2024-04-18 New Zealand Dollar News

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overall Trend Analysis

Based on the dataset, there's no clear consistent upward or downward trend visible over the day. Rates seem to fluctuate repeatedly. The NZD exchange rate starts at around 0.8157 and ends at around 0.8145, indicating a very small decline across the timestamp provided.

Seasonality and Recurring Patterns

Looking at the provided dataset, it's tough to identify any seasonality or recurring patterns in the hourly changes of exchange rates. While there are periods of both increases and decreases, the data does not show a consistent time-based pattern. Further statistical analysis, perhaps on a larger data set, might reveal some patterns though.

Outliers

Given the range of the data (from about 0.8135 up to about 0.817), there appears to be no critical outliers in the dataset. The rate fluctuates within a fairly tight range, never differing significantly from the general trend.

Conclusion

The NZD exchange experience slight fluctuations over the timestamp. The exchange rates are highly volatile illustrating the dynamic nature of financial markets. However, there are no noticeable trends, seasonality, or outliers in this dataset.

/h1> In a wave of notable fluctuations, the New Zealand Dollar (NZD) exchange rate presented a volatile dance over 24 hours on April 17, 2024. The data shows an array of peaks and troughs that spanned across the entire period, illustrating an unusually erratic performance of the digital markets. The 24-hour period began at midnight (00:00:02) with the NZD exchange rate at 0.81572. It was followed by a swift decline until 00:30:02, where the rate fell to 0.81526. This downward trend was categorical of the early hours, with a minor increase witnessed at 01:05:01, where the rate rose to 0.81582 before rocketing to its 24-hour peak of 0.81706 at 02:20:02. However, the apex was quickly overshadowed by a considerable plunge to 0.81575 by 03:00:02. Midday wasn''t any less rocky, with the rate fluctuating between 0.81426 at 09:10:03 and 0.81502 at 12:55:03. While the rates slightly steadied during the afternoon hours, the evening welcomed a new surge of volatility. The exchange rate plummeted from 0.8151 at 22:00:02 to a day low of 0.81446 at 23:50:02. This erratic performance of the NZD has left market participants grappling with the sudden variance. As a tradable commodity, the NZD''s volatility can be leveraged by investors for high returns on investment. However, it also implies higher risk, and with the abrupt changes witnessed in the past 24-hours, the investment scene could be both profitable and tumultuous. These fluctuations can be traced back to a variety of geopolitical and economic events both within and outside New Zealand. Factors such as official cash rate changes, GDP reports, and changes in global commodity prices significantly impact the NZD exchange rate. Moving forward, investors and market enthusiasts are geared up for what appears to be a season of whirlwinds within the digital market. Potential investors are advised to keep a keen eye on the NZD rate to maximize profits and minimize losses. The future holds an interesting outlook for the NZD as these fluctuations call for a thoughtful assessment of market conditions. Observers should look out for measures by New Zealand''s central bank to stabilize the NZD, and external forces, like trade relations with key partners and international oil prices, that may continue to spark the NZD exchange rates. The NZD’s volatile journey in the past 24 hours sets the stage for an exhilarating ride, one that participants in the exchange market will be closely monitoring in the near future. As always, while volatility implies a higher risk, it also opens doors for more significant returns.Wave of volatility hits NZD exchange rate over 24 hours

Current Middle Market Exchange Rate

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