2024-05-21 Lilangeni News
2024-05-20
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.