2024-04-19 Cordoba Oro News

Summary of Yesterday

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  • Difference of Daily High & Low:

Statistical Measures

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Trend

1. Understanding the overall trend of the exchange rates.

From the timestamp data provided, the NIO exchange rate has experienced minor fluctuations over the period of examination with the rate oscillating mostly between 0.03744 and 0.03726. The highest value noted, at 0.03749, was reported on multiple occasions throughout the dataset, while the lowest value, 0.03722, occurred only once. Overall, there isn't a clear upward or downwards trend in the data, suggesting a relatively stable exchange rate during this time period.

2. Identifying any seasonality or recurring patterns in the changes of exchange rates.

Given the short time frame of the data, it's challenging to accurately discern any seasonal or recurring patterns in the changes of the NIO exchange rate. From a brief analysis, the rate does tend to decrease slightly towards the middle of the hourly interval before increasing towards the end, though this pattern is not consistent across all hours. Absent a larger data set that spans multiple days, weeks, or months, it's not possible to make definitive conclusions regarding seasonality.

3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality.

We can observe minor outliers in the data, such as the exchange rate reaching a low value of 0.03722 on 2024-04-18 10:35:03, differing slightly from the overall trend. However, given the relatively stable nature of the data and the small fluctuations in the exchange rate during this time period, these variations can be considered normal. Significant outliers typically stand out more in the data, representing larger deviations from the average. Additional statistical analysis would be needed to confirm any potential outliers.

urs, Market Awaits Impact On April 18, 2024, the NIO exchange rate underwent remarkably small changes over its 24-hour trading period. In an overall display of stability, the NIO maintained a remarkably close range between its highest and lowest values. For the uninitiated, NIO is a popular digital currency that is traded globally, and its exchanging rate is a crucial indicator of its performance in the market. In this case, the time series data provided on this day showed only minor fluctuations in the NIO value, its trading period ranging between 0.03720 and 0.03749 during the exact duration of one day. The trading period began with NIO at a value of 0.03748 and saw an almost