2024-05-13 Chilean Peso News
2024-05-12
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 of the CLP Exchange Rate Dataset
The dataset provided gives us crucial insights into the changes of CLP exchange rates over time as per different timestamps. The comprehensive analysis of the dataset provides a better understanding of the overall trend, seasonality, and any anomalies that might be present.
Understanding the overall trend in exchange rates
In order to understand the overall trend, the dataset was parsed chronologically. The CLP exchange rate started at 0.00144 and it continued stagnant till a subtle dip to 0.00143 was acquired. This represented a very slight dip in the value. The rate further dipped to 0.00142, maintained a while, and further dipped to 0.00141 as the dates approached mid-April. The lowest rate of 0.0014 was observed in mid-April. The rate increased back to 0.00144 by April 19 and maintained close to 0.00144 with slight fluctuations till April 30. Interestingly, we observe a slight uptick in the exchange rate in May, reaching a maximum of 0.00148 on May 9. By observing the dataset, we can infer that the CLP exchange rate generally hovers around 0.00144 with slight fluctuations and showed a slow incremental trend in the given period.
Identifying any seasonality or recurring patterns in the changes of exchange rates
Time-series data can demonstrate different kinds of seasonality, including hourly, daily, weekly, monthly, or annually. Though this dataset doesn't present any set pattern of seasonality, there's a certain regularity in its fluctuations. The pattern suggests a cyclic repetition in the increment and decrement of the rate but not with a consistent frequency or interval. Therefore, it has a non-seasonal fluctuation pattern.
Noting any outliers
An outlier in a dataset is an observation that lies an abnormal distance from other values. The provided data set does not show any such anomaly or significant deviation. The smallest value is 0.0014, and the largest is 0.00148. Though these are the minimum and maximum values respectively, they still reside within close proximity considering the scale of values, hence don't qualify as outliers based on this dataset.
In conclusion, while the dataset offers rich insights into the variation of the CLP exchange rate for the given period with a non-seasonal fluctuation pattern, no significant outliers are observed.
