2024-05-17 New Zealand Dollar News

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Follow New Zealand Dollar Forecast May 17, 2024
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Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

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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.

r 24 Hours In perhaps what could be described as a cyclonic storm in the world of financial exchange, the New Zealand Dollar (NZD) has experienced a series of fluctuations over a span of 24 hours on May 16, 2024. The opening time frame saw the NZD exchange rate at 0.83335, ending the day slightly lower at a rate of 0.83268, making it a significant day for currency analysts and international investors alike. The day opened with the NZD meandering on a slight downward slope. As of the beginning point at midnight, the NZD had a modest start with a rate of 0.83335, before the downward spiral took it gradually to 0.83284 by 00:50 AM. However, not all was gloomy for the currency. NZD sought to recover from its initial opening fall and surmounted a comeback at 02:25 AM whilst reaching a mark of 0.83278. Nevertheless, this comeback was short-lived as it slipped again to 0.83236 by 02:50 AM. While the currency struggled to maintain a steady ground, it exhibited a considerable drop reaching a rate of 0.83197 at 04:30 AM. This was anticipated by financial analysts who had been closely monitoring the market trends in recent times. Amid this variability in the market, the financial sphere saw increasing tension among the investors dealing in NZD. The exchange rate fluctuation comes amidst the ongoing global economic consternation and concerns over the stability of financial markets. However, a glimmer of hope was seen with a steady increase peaking at 0.83417 at 18:20 PM, only to wobble and close slightly lower at 0.83268 by midnight. This volatility throughout the day stands as a stark reminder of the unpredictable nature of financial markets. In wake of these events, financial experts warn investors to make wise and informed decisions when dealing in NZD or any other currency experiencing similar fluctuations. Looking forward, economists and investors will be closely observing the trends in the international financial market, particularly in relation to NZD. Expected economic data to be released in the coming week may have significant implications on the NZD and other currencies. The events of the day highlight the importance of constant vigilance in the financial market, reminding us once again that in the world of finance, the only constancy is change. NZD Shows Volatility Amid Exchange Rate Fluctuations Over 24 Hours

Current Middle Market Exchange Rate

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