2024-05-16 Chilean Peso News
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2024-05-15
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend
Upon analyzing the provided time series data revolving around exchange rates, one can conclude that they remain noticeably consistent throughout. The CLP exchange rate remains steady at 0.00149 for a substantial portion in the beginning. It wasn't until late into the dataset that we observe a slight increase to 0.0015. This essentially suggests a stable trend in the exchange rates over the provided time period.
Seasonality and Recurring Patterns
When it comes to identifying seasonality or recurring patterns within this dataset, it's relatively challenging due to the constancy of the rates. Since no significant fluctuations can be observed in the intervals, it can be inferred that there is no clear seasonality or recurring pattern in the exchange rate data for the given timestamps.
Outliers and Unusual Fluctuations
In the subject of outliers or instances where the exchange rate differs significantly from the trend, it is important to highlight that this dataset does not indicate any prominent anomalies. The CLP exchange rates seem to follow a relatively uniform pattern without any distinct deviations or irregularities. However, it's worth mentioning the small increase to 0.0015 towards the end of the dataset is somewhat of an outlier considering the prolonged steadiness at 0.00149. But this variation doesn't appear to be significant enough to classify as an outlier.
In summary, this dataset of exchange rates exhibits a stable trend with no discernible seasonality or recurring patterns. The slight increase tracked towards the end might indicate potential for changes, but it doesn't differ radically from the established trend.
![Steady Stability in CLP Exchange Rate Evokes Market Confidence](http://currencymart.net/images/news/chilean-peso/2024-05-16/img-wT1tMJpbqnuKWjW46A9hylHj.webp)