2024-04-19 Balboa News
2024-04-18
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overview of Exchange Rates Trends
Based on the time series dataset provided, there was a fluctuation in the PAB exchange rate throughout the period under examination. The rate began at 1.37953 and gradually declined, reaching a low of 1.37518 before increasing to a maximum of 1.38009. Following this, it saw a sharp decrease to 1.37252, then fluctuated towards the end of the period, ending at 1.37315. Overall, the trend seems to display cyclic patterns of rises and falls without a consistent increase or decrease.
Seasonality and Recurring Patterns
From the dataset, there seem to be some potential patterns in the fluctuations of the exchange rate. In particular, there are periods of relative stability where the exchange rate remains nearly constant, interrupted by periods of more significant increases or decreases. This may suggest potential seasonality, or response to recurring factors not included in this dataset, such as cyclical economic events. However, without more specific data such as the days of the week or months of the year, it is challenging to identify a clear seasonal trend.
Outliers and Unusual Observations
In terms of outliers, there is a noticeable sharp decrease from 1.3774 to 1.37252. This sudden and significant drop deviates from the general trend observed in the data. Such anomalies could be associated with various unexpected incidents or events in the financial world, such as news announcements, policy changes, or market disturbances.
In conclusion, the PAB exchange rate seems to fluctuate within a certain range with instances of sharp increases and decreases. No consistent upward or downward trend is observed, suggesting that the exchange rate may be influenced by various unpredictable factors.