2024-05-02 New Zealand Dollar News
2024-05-01
Summary of Yesterday
- 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
Examining the trend of the NZD exchange rates over the time series data that is provided, there is no significant directional trend that can be observed. The data does display marginal fluctuations, but it appears to be remaining relatively stable in the 0.81 range for the duration of this dataset. It's important to note that while the overall trend seems to be stable, the dataset does have several peaks and valleys, indicating smaller fluctuations within the larger trend.
Identifying Seasonality or Recurring Patterns
Seasonality and recurring patterns in data are usually determined over longer spans of time - typically spanning across years. However, in the given dataset which is a single day's observation, it's hard to conclusively determine such patterns. On this specific day, there's a steady oscillation in the exchange rates. The rates are showing small short-term fluctuations, which might hint at a recurring pattern during the day, but without more data, it's hard to provide a solid conclusion.
Noting Outliers
Based on the given data, there aren’t any significant outliers in the NZD exchange rates. While there are some instances of larger jumps or drops in the exchange rate within the data, none of them seem to deviate wildly from the mean, and they world likely not be classified as extreme outliers when looking at this data in terms of usual exchange rate volatility.
However, an unusual point was noted at 14:00:02 where the rate dramatically dropped to 0.8087 from 0.81391 and quickly returned to 0.81345 in the next timestamp. Although this could merely be a natural fluctuation, this should be investigated further for factors that might have caused such a dip.
Please note that the analysis provided is purely based on the provided historical data of exchange rates, without considering any other external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports.
