2024-05-10 New Zealand Dollar News
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2024-05-09
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 of Exchange Rates
From the preliminary examination of the dataset, there doesn't seem to be a strong trend in the NZD exchange rates over the time period given. The rate fluctuates around 0.824 to 0.826 for most of the period with occasional drops to around 0.823. It's worth noting that exchange rates are subject to numerous and often unpredictable factors, so this lack of a clear trend is expected. Also, considering that the dataset does not cover a substantial period (only one day is represented), it's difficult to accurately establish long-term trend analysis.
Seasonality or Recurring Patterns
Regarding the seasonality or recurrent pattern, it's challenging to determine from the data set provided which only represents a day's worth of data. In typical financial time-series data, detecting certain patterns, trends, or seasonality may require data spread across a longer period. However, one noticeable pattern is that the exchange rate often peaks about once an hour, although this isn't a rigid rule and wouldn't typically be considered a robust seasonal pattern.
Identifying Outliers
Regarding outliers in the dataset, they're typically identified as values that deviate significantly from other observations. In this particular dataset, the lowest value appears to be approximately 0.823 while the highest is around 0.826. These values, in comparison to the remaining dataset, cannot be classified as extreme or unexpected fluctuations given the nature of the foreign exchange market. Therefore, it seems there are no significant outliers in the dataset given.
![NZD Exchange Rate Experiences Notable Fluctuations Throughout the Day](http://currencymart.net/images/news/new-zealand-dollar/2024-05-10/img-5YUdx35lT01a7Y0uL5vImqMs.webp)