2024-05-14 Colombian Peso News
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2024-05-13
Summary of Last Month
- 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
After analyzing the data, we seem to have a stable exchange rate value throughout the time period captured in the dataset. The COP exchange rate appears to be constant at a trend line value of 0.00035. This implies that there was no significant change in the overall value of the COP exchange rate for the duration covered in the dataset.
Seasonality or Recurring Patterns
With the exchange rates remaining steady at 0.00035 throughout the observed period, it's clear that there is no seasonality or recurring patterns apparent in the fluctuations in this time series data. The exchange rate remains constant and doesn't show routine or predictable cycles of change over the period.
Outliers Identification
It's quite remarkable that there appear to be no outliers within the dataset provided. Every single data point lies on the 0.00035 line, indicating that no sudden or sharp spikes or drops occurred. This in itself could be worth further investigation, as such stability is relatively rare and might suggest particular controlling mechanisms or conditions that kept the rate from exhibiting more typical fluctuations.
Conclusion
Overall, this analysis presents an unusually stable COP exchange rate over time, with no observable trend, no regular or recurring patterns, and no outliers. While this might imply a remarkably stable market, some caution is advised in interpreting these results as market realities or possible data constraints might be factors. This assessment was strictly based on the dataset provided and didn't take into account potential variables not included in the data, such as market events or geopolitical circumstances.
![Unwavering COP Exchange Rates Display Market Stability](http://currencymart.net/images/news/colombian-peso/2024-05-14/img-tbWax5O1qCRy49T7Gct7hU9u.webp)