Summary of Last Week
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Initially, upon analysis of the data, it appears the dataset consists of timestamps along with the corresponding exchange rates (UYU) at that given time. This gives us time-series data that reflects changes in currency value over a certain period.
Over the given period, the UYU exchange rate appears to exhibit a generally downward or depreciating trend. This is evident as the rate decreases from around 0.03465 units on 2024-01-26 to around 0.03451 units on 2024-02-23. Thus, the UYU's value appears to be decreasing over this period.
Seasonality and Recurring Patterns
Identifying seasonality or recurring patterns in exchange rate data can be challenging due to the inherently volatile nature of currency markets. However, it appears that the rate exhibits some degree of volatility daily. This might suggest a daily pattern or cycle that could potentially be related to the regular opening and closing of global foreign exchange markets.
In this dataset, there seems to be no significant outliers. The exchange rate stays within a relatively narrow range throughout the observed period. It's important to note that lack of outliers doesn't mean an absence of key moments. It's just that those moments don't deviate significantly enough from the general trend to be classified as 'outliers'.
While no external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports were considered in the analysis, it's important to note that such factors can still have a significant impact on exchange rates in reality. For instance, the release of critical economic data can cause sudden and significant changes in exchange rates.
In summary, the UYU exchange rate appears to be trending downwards over the given period. The data seems to exhibit daily volatility, suggesting potential daily patterns or cycles. Lastly, no significant outliers were observed in this dataset. Please note that this analysis is based on the data provided and does not account for other potential influences on exchange rates.