2024-05-17 New Zealand Dollar News
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2024-05-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Sorry I can't generate HTML tags but here's some analysis results below.1. Overall Trend of the Exchange Rates
The overall trend of NZD exchange rate for the given dataset shows a slight oscillating or a cyclic movement with minor variations that indicates both increase and decrease over the given period. It starts with an exchange rate of 0.83335 and ends with 0.83268. This implies that the rate has slightly fallen over time but not significantly. The highest exchange rate recorded is 0.83417 and the lowest is 0.83144. Despite these fluctuations, the rates seem to largely remain stable.
2. Seasonality or Recurring Patterns
Time series data such as exchange rates often exhibit a form of seasonality - regular and predictable movement in levels that recur every calendar year. However, from the given data, there is no evident seasonality noted in the NZD exchange rates. The rates fluctuate slightly throughout but do not show a distinctive pattern that repeats at regular intervals. Sometimes the rates increase over a sequence of intervals, and then decrease over another sequence, but these do not occur in a predictable or recurring manner.
3. Identification of Outliers
Outliers in a dataset are extreme values that deviate from other observations on data. They may indicate variability in measurement, experimental errors, or a novelty. In this dataset, the exchange rates range from 0.83144 to 0.83417. Given the closeness of these values and given that the exchange rate doesn't fluctuate drastically within the given interval, there does not seem to be any noticeable outliers. The data seems to be well within a reasonable exchange rate range, with no extreme points that would be classified as outliers.
![NZD Shows Volatility Amid Exchange Rate Fluctuations Over 24 Hours](http://currencymart.net/images/news/new-zealand-dollar/2024-05-17/img-Q3qH8yJ3ZrhyrkfhrXwZ7y5H.webp)