2024-05-16 Colombian 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
1. Understanding Overall Trend
The overall trend of the COP exchange rate from the dataset provided is stable. This is based on the fact that the rate starts at 0.00035 on the 15th of May, 2024 and remains at that level until the 15th of September, 2024 when it slightly increases to 0.00036. From then onwards, it remains stable again, maintaining a level of 0.00036.
2. Seasonality or Recurring Patterns
Bearing in mind that this dataset only includes data for different timestamps on a single day, it's difficult to identify seasonality or recurring patterns conclusively. However, a change is noticed at around 9:10 where the value increases from 0.00035 to 0.00036. This might suggest that there's potentially an hourly increase that typically occurs around this time, but this would need to be confirmed by studying data from several days. Other than this single increase, the rate stays the same for the rest of the day.
3. Outliers or Significant Deviations
Due to the constant values in the dataset provided, it is noted that there are no outliers or instances where the exchange rate has deviated significantly from the observed trend. It is maintained over the given period with one sudden rise at the specified timestamp.
This analysis was based solely on the data provided 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 which can greatly impact exchange rates. For a more comprehensive analysis, these factors would need to be considered.![Steady COP Exchange Rates Witnessed a Slight Upturn](http://currencymart.net/images/news/colombian-peso/2024-05-16/img-b0IUFQpDGPknkBPMsD4QAVfa.webp)