2024-04-16 Cordoba Oro News

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

Overall trend of the exchange rates

By analyzing the data set of NIO exchange rates over time, we can observe that the exchange rate is quite stable overall. It started at 0.03738 and ended at 0.03735 after fluctuating in a very narrow range. These fluctuations, however, did not exhibit a strong upward or downward trend.

Seasonality or recurring patterns

As for the seasonality or recurring patterns, it's not clearly discernible directly from the provided data. However, it can be observed that the fluctuations are somewhat rhythmic within an hour. We repeatedly see a rise in NIO's exchange rate, followed by a slight decrease. Yet, the current data set is too narrow to make a definitive conclusion about any daily, weekly, or monthly trends.

Outliers in the exchange rates

A notable observation is that while most of the fluctuations are minimal and close to the median, there are a few points where the rate jumps. For example, at around 20:05 on 2024-04-15, there is a noticeable dip to 0.03734, significantly differing from rates around that time. Such instances could be considered as outliers in this scenario.

Please note, even though the question specifically instructs to not consider external factors like market trends, financial news and events, it's important to be aware that such factors could have a significant influence on these rates in the real-world scenarios.

rket trends The time-series dataset of the NIO exchange rates presented an interesting market scenario on April 15, 2024. Examining the dataset, it''s clear that the NIO experienced slight volatility throughout the day, which may signal nuanced market trends for analysts, investors, and traders alike. Starting from 00:00:02 on April 15, the data recorded a small fluctuation in the NIO''s value. The exchange rate adjusted minutely from 0.03738 at the start of the day, hitting a high of 0.03754 by 19:55:02, then ending the day slightly lower at 0.03735 by 23:55:02. The NIO’s value appeared to be on an upward trend until the early evening, slipping down as the day wound down. While these may seem like minute fluctuations to casual observers, financial analysts understand that even the smallest changes in exchange rates can have significant implications. This trend in NIO’s exchange rates could be signaling shifts in market sentiment, indicating potential gains or losses for those trading in this space. The reasons behind the observed exchange rate fluctuations could stem from a variety of factors. This may include geopolitical events, changes in the global or regional economy, or market sentiments towards NIO. The exact cause, however, remains undetermined and further investigation into current events on the global financial landscape is needed to provide concrete conclusions. It is also possible that these fluctuations in the NIO''s exchange rates signal investors'' changing attitudes towards risk in the market. Higher rates often suggest an appetite for riskier assets, while lower rates can suggest a flight towards safety. With the day beginning and ending with relatively lower rates, it could hint at shrinking risk appetites throughout the trading day. Looking ahead, these subtle shifts in the NIO''s value should be closely monitored. With this trend of rising then falling rates, investors and traders may expect similar patterns in the future. This information could be a valuable asset for those looking to capitalize on these subtle shifts. To conclude, the seemingly slight fluctuation in the NIO''s value over the course of April 15, 2024, reveals the complexity and intricacy of the global financial market. While the overall shift was minor, a closer examination reveals intricate fluctuations, potentially promising financial opportunities for those capable of comprehending and harnessing these regular movements in the market.Subtle shifts in NIO exchange rates reveal intriguing market trends

Current Middle Market Exchange Rate

For information purposes only.