2024-04-19 New Zealand Dollar News
2024-04-18
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of the Data
The dataset provided contains a time-series of the New Zealand dollar (NZD) exchange rate for the date of 2024-04-18 with data points almost every few minutes.
Understanding the Overall Trend of Exchange Rates
Looking over the dataset, we observe that the NZD exchange rate sees both rise and fall throughout the day. The exchange rate starts at approximately 0.81412 NZD at the beginning of the day then rises to about 0.81592 NZD, which is the highest point in the day. After this peak, the rate sees a gradual decrease to about 0.81387 NZD. We then see a sharp decrease after 20:00 dropping down to 0.80812 NZD, the lowest in the day. After that, there is a steady increase towards the end of the day to about 0.81138 NZD.
This suggests that the NZD exchange rate does not follow a specific increasing or decreasing trend within the day but oscillates in a certain range.
Identifying Seasonality or Recurring Patterns
As per the data for a single day, it is challenging to identify any seasonality or recurrent pattern in the exchange rates. Seasonality typically requires long-term data, usually at least a few months or a year, to better identify any patterns that may recur daily or annually.
Outliers in the Data
Looking at the exchange rate data, there are no apparent outliers where the exchange rate values significantly deviate from the immediate surrounding values. However, the sharp decrease after 20:00 might be of interest. It is the time when the rate drops from 0.81231 NZD to 0.80812 NZD within less than an hour.
Given that only a single day's data was provided, these interpretations should be taken as a descriptive analysis of this specific day and more data would be required to make broader generalizations.
