Costa Rican Colon Forecast

Not for Invesment, Informational Purposes Only

Summary of Yesterday

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Statistical Measures

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    Overall Trend Analysis

    The analysis indicates that the exchange rates were relatively stable over the period shown. The rate consistently hovered around 0.00264 and 0.00265 through the entire timestamp, suggesting a steady, unchanging trend. There were slight changes in the exchange rates, but these changes were so minute that they did not exhibit a definite increase or decrease trend. Hence, the overall trend of the exchange rates remains relatively stable and consistent.

    Seasonality and Recurring Patterns Analysis

    Given the stability of the rates, significant seasonality or recurring patterns were not evident in the provided dataset. Such patterns often present in the data as regular, predictable changes in rates which recur every calendar year, month, week, day, etc. However, the currency rates in this dataset did not exhibit notable repetitive or cyclical patterns within the analyzed timeframe. Therefore, it is reasonably concluded that there is no strong seasonality or recurring patterns identifiable in the exchange rates.

    Outliers Analysis

    Nearly all of the data points strictly adhere to the range between 0.00264 and 0.00265. The instances where the exchange rate differs significantly from the discussed range (higher or lower) would be considered outliers. In this data, there were no such instances of significant deviation from the general trend of 0.00264 to 0.00265. Thus, no outliers can be identified in the exchange rates data.

    In conclusion, the exchange rates data over the period analyzed showcases a consistently stable trend with insignificant fluctuations, suggesting a robust and steady exchange rate condition between the concerned pairs. The lack of seasonality or recurring patterns and the absence of any outliers further reiterate the trend stability.

    Please Note

    The interpretation above is solely based on the provided dataset as per the instruction. No consideration has been given to external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. This instruction also prompts the interpretation of the current and past trend, without any indication of future forecasting.

Summary of Yesterday

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Statistical Measures

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    1. Understanding the Overall Trend

    After careful inspection of the dataset, the overall trend of the exchange rate seems fairly stable. The value fluctuates mainly between 0.00263 and 0.00265 through the time series. Although there is a slight increase in exchange rates reaching 0.00265 towards the end of the time series, overall the changes appear minor and relatively steady.

    2. Identifying Seasonality or Recurring Patterns

    In terms of any evident seasonality or recurring patterns within the exchange rates, the data does not show significant repeating patterns either on a daily or hourly basis. The exchange rate remains within the same small range and does not show signs of hitting highs or lows at specific times throughout the course of the day.

    3. Noting Outliers or Significant Instances

    As far as outliers are concerned, they do not appear to exist in this dataset. The exchange rates hover within a very narrow band. Any notable differences in the exchange rate are minimal, and are within the same thousandth place. Therefore, it can be asserted that there are no substantial outliers where exchange rates vary vastly from the general trend that has been noted.

    Conclusion

    In summary, the exchange rate remains largely stable within the period of data provided, showing slight movement within a very tight range, with no significant outliers noted.

Summary of Yesterday

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Statistical Measures

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Summary of Last Month

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Statistical Measures

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    Understanding the overall trend of the exchange rates

    The data provided shows an mostly stable trend in the exchange rates over the period represented. The rate starts at 0.00262 at the beginning of the time period and sees two minor increase to 0.00263. Most of the time the exchange rate seems to be fairly stagnant at around 0.00262.

    Despite these small fluctuations, the overall value of the rate doesn't change much over the course of the given timeframe, suggesting that the exchange rate is relatively steady.

    Identifying any seasonality or recurring patterns

    Based on the data provided, there doesn't appear to be a noticeable seasonality or recurring pattern in the exchange rates. The two increases to 0.00263 don't immediately follow a specific time frame, and there don't seem to be any other regularly recurring patterns in this data series. Therefore, it is challenging to discern a clear pattern of behavior.

    Noting any outliers

    In this set of data series, no significant outliers are visible. The rates lie between 0.00262 and 0.00263, a very narrow range. Any changes in the rates are minimal and they return to the main level very quickly. In conclusion, there’s no rate that significantly differs from the overall observed range.

    In conclusion, the timeseries data of the exchange rates show a stable trend, without any visible seasonality, recurring patterns or significant outliers. The rates are mostly stable with a very slight increase at two moments in the period, but the general variability is very low.

