an atomic increment in the rate, escalating to around 0.07468. This initial rise, though slight, was an eloquent indicator of the progressively volatile nature of the SZL''s rate during the rest of the day. By midday, the exchange rate had surged to a day high level of 0.07491, broadening up potential exploits for the watchful currency traders. This stirred the day''s market, spawning growing investor interest within the regional trading clans. The SZL''s waving pattern, although slight, hints at the subtle forces at play within the global exchange market. The implications carried by these small vibrations in the SZL exchange rate can cascade to effect enormous impacts on the global economy. Currency fluctuations, no matter how marginal, have a magnifying influence on international trade patterns and economy''s health as they can shape the cost of imports and exports. Applying simple economic logic reveals a potential ripple effect. A strengthening SZL, embodied by rising exchange rates, makes imported goods cheaper for Swaziland, boosting foreign trade. Conversely, local exporters feel the squeeze as their goods become more expensive for international buyers. But what''s behind this slight shift? Experts attribute such moves to a host of factors ranging from regional inflation rates, GDP growth, to geopolitical events, and even speculative activities by traders. It also invites us to view them in light of ''Purchasing Power Parity'', i.e., the economic theory that compares different countries'' currencies through a ''basket of goods'' approach. Looking ahead, whether this shift is a transient blip or a sign of an impending significant market move is yet to be seen. However, one certainty is that, with global financial markets under constant evolution, observing and interpreting minor fluctuations can offer invaluable insights. Traders should remain vigilant, tracking these shifts to make informed decisions. In an unpredictable financial world, where fortunes can swing on the subtlest of currency shifts, recognizing and understanding such ripples makes the difference. And for the SZL, at least, the world is watching. It seems clear now more than ever that even the tiniest twitch in the SZL''s exchange rate matters. It means a lot for someone - the question is, for whom? The answer lies in the days ahead.SZL Exchange Rate Sees Slight Yet Significant Shift Over 24 Hours

Current Middle Market Exchange Rate

For information purposes only.