2024-05-22 New Zealand Dollar News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend
Looking at the dataset, the overall trend indicates fluctuations in the exchange rate values of the NZD. However, when observing the data from a broader perspective, there appear to be increased NZD values especially evident around the timestamp "2024-05-21 21:05:02", where NZD reaches its highest point at 0.83753. By the end of the dataset, the NZD value drops to 0.83458 which is closer to the initial value.
Identifying Seasonality or Recurring Patterns
As a financial expert, we know that exchange rates are influenced by huge number of factors and it's difficult to identify any recurrent pattern or seasonality from the given data set. However, a thorough time series analysis maybe able to pick up daily patterns, provided the data includes a longer time period.
Noting Any Outliers
Outliers are defined as observations that lie an abnormal distance from other values. From a quick glance at the data provided, a notable spike in the NZD exchange rate value seems to occur around "2024-05-21 21:05:02" with a value of 0.83753. This is significantly higher compared to the values immediately before and after this timestamp and thus can be considered as an outlier. Further detailed statistical analysis may be required to quantify and confirm these outliers.
To summarize, the dataset demonstrates fluctuations in the NZD exchange rates over the given time period. From this dataset, we see a notable maximum and some potential outliers. However, without considering external factors and without a larger dataset, it's difficult to identify any substantive recurrent patterns or seasonality in the rates. Please note, that this analysis is purely descriptive and based on the historic data provided. It does not take into account external factors that can significantly affect exchange rates, such as economic indicators, financial news, geopolitical events, etc. Therefore, it does not imply or provide any prediction of future NZD exchange rate.![NZD Sees Significant Uptick After Turbulent Day](http://currencymart.net/images/news/new-zealand-dollar/2024-05-22/img-EVU4xzYKzCENeR4Xw0gQvkoq.webp)