2024-04-22 Colombian Peso News
2024-04-21
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
1. Overall Trend of Exchange Rates
Looking at the data, the overall trend of the exchange rates seems to be fairly stable. The value fluctuates between 0.00034 and 0.00036 most of the time. There is an increase from 0.00034 to 0.00036 around the 2024-04-04 10:00:03 timestamp, however, this increase does not seem to signify a shifting trend as the rate fairly stabilizes around the 0.00036 value thereafter. There are a few instances in which the rate drops back to 0.00035, but these instances seem to be temporary before the rate returns to 0.00036.
2. Seasonality or Recurring Patterns
As for seasonality or recurring patterns, there do not appear to be any definitive patterns in the data. There is no clear evidence of cyclic behavior related to a specific time of day or specific days of the week. There are occasional increases and decreases in the exchange rate, but nothing that aligns in a recurring or patterned framework. The behaviour does not seem to coincide with any sort of hourly or daily periodicity.
3. Outliers
Regarding outliers, there are no significant deviations from the average exchange rate that can be identified as outliers. The rate seems to fluctuate between 0.00034 and 0.00036 throughout the duration of the dataset, with no sudden or drastic changes that would classify as outliers. Accordingly, there are no major data points that significantly divert from the overall trend or pattern.
4. Limitations and Assumptions
Please note that this analysis is merely a description of the dataset and does not attempt to predict future exchange rates. It also does not consider external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports that could potentially influence exchange rates. Therefore, while the analysis provides a useful overview of the trend and patterns in the data, it is limited in its ability to explain why these patterns are occurring or to predict how they might change in the future.
