2024-05-21 New Zealand Dollar News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis Results
Here's a step-by-step analysis of the provided time-series data.
1. Overall trend in the data
Upon analyzing the data, it can be observed that the overall trend of the exchange rate is in a slightly downward direction. The NZD exchange rate started at 0.83379 and ended up at 0.83208. This shows that there is a slight decrease in the NZD exchange value over the given period, albeit with numerous fluctuations throughout the dataset.
2. Seasonality or recurring patterns
The data does not seem to contain obvious seasonal or recurring patterns. The fluctuations in the exchange rate are consistent throughout the entire period, without displaying any distinct regularity or repetition. However, this does not rule out potential patterns at a more granular level, and such patterns might be detected with additional data or advanced time-series analysis methods.
3. Noteworthy outliers
There are several instances where the exchange rate changes more significantly, which potentially could be outliers. Examples are at times '2024-05-20 21:10:02' where the rate suddenly increased to 0.83186 from 0.83156 and '2024-05-20 21:15:03' where the rate then quickly dropped to 0.83174. These instances are noteworthy and do not align with the rest of the trend showing fairly stable fluctuations.
However, the definition of an outlier can vary greatly depending on the context, and in this context, such changes might be part of the normal variations in exchange rates.
Summary
Ultimately, your data shows a slight downward trend in the NZD exchange rate with no clear seasonality or recurring patterns. There were some possible outliers present where the rate changed significantly within a short time range. As always, external factors, different time scopes, or other features might provide additional insights or alter these initial observations.
![Slight Fluctuation in NZD Exchange Rate Triggers Market Speculation](http://currencymart.net/images/news/new-zealand-dollar/2024-05-21/img-E9Y5fl3zRHGsc0CgBnQ3qTRG.webp)