2024-04-24 Argentine Peso News
2024-04-23
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Exchange Rate Trend Analysis
From an initial glance at the data, there's a clear consistency in the value of ARS exchange rate. The rate remains at 0.00157 for the majority of time stamps, indicating a strong stability in the series. This means over the period shown, the exchange rates are neither generally increasing or decreasing, but remain relatively constant. Hence, there is no clear upward or downward trend in the ARS exchange rate over this period.
Seasonality and Recurring Patterns
Given that the data provided is constant and remains unvaried, it is challenging to discern any underlying seasonality or recurring patterns in the dataset. By definition, seasonality is a periodic fluctuation that happens regularly and predictably, which we do not observe in this dataset. The pinch of variance we notice is not recurring, and thus, we cannot establish any arguable pattern. Therefore, based on the dataset provided, it is accurate to conclude that there are no recurring patterns or specific seasonality effects in the ARS exchange rate within this timeframe.
Identification of Outliers
Outliers are data points that diverge significantly from the overall pattern of the data. In this data set, we only have two unique exchange rates that are 0.00157 and 0.00156. The very rare instances where the rate drops to 0.00156 could be considered as minor outliers in the exchange rate data, as these deviations are not in line with the majority of the dataset which stands at 0.00157. However, it's also important to note that this difference is incredibly small, and it does not differ significantly from the typical rate. Therefore, they can be considered mild outliers.
