Colombian Peso Forecast

Not for Invesment, Informational Purposes Only

Summary of Yesterday

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Statistical Measures

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    Understanding the Overall Trend of The Exchange Rates

    After reviewing the data, it can be observed that the exchange rate for the most part remains stable throughout the period under consideration. The rate of exchange started at 0.00035 and for the majority of the data points remained at 0.00035 until the end date. It can be seen that there is a very brief period where the rate slightly decreases to 0.00034, however it soon returns to 0.00035. But overall, there is no significant upward or downward trend noticeable. This suggests a largely stable exchange rate environment during this time period.

    Identifying Seasonality or Recurring Patterns

    Upon examining the data, there does not appear to be any identifiable seasonality or recurring patterns in the exchange rates. This is due to the unchanging nature of the exchange rate at 0.00035, with the adventure to 0.00034 being an outlier. There are no instances of repeated rises or falls in the rate that would suggest a pattern or seasonal trend.

    Noting Any Outliers

    The given dataset shows a minor outlier where the exchange rate fell to 0.00034 for a brief period and then returned to its common rate at 0.00035 afterwards. This could be considered as an outlier as it is a deviation from the general trend observed in the dataset.

Summary of Yesterday

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Statistical Measures

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  • Trend

    Overall Trend Analysis

    Based on the data provided, the exchange rate (COP) appears to remain fairly stable over the course of the day on February 28, 2024. It initially remained steady at 0.00034 until 02:15:02 when it increased slightly to 0.00035. This rate of 0.00035 persisted for the rest of the day. There is no significant upward or downward trend from the provided dataset.

    Seasonality and Recurring Patterns

    Regarding seasonality observations, a single day's data is typically insufficient to ascertain any robust seasonal pattern over days, months, or years. With more data, patterns related to specific times of day, days of the week, or seasonal variables could potentially be identified. That being said, the exchanges rate hovered around 0.00034 for the first few hours until it experienced a slight increase to 0.00035, which maintained through the rest of the day. There might be a pattern, but with the given data, it's not substantial enough to be concluded.

    Identification of Outliers

    An outlier in this dataset would be a significant deviation from the generally stable rate of 0.00034 or 0.00035. The provided dataset does not seem to contain any such outliers. All the values of the exchange rate are within the range of 0.00034 to 0.00035. However, it's important to consider that this conclusion is based on the dataset of a single day and not a wide range of dates.

    In conclusion, this basic analysis suggests a reasonably stable exchange rate for the COP on February 28, 2024. However, please note that a more comprehensive analysis would need to take into account data from a longer time period and possibly consider factors external to this dataset

Summary of Yesterday

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Statistical Measures

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  • Trend

Summary of Last Month

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Statistical Measures

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    Overall Trend of Exchange Rates

    Based on the provided data, the exchange rate has remained constant throughout the observed time period. The value has consistently been 0.00034, with no variation. There is no discernible trend of increase or decrease across the timestamps.

    Seasonality and Recurring Patterns

    Since the exchange rate has stayed constant over time, there are no observable recurring patterns or seasonality in this dataset. Typically, time-series data may show hourly, daily, or monthly patterns, but in this case, no such patterns can be identified due to the stability of the exchange rate.

    Outliers

    As the exchange rate has remained consistently at 0.00034, there are no outliers in the data set. An outlier would be a significant deviation from the common value, which we do not observe in this data.

Summary of Last Week

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Statistical Measures

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    Analysis of Exchange Rate Data

    The exchange rate data provided is for the COP currency over a period of roughly a month. This dataset is perfect for understanding the time series behavior of the exchange rate.

    1. Understanding the Overall Trend

    Based on the given dataset, it becomes clear that the exchange rate has remained stable throughout the given period. The rate of 0.00034 remains constant for a long period until it increased to 0.00035 on February 13, 2024, only to revert back to 0.00034 by February 14, 2024.

    2. Identifying any Seasonality or Recurring Patterns

    Given the available data, there doesn't seem to be any obvious seasonality or recurring pattern. This is primarily because the data does not fluctuate significantly. It is possible that a clearer pattern may emerge with more data points or over a longer time span.

    3. Noting any Outliers

    There are no clear outliers in the data provided. The exchange rate maintains consistent at 0.00034, apart from a transient spike to 0.00035 before moving back to 0.00034. This could potentially be an outlier, but given the minor fluctuation and a return to the consistent rate, it does not represent significant variance from the observed pattern.

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 of the Exchange Rates

    Upon evaluating the given dataset, it appears that the exchange rate (COP) remains relatively stable throughout the period. There are a few times when the rate slightly changes to 0.00035 from the usual 0.00034, but those instances are relatively rare and brief. The rate mostly fluctuates between these two points which indicates a trending stability in the exchange rate. Therefore, no major increase, decrease, or change is observed overall.

    Identifying Seasonality or Recurring Patterns

    As for the seasonality or recurring patterns, there is insufficient data to make a conclusive statement. However, a possible pattern on a daily basis can be noticed. The exchange rate experiences minor increases at around 09:00 and then tends to revert back to its standard rate. These instances seem to occur more often around this time, but the frequency isn't enough to conclusively determine a reliable daily pattern or seasonality.

    Outliers in the Exchange Rates

    In terms of outliers, there doesn't seem to be a significant amount of them. There are few instances where the exchange rate switches to 0.00035 but reverts back to 0.00034. These could be considered as outliers as they differ from the general trend. However, they are not drastically different compared to the baseline rate. Hence, these are weak outliers and do not significantly disrupt the observed trend of stability.

    Based on the given data and the absence of significant volatility, the exchange rates remain fairly consistent. Occasional fluctuations are observed but they do not exhibit a definitive recurring pattern or present significant outliers. Therefore, the exchange rate of COP appears to be quite stable within the time frame provided.

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

    Based on the provided dataset, there is a consistent exchange rate of COP at 0.00034 against the used reference currency over the given timestamps. The rate has not changed from 2024-02-23 00:00:02 up till 2024-02-23 14:55:01. This frequent and uniform timestamp data suggests that the exchange rate has been completely stable within this duration. There are no evident increases or decreases in the value of this specific currency exchange. Hence, it can be concluded that the overall trend of this exchange rate is static.

    Identifying Seasonality or Recurring Patterns

    Given the steady exchange rate provided in the dataset, there is no noticeable seasonality or recurring patterns. With the COP rate staying constant at 0.00034 against the reference currency throughout the entire series of timestamps, it doesn't show any variability or cyclicness that would be indicative of seasonality or recurring patterns.

    Noting Any Outliers

    In this context, outliers would typically be instances where the exchange rate dramatically deviates from the established trend. However, since the data provided does not exhibit any change over the entire timespan, it is impossible to identify any outliers, since there are none. Regardless of the timestamp, the exchange rate remains the same at 0.00034 in each row of the dataset.