Summary of Last Month
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Analysis of the MXN Exchange Rate Dataset
Looking at the dataset, the time frame of the data spans one complete day, starting from midnight of February 26, 2024 and ending at the same time the next day. It can be noted that the sampling rate of the data is approximately every 5 minutes, except for a few instances where the gap is slightly bigger. The value of the exchange rate ranges around 0.07889 to 0.07911.
Overall Trend of Exchange Rates
Upon examining the data, there isn't a clear, definitive overall trend for this specific day. The exchange rate started the day at 0.07889, and ended it at 0.07902. This suggests a slight increase in the MXN exchange rate, but such a conclusion could be inaccurate if we take into account the intra-day variations. The values for the exchange rate displayed a wave-like pattern, with gradual increases and decreases throughout the course of the day.
Seasonality and Recurring Patterns
An accurate conclusion regarding seasonality or recurring patterns would require a larger dataset that includes data spanning across multiple weeks, months, or even years. However, based on the given one-day data, it's challenging to identify any distinct recurring patterns or seasonality. The provided data does show a certain degree of intra-day fluctuation, but whether this pattern repeats on a daily basis or it was the case for this specific day only, we cannot conclude with the current data set. More data would be needed to identify weekly and/or monthly patterns if they exists.
Outliers in the Data
There do not appear to be any significant outliers in this dataset based on the range of exchange rates provided, which is between 0.07889 and 0.07911. All the provided rates fall within this spectrum which suggests that there were no instances of extreme spikes or drops in the rates during the course of this specific day. This implies that the exchange rate remained fairly stable throughout the day, and any changes were incremental and relatively mild.
In conclusion, while certain observations can be made from this dataset, a more extended dataset is required to yield more accurate and comprehensive insights into overall trends, potential recurring patterns and seasonality, and to identify any significant outliers. Nonetheless, this analysis offers a foundational understanding of the intra-day movements of the MXN exchange rate for February 26, 2024.