2024-04-30 New Zealand Dollar News

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Follow New Zealand Dollar Forecast April 30, 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 Exchange Rates

From the data provided, the New Zealand Dollar (NZD) exchange rate has generally shown a fluctuating trend throughout the period. Although these fluctuations are not too dramatic and the rates seem to fluctuate within a relatively small range, there is no clear constant trend of increase or decrease. The NZD exchange rate started at around 0.81486 and ended near 0.81407. Therefore, the net change is almost negligible, suggesting that the rate has remained relatively stable over the period shown.

Seasonality and Recurring Patterns

Regarding seasonality or recurring patterns, time series data like this can prove challenging to manually discern visible patterns or cycles. If the data were averaged over regular intervals, such as daily or monthly, then there might be some discernible patterns. However, given the current high-frequency form of the data - down to five-minute intervals - the fluctuations appear more random and less cyclical, indicating no strong or obvious seasonality.

Outliers Assessment

The identification of outliers or abnormal data points based on the given data can be challenging. As previously mentioned, the NZD exchange rate oscillates within a relatively small range, showing no significant spikes or dips that might suggest the presence of outliers. Generally, without unexpected large-scale financial occurrences, exchange rates tend not to exhibit extreme changes within short periods.

Additional Considerations

It's important to remember that the forex market is highly complex and influenced by many factors such as economic indicators, geopolitical events, and investor sentiment. While this analysis does not take any of these external factors into account, due to their complexity and the limitations of the available data, they are critical elements to consider when performing an in-depth financial analysis.

Span The New Zealand Dollar (NZD) has recently experienced a volatile 24-hour trading period, according to the time-series financial data provided. Examining this series of fluctuating exchange rates on April 29, 2024, it is clear the currency has seen a series of ups and downs reflecting the dynamic and uncertain nature of global markets. Starting at midnight, the NZD exchange rate opened at 0.81486. The first half an hour recorded minute changes, a pattern which extended through the early hours of the morning. By the 02:05:02 mark, a slight decrease brought the exchange rate to 0.81392, only for it to slightly recover at the 02:15:02 timestamp. Throughout the morning, the exchange rate moved mostly sideways, reflecting steady markets. However, by 07:20:02, NZD soared to 0.81606, recording the highest point for the day up to this point. After touching this high, the exchange rate tumbled down to reach a minor trough at 0.81504 around 07:50:02. The exchange rate then showed significant recovery, peaking again at 0.81636 at 11:55:02. The steady rise through the morning hours reflected a certain degree of confidence in the NZD, showing potential recovery from the earlier tumble; a classic illustration of the roller-coaster nature of financial markets. The rest of the day held more surprises. As trading activity picked up in the afternoon, the NZD rocketed to 0.8168 by 12:40:02, before falling back to 0.81504 within the hour. This dramatic fluctuation underscores the intricate interplay of variables affecting the currency markets. Especially noteworthy is the precious two-hour span between 18:00:03 and 20:00:03. During this period, we saw NZD drop from 0.81681 to 0.8158, flagging a significant downfall in value. However, this big downfall was not the end, and the NZD managed to hold its ground to wrap up the day''s trading at 0.81407 by 23:45:02. What does this mean for traders and investors? The NZD''s volatile movements demonstrate the currency''s sensitivity to the varying factors influencing its valuation. It underscores the importance of traders staying alert and flexible, ready to respond to sudden shifts in the market. For future implications, it is crucial for traders and investors to keep an eye on global economic indicators, national data, and political stability, as these have a direct impact on currency exchange rates. In the face of such volatility, readiness to act and a diversified portfolio are essential tools to navigate an unpredictable trading environment.D Exchange Rates Experience Volatile Shifts Over 24 Hour Span The New Zealand Dollar (NZD) has recently experienced a volatile 24-hour trading period, according to the time-series financial data provided. Examining this series of fluctuating exchange rates on April 29, 2024, it is clear the currency has seen a series of ups and downs reflecting the dynamic and uncertain nature of global markets. Starting at midnight, the NZD exchange rate opened at 0.81486. The first half an hour recorded minute changes, a pattern which extended through the early hours of the morning. By the 02:05:02 mark, a slight decrease brought the exchange rate to 0.81392, only for it to slightly recover at the 02:15:02 timestamp. Throughout the morning, the exchange rate moved mostly sideways, reflecting steady markets. However, by 07:20:02, NZD soared to 0.81606, recording the highest point for the day up to this point. After touching this high, the exchange rate tumbled down to reach a minor trough at 0.81504 around 07:50:02. The exchange rate then showed significant recovery, peaking again at 0.81636 at 11:55:02. The steady rise through the morning hours reflected a certain degree of confidence in the NZD, showing potential recovery from the earlier tumble; a classic illustration of the roller-coaster nature of financial markets. The rest of the day held more surprises. As trading activity picked up in the afternoon, the NZD rocketed to 0.8168 by 12:40:02, before falling back to 0.81504 within the hour. This dramatic fluctuation underscores the intricate interplay of variables affecting the currency markets. Especially noteworthy is the precious two-hour span between 18:00:03 and 20:00:03. During this period, we saw NZD drop from 0.81681 to 0.8158, flagging a significant downfall in value. However, this big downfall was not the end, and the NZD managed to hold its ground to wrap up the day

Current Middle Market Exchange Rate

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