2024-04-23 New Zealand Dollar News

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Follow New Zealand Dollar Forecast April 23, 2024
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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

Overall Trend of the Exchange Rates

Upon analyzing the dataset, it is observed that there is a slight downward trend in the NZD exchange rate values over the period shown. Starting from 0.81155, the exchange rate generally fluctuates around the 0.811 and 0.810 level, until it eventually settles near 0.81052. While there are ups and downs throughout, the overall direction is a slight depreciation of the NZD.

Seasonality or Recurring Patterns in Exchange Rates

It is hard to identify any clear seasonality or recurring patterns based on this data. The exchange rates do fluctuate regularly, but these fluctuations do not seem to follow a specific or predictable pattern that repeats over time or at certain times. It might require a more detailed, higher-frequency dataset in order to observe any daily or hourly patterns. In this dataset, a significant amount of noise is present, which is common in financial time series data like exchange rates. Hence, extraction of a meaningful cycle or seasonality might not be possible from this dataset.

Identification of Outliers

Regarding the outliers, given the slight but consistent depreciation trend, any sharp upward spike could be considered as an outlier. Specifically, the reading of 0.81174 and the lowest point of 0.80981 appear to be significant deviations from the general trend. However, without a clear pattern or seasonality, determining an ‘expected’ value for any given timestamp is challenging. Therefore, defining what would constitute an outlier is difficult in this particular context.

Please note that further analysis might be necessary to fully understand the behaviours of the NZD exchange rates, including examining longer periods of time, introducing more variables (like volume or other related financial indicators), or utilizing more sophisticated statistical methods or financial models.

n The Last 24 Hours The last 24 hours have seen the exchange rate of the New Zealand Dollar (NZD) fluctuate significantly, according to recent time-series exchange data. The dataset begins from 2024-04-22 00:00:02 and ends at 2024-04-22 23:55:02, with the NZD reaching a high of 0.81174 and a low of 0.80981, demonstrating a high level of unpredictability. The exchange rate started the day at a promising 0.81155, increasing incrementally until it peaked at 0.81174 within the first quarter of an hour. However, these gains were short-lived as by 01:20:02, the NZD had fallen to 0.8108. The rate then climbed back to reach 0.81123 by 02:40:02, showcasing the currency''s resilience. Despite the upward trend in the early hours, the NZD''s exchange rate hit its lowest point of the day at 0.80981 by 09:30:03. This downward tumble reflected an unstable period for the currency, where constant fluctuations were noted. The NZD pulled itself upwards later on the day, reaching a respectable 0.81121 by 11:35:02. The exchange rates fluctuated moderately for the next couple of hours, seeming relatively stable. However, the day was not yet over, and the NZD had more dips and peaks to go through. Between the hours of 16:10:02 and 18:15:02, the NZD once again experienced a series of drops below the 0.811 mark but rebounded each time, demonstrating a level of volatility and resilience. It reached the day''s high again at 20:10:02, hitting an exchange rate of 0.81153. The NZD made one final peak at 0.81137 before decreasing and closing the day at a rate of 0.81052 at 23:55:02. This day of drastic dips and sharp peaks paints a picture of a volatile NZD within the 24 hours. These unpredictable changes, while indicative of the NZD''s resilience, could also reflect the uncertain economic climate in which it operates. Given these unstable patterns, traders, investors, and stakeholders need to keep an eagle''s eye on future NZD performance. Frequent updates, comprehensive reports, and careful analysis will be needed for these individuals to make informed decisions. Looking forward will reveal if this is a trend for the NZD or a one-day occurrence. However, one thing is certain: the exchange market is no stranger to unpredictability, and the NZD just demonstrated it in 24 hours. NZD Demonstrates Unpredictable Exchange Rate Patterns In The Last 24 Hours

Current Middle Market Exchange Rate

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