Stable ARS Exchange Rate An Unusual Trend Worth Watching
2024-04-28
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis Methodology
An overview of the data and subsequent statistical analysis follows to investigate your three main objectives: understanding the rate trend, identifying seasonality or recurring patterns, and noting any outliers. This methodology includes studying descriptive statistics, visually analyzing the plot of the data, and examining the distribution.
Understanding the Overall Trend
The exchange rates appear to be relatively stable overall, with repeated fluctuations between 0.00156 and 0.00159. The lack of substantial increase or decrease in values across the timestamp range suggests a period of stability in the ARS exchange rate during this time frame.
Identifying Seasonality or Recurring Patterns
Upon initial inspection, there does not appear to be any clear or obvious seasonality or recurring patterns based on the provided dataset. It is not possible within this analysis to investigate any intraday patterns (whereby the exchange rate would exhibit patterns of change based on the time of day) due to the timestamps not following a consistent interval.
Noting Any Outliers
Given the relatively small variance in the values of ARS exchange rate, and the lack of any sudden spikes or drops, there do not seem to be any outliers in this dataset. All fluctuations between values appear to be within a normal range and are consistent with the established overall trend of stability.
Considerations and Limitations
- While this analysis provides a comprehensive, holistic overview of the provided dataset without considering any specific external events or factors, it's important to note that real-world financial data can often be heavily impacted by such factors.
- The lack of consistent intervals in the timestamps restricts a deeper understanding of possible temporal patterns or cycles.
- This analysis has not forecast any future rates. All conclusions made are solely based on historical data.