2024-04-29 New Zealand Dollar News

Summary of Last Week

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Statistical Measures

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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.

onth of April The month of April 2024 has brought about buffeting waves for the financial market, particularly for the New Zealand Dollar (NZD) exchange rate. This currency has experienced a string of glaring fluctuations, witnessing swings that have had an energizing effect on the market. The data acquired shows the capricious nature of the NZD exchange rate over the last few weeks. Starting from the end of March 2024, the rate was notably stable around the value of 0.8094. As the days progressed, market players noted small but steady increases pushing the rate upwards to a peak of 0.82398 during the first week of April. However, this was shortly followed by a surprisingly sharp decline, bringing the rate down to a monthly low of 0.80744. This rapid fluctuation created a wave of uncertainty and speculations among traders, analysts, and other economic observers. The unpredictable shifts in exchange rates, as indicated by the data, are signs of a turbulent and dynamic environment in the currency exchange marketplace. These numbers demonstrate the effects of various factors--such as geopolitical events, economic indicators, and changing monetary policies--on currency valuation. Experts note that such bouts of high volatility can present both risks and opportunities for investors. Traders can make hefty profits from accurate predictions of market movements. However, they can just as quickly incur significant losses in the face of unexpected turns, underlining the need for caution and strategic decision-making during these restless periods. The observed volatility in NZD exchange rates also holds broader implications beyond individual investors'' profits or losses. It can impact the New Zealand economy, affecting import and export prices and influencing foreign direct investment (FDI). In turn, this could sway economic growth and development strategies at a national level, highlighting the complex and interconnected nature of international finance. Looking ahead, market spectators should keep a close eye on upcoming economic indicators and announcements that could suggest future NZD movements. These could include domestic economic health metrics, such as GDP figures and unemployment rates, as well as international developments—including those related to trading partners such as Australia, China, and the United States. Although predicting the currency market with exact precision is impossible, being aware of these influential factors can help market participants stay ahead of the curve. April''s NZD exchange rate flux undeniably serves as a powerful reminder of the ever-changing and thrilling nature of the financial market. It represents a learning opportunity for traders and a call for meticulous market surveillance. NZD Exchange Rate Experiences Wide Fluctuations in the Month of April

Current Middle Market Exchange Rate

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