2024-05-15 Colombian Peso News
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2024-05-14
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 of the exchange rates
Based on the time series data provided for the specific timestamps, the exchange rate (COP) remains completely constant over the time period. The rate continues to stabilize at 0.00035 without any increase or decrease. This constant rate suggests a period of extraordinary stability in the exchange rate, or it could indicate an issue with the data collection process, as it is unusual for a currency exchange rate to remain absolutely unchanged for such an extensive period.
Identifying any seasonality or recurring patterns in the changes of exchange rates
As the same exchange rate (0.00035) persists throughout the entire time period provided, no discernible seasonality or recurring pattern can be detected in the data. Since the rate does not fluctuate, we can not identify any periods of rise or decline that could suggest a seasonal pattern.
Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality.
Regarding this particular dataset, since the exchange rate remains the same throughout the timeframe, there are no instances of significant deviations or outliers from the established trend (0.00035). The rate shows zero variance, meaning that no single data point disrupts the constant rate.
Final Remarks
The given data analysis results are quite unconventional for exchange rate time series data. These findings could either indicate an extraordinarily stable currency during the examined period or potential issues with the data collection process. These constant values prevent us from performing in-depth trend or seasonality analyses for the given timestamps and extracts. Observations including more varied data points could certainly enhance the depth of our analysis.
![Stability Reigns Supreme as COP Exchange Rate Holds Steady](http://currencymart.net/images/news/colombian-peso/2024-05-15/img-PxFA6ZKzQTpeSrQyNZTCvCSE.webp)