2024-05-01 New Zealand Dollar News
2024-04-30
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 Examination of the NZD Exchange Rates
Looking at the given dataset, the data is seen to start at a value of 0.81391 and it ends at 0.81126. This gradual decrease suggests a slight descending trend in the NZD exchange rate over the time period captured by this dataset. However, the changes appear to be minor, which indicates some degree of stability in the rate alongside this minor downward trend. Therefore, the overall trend can be described as stable with slight depreciation.
Seasonality and Recurring Pattern Identification
Regarding the seasonality aspect or any recurring exchange rate patterns, such analysis usually requires a visual inspection or a more detailed data analysis, which isn't possible with the given text format. However, if the data is observed at equal intervals (like daily, weekly, or monthly), some minor fluctuations may indicate possible patterns or seasonal trends. It is important to note that currency exchange rates are highly susceptible to various economic indicators, international events, market sentiment, etc., which could lead to certain periodic patterns obscured or distorted.
Outliers Detection
By checking the minimum and maximum values within the data, no significant exchange rate outliers have been noticed in the given dataset. The value range seems pretty narrow, between 0.80977 and 0.81443 for the NZD exchange rate. This narrow range suggests there aren't significant spikes or drops in the exchange rate, hence no noticeable outliers. However, a more detailed statistical analysis could offer a finer detection of any potential outliers in the dataset.
Please note that without considering external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports, these insights are based solely on basic analysis of the numeric data provided and this trend analysis may not apply for future rates.