2024-04-29 New Zealand Dollar News
2024-04-28
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the overall trend of the exchange rates
Analysing this dataset, there appears to be a general upward trend in the NZD exchange rates over the given period. The data starts with a value of 0.8094 on 2024-03-29 02:00:02 and ends with a value of 0.81226 on 2024-04-26 14:00:01. That is, the value of the NZD has increased with respect to the concerned currency. However, this increase isn't constant or linear but shows many fluctuations – there are periods of both rapid increase and decrease within the overall upward trajectory.
Identifying any seasonality or recurring patterns
In terms of seasonality or recurring patterns, it is important to note that foreign exchange rates such as the NZD exchange rate are influenced by a multitude of factors. These include the interest rates, economic growth, political stability etc. of the respective countries. From the given dataset, without specific information about what time span it covers (eg: daily, monthly, yearly), it is difficult to clearly identify a seasonal pattern.
A better way to identify seasonality would be to analyse the data based on time-points such as every 24 hours or weekly. If the data represented daily exchange rates over several years, we could look for annual patterns. But given the data here, it is challenging to conclusively identify any recurring patterns.
Noting any outliers
Considering the exchange rates across the given timestamps, there are several notable peaks and dips. These could be considered as outliers as they represent a significant change in the exchange rate in a short span of time. One such instance is on 2024-04-03 12:00:03 where the exchange rate is 0.81236 and on 2024-04-04 02:00:02, the exchange rate drastically increased to 0.81556. Again on 2024-04-18 22:00:02, the exchange rate was 0.80871 which shows a steep decline compared to the exchange rate (0.81231) at 2024-04-18 20:00:03.
These outliers could be due to any number of factors including economic events, policy changes, or market sentiments, and indicate periods of high volatility in the market.