Summary of Last Week

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Statistical Measures

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    Understanding the Overall Trend of the Exchange Rates

    The overall trend of the CRC exchange rates slightly varies throughout the given timeframe. It starts at 0.00262 at the beginning of the data set on 2024-01-26 and ends at 0.00262 on 2024-02-23. Despite minor ups and downs in between these dates, the overall trend appears to remain relatively stable, as there's no substantial increase or decrease observable in the given period.

    Seasonality or Recurring Patterns

    Deeper analysis of the CRC exchange rates shows day to day variability but does not indicate a clear seasonal or cyclical pattern. However, without information about the factors causing these variations, it's hard to establish if they represent regular fluctuations or are caused by certain outlier events. A more extended dataset would be helpful for better establishing patterns, as the current one covers less than a month, which may not be sufficient to reveal some more extended seasonality patterns.

    Noting Any Outliers

    The range of rates in the dataset is quite narrow, between 0.00259 and 0.00263. Given this limited range, there would appear to be no extreme outliers in the provided dataset. There are occasional little spikes and drops in the exchange rate, however, these deviations are not substantial enough to categorize them as significant outliers. They seem to be part of the normal variability of the exchange rates in the given timeframe.

    Disclaimer

    These observations are made based on the provided dataset alone. The analysis does not consider external factors like market opening/closing hours, weekends/holidays, and the release of key financial news, or reports that could significantly impact exchange rates. Also please note, this analysis is not predictive and doesn't forecast future rates.

Summary of Yesterday

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Statistical Measures

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    Overall Trend Analysis

    The exchange rate (CRC) seems to be slightly increasing in the period covered by this dataset. The rate begins at 0.00261 at the first timestamp (2024-02-19 01:00:02) and ends at 0.00262 on the final timestamp (2024-02-23 14:00:01). Though the increase is very minor, a general upwards trend can be observed.

    Identifying Seasonality and Recurring Patterns

    Throughout the provided time series data, it is difficult to observe any seasonality or recurring patterns in the exact value of the exchange rate. The rate changes are very micro fractional. It does, however, seem that the rate experiences slight increases every few days (0.00261 to 0.00264 on 2024-02-19 to 2024-02-21), and then decreases slightly (0.00264 to 0.00261 on 2024-02-21 to 2024-02-22). This pattern requires further investigation with a larger dataset for validation.

    Outliers in the Data

    Given the scale and gradual changes in the exchange rate, there don't appear to be any significant outliers within this dataset. The rate changes typically range between 0.00261 and 0.00264, very minor changes. Thus, no significant deviation is observed.

    Please note, for a more accurate analysis, it would be beneficial to consider external economic events or news that may have influenced these exchange rate values. Additionally, though not requested in this specific task, predictive modeling and forecasting techniques could provide more insights and extend the analysis into future exchange rates.

Summary of Yesterday

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Statistical Measures

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    1. Understanding the Overall Trend

    An initial observation of the given dataset shows that the time-stamped CRC exchange rate primarily stays constant at 0.00261. Minor fluctuations are seen sporadically, especially around the timestamps of 03:35am to 04:00am, where the rate increases slightly to 0.00262. This slight increase in the exchange rate again persists through 06:20am to 09:00am, and reappears in the later hours of 10:20am through 10:30am. After this, the rate returns back to its once constant rate of 0.00261 and continues at this rate until the end of the dataset.

    2. Identifying Seasonality or Recurring Patterns

    The dataset does not offer a wide enough range of fluctuations within the CRC exchange rates to firmly establish any seasonal trends or recurring patterns. As stated previously, the rate stayed constant at 0.00261 for the most significant part of the observed period. The minor fluctuations were too infrequent and random to classify them as a reliable repeating pattern.

    3. Noting Any Outliers or Significant Diversions

    Given the stagnant nature of the dataset, it's difficult to point out any outliers or significant diversions from the "norm". However, increments in the exchange rate to 0.00262 at scattered timestamps, especially during early morning and late-night periods may be deemed as slight diversions from the otherwise constant trend but cannot be termed as significant outliers.

    Conclusion

    The exchange rate for CRC in this dataset mostly remains stable and consistent at 0.00261. Few instances occur where the rate temporarily rises to 0.00262 before returning to the base value. These fluctuations don't follow a certain repeating pattern and are too inconsequential to be regarded as significant outliers. As per your specifications, no external factors have been taken into account for this analysis.