2024-05-13 Colombian Peso News
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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
Overall Trend of the Exchange Rates
Upon first inspection of the data, it's observed that the exchange rates of COP with respect to some foreign currency (which isn't specified in the provided data) seems to maintain a fairly stable value over the depicted period. The value oscillates between 0.00034 and 0.00036. This lack of substantial fluctuation suggests a relatively stable economy during the observed timestamps, with minor fluctuations in the exchange rates.
Identification of Recurring Patterns or Seasonality
Regarding the search for any seasonality or recurring pattern, with the given data it can be a bit difficult to identify a clear pattern, especially one that's related to the time of the day, purely based on the exchange rate numbers. However, there seems to be no visible pattern that repeats daily. The fluctuations are minor and don't seem to follow an obvious trend line when comparing the rates at similar times on different days.
Identification of Outliers
Upon analysis, no significant outliers are found in this data set. There are no significant peaks or valleys, and the data remains within a confined range. The exchange rate varies slightly but not to such an extent that any value could be considered an outlier. So, the foreign exchange market for this particular currency pair appears to be stable during this period.
Considerations
- This analysis was made considering only the exchange rates changes and does not take into account external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports.
- Furthermore, this analysis does not generate any forecast for future rates as it only focuses on the historical data presented.
- The analysis might be more insightful and comprehensive with a larger dataset, especially if it covers a longer timespan or includes further economic indicators relevant to the foreign exchange market.
![COP Exchange Rate Records Unchanged Streak, Foretells Stability](http://currencymart.net/images/news/colombian-peso/2024-05-13/img-DOGZ8bJJBw35Hd2SFnHMZfmR.webp)