2024-05-03 New Zealand Dollar News
2024-05-02
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
After inspecting your dataset, it indicates a general upward trend in the NZD exchange rate over the specific period. The exchange rate began at 0.81349 and ended at 0.81574, showing a slight increase over that time. Though the increment isn't substantial, it does signal a trend in the positive direction.
Seasonality or Recurring Patterns
It's difficult to discern clear seasonality or recurring patterns in the given dataset without more sophisticated time-series analysis. However, there is some amount of fluctuation evident throughout the period. There isn't an obvious consistent pattern, but there are peaks and troughs which could suggest some level of cyclical behavior. To be sure, more sophisticated time-series analyses and models (like ARIMA or Holt-Winters) would be required.
Noteworthy Outliers
In terms of outliers, without a pre-defined acceptable range for the NZD exchange rate, it's difficult to classify any particular point as an outlier. Most of the rates fluctuated within a similar range, with the lowest being around 0.81217 and the highest at 0.81648. While these aren't extreme outliers, they do represent the minimum and maximum values within the dataset and are therefore noteworthy.
It is important to note that an 'outlier' is a complex determination in financial time-series data. Financial time-series data can be very noisy with high variability, and it's not unexpected to see significant movement in prices over short periods. Hence, a sophisticated outlier detection approach, possibly combining statistical approaches (like Z-score or Cook's distance), with domain knowledge would be necessary for robust outlier identification.
