2024-04-23 Zloty News
2024-04-22
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
Overall Trend of the Exchange Rates
The overall trend of the exchange rates is predominantly downward. Starting from an initial rate of 0.33999 at the beginning of the time period, the PLN rate has generally decreased over the period, finishing at 0.33817 at the end. The downward shift has been gradual and only slight, showing a small but consistent depreciation in value. However, throughout there were small periods of appreciation which were then invariably followed by a depreciation.
Seasonality or Recurring Patterns in the Changes of Exchange Rates
There seems to be a daily cycle where the exchange rate is relatively more volatile during certain periods, followed by more stable periods. This could be potentially correlated with the opening and closing times of major global foreign exchange markets. Furthermore, there also seems to be slight weekly patterns where the rate tends to be relatively more stable at the start of each week, and more variable later on. However, more data would be needed to establish a clear seasonal pattern.
Outliers in the Exchange Rates
There are some instances where the exchange rate undergoes larger changes compared to the average change. These instances can be seen as outliers compared to the general trend. However, these seem to occur infrequently and make up a relatively small portion of the data points, indicating a general stability in the exchange rates.
It is also noteworthy that these larger fluctuations do not seem to disrupt the overall downward trend of the exchange rates. Following these instances, the rates have generally returned to align with the prevailing trend quickly.
In conclusion, the analysis shows that the exchange rates experience a relatively consistent downward trend over the period, with a few instances of significant changes. While there are certain recurring patterns regarding the volatility of the rates, these do not translate to predictable changes in the rates themselves.