2024-04-24 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

The overall trend of exchange rates appears to be relatively stable over the time period. The NZD exchange rate showed minor variations, wavering between approximately 0.8090 and 0.8125. While the currency does experience rises and falls, there is no clear increasing or decreasing tendency over the period, indicating that it may be relatively stable.

Seasonality and Recurring Patterns

In terms of seasonality and recurring patterns, this would often refer to a key time period where the exchange rate consistently increases or decreases. However, from the dataset provided, it's hard to detect any clear seasonal trends or recurring patterns at a glance, suggesting that such changes might be more random or linked to external factors not included in the data.

Outliers

Looking at the data, an important note to make is that there aren't any outliers that notably deviate dramatically from the majority of the data. No sudden spikes or drops are evident, with the rate remaining relatively confined within its established highs and lows. However, outliers could still occur if one were to analyze the data in more detail or accumulate the data over a more extended period.

1> The New Zealand Dollar (NZD) saw a wave of volatility over the last 24 hours, with its exchange rate going through a series of rises and dips. The market opened with the exchange rate at 0.81051, experiencing fluctuations throughout the day, and closing at a slightly improved position of 0.81225. Throughout the 24 hour period, the NZD remained above the 0.809 mark, peaking at 0.81249 around 21:20 before closing at 0.81225 by the end of the day. This indicates a slight net positive movement over the course of the day. Despite the minor fluctuations, the NZD managed to stay relatively stable for most of the day with minor shifts. One of the most notable movements occurred around 16:05, when the NZD hit a day-high of 0.81153 and then abruptly fell to 0.81086, reflecting a highly volatile market environment due to unexpected developments. As the daylight-hours moved forward, the NZD saw an overall increase in its exchange rate. The market woke up at 7am with an exchange rate of 0.8104, however, by 9am, it surged up to 0.8115, achieving the 0.8121 mark by 9:10. The slight dip afterwards to 0.81078 was short-lived as it again climbed back to 0.81101 by 10:05 and fluctuated around the 0.811 range. The NZD’s exchange rate in the late night hours presented an upward trend. Around 23:25, the NZD hit 0.812 and maintained the momentum, closing the day at a promising 0.81225. This fluctuation trend is typical of currency markets and is influenced by a number of factors. These include geopolitical events, macroeconomic indicators such as interest rates and inflation, and market sentiments. Foreign exchange is one of the most liquid financial markets, resulting in high volatility and rapid price changes. The present analysis of the NZD should be of particular interest to those participating in NZD traded assets or planning liquidity provisions in NZD. Using exchange data gathered over the last 24 hours to interpret these dynamics can provide valuable insight into the NZD''s potential future movements. Looking ahead, the NZD''s exchange rate could continue to fluctuate because of the interplay of multitude market factors. Traders and investors are advised to keep a keen eye on global economic settings, which can have significant bearing on the NZD''s value. As the market moves forward, understanding these trends and the operational mechanics of the currency market become critical for effective decision making.NZD Exchange Rate Witnesses Fluctuation Over 24 Hours

Current Middle Market Exchange Rate

For information purposes only.