2024-05-20 Colombian Peso News
2024-05-19
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
Understanding the overall trend of the exchange rates
From the raw data, a noticeable pattern emerges. The exchange rate seems to hold steady at 0.00035 for a good part of the observed period. A slight decline to 0.00034 is evident on the 2024-04-25 and 2024-04-26, followed by a recovery back to 0.00035 till 2024-05-14. Notably, from 2024-05-14 onwards, the exchange rate experiences a minimal increase to 0.00036, which persists till the end of the given dataset. This suggests a generally stable exchange rate with minor fluctuations.
Identifying any seasonality or recurring patterns in the changes of exchange rates
As far as the provided dataset is concerned, there doesn't appear to be any obvious seasonality or recurring patterns in the changes of exchange rates. Keeping in mind that fluctuations were only in the scale of 0.0001, the exchange rate remained remarkably stable over the entire period. A slight dip occurs on 2024-04-25 and 2024-04-26, but it is promptly followed by a recovery. Other than an upward bump noticed from 2024-05-14 onwards, the lack of any other noticeable pattern suggests that other external factors, possibly beyond the scope of this data, might influence these minor changes.
Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
Considering the granularity of the data and the overall stability of exchange rates, it becomes hard to discern any significant outliers. The small reduction to 0.00034 on a couple of dates might be regarded as such in the context of this data's stability; likewise, the rise to 0.00036 from 2024-05-14 onwards could be seen as differing from the expected trend. However, without an insight into market factors or higher granularity data, it would not be conclusively accurate to label these data points as 'outliers'. Furthermore, these fluctuations are so minor that they may be within an acceptable range of variation for this particular exchange rate.