NZD Experiences Turbulence in April 2024
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2024-05-12
Summary of Last Week
- 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
The overall trend of exchange rates concerning the NZD demonstrates a slight downward trend from 0.82009 on 2024-04-12 to 0.82281 on 2024-05-10. However, the downward trend is not a drastic one and the rate fluctuates throughout this period. Despite certain occasional spikes and falls, no consistent upwards or downwards pattern is not significantly prominent throughout the time series.
Seasonality or Recurring Patterns
From the given dataset, identifying any clear seasonality or recurring patterns is challenging since the data only spans less than a month. However, there appear to be minor fluctuations during specific time frames which might suggest some daily patterns. For a more accurate identification of recurring patterns, we would ideally need data that spans across multiple years which would then be decomposed into seasonality, trend and residuals.
Outliers in the Exchange Rates
A couple of unusual peaks and valleys can be noticed throughout the data, which might be considered as outliers, where rates differ significantly from their neighbouring points. An example is the peak on 2024-05-03 around 08:00 AM where it sharply rises to 0.82282. After this, the following points on the same day show a downward trend again, which suggests this might be an abnormal spike. Since outliers can distort the overall picture of the data, they are usually addressed or removed before further analysis or modelling. However, without further data, it is difficult to definitively identify these points as outliers.
Please note that this analysis purely focuses on the given numerical data and does not account for external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. A more comprehensive analysis would ideally consider such external factors as well.
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