2024-05-21 Rand News
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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
1. Overview of Exchange Rate Trends
Based on the provided data, it is evident that the ZAR exchange rate fluctuates within a relatively tight range from 0.07451 to 0.07514 during the period represented. It indicates a level of stability in the exchange rate, though minor ups and downs are present. There isn't a clear trend of consistent increase or decrease over the time period.
2. Seasonality or Recurring Patterns
Upon close analysis, there appear to be small fluctuations within regular intervals in the exchange rate which might suggest a degree of seasonality or cyclicity. However, the time intervals in the data provided may not be long enough for a definitive seasonal pattern to be identified. Furthermore, due to the high frequency of the data (almost every 5 minutes), it's challenging to clearly identify daily patterns. A more extended time series dataset might be required to understand underlying cycles more accurately.
3. Outliers or Significant Deviations
In the given dataset, there are no significant outliers or drastic deviations in the exchange rate that might suggest an anomaly. The rate fluctuates within a very tight band. There may be potential 'micro-trends' lasting a few hours where the rate gradually rises or falls, but these do not represent sharp or outlier deviations from the overall trend. It is essential to take these micro-trends into consideration while making short-term financial decisions as they best represent the given data's nature.
For even more effective financial analysis, considering external factors like market open/close hours, weekends, key financial news, and geopolitical events can give a holistic picture of potential impacts to the exchange rate. However, as per the request, these factors haven't been taken into consideration in the above analysis.
![ZAR Exchange Rate Witnesses Intriguing Fluctuations Over a 24-hour Period](http://currencymart.net/images/news/rand/2024-05-21/img-G7ZukrTGJV5qnXJq2QRcpMO1.webp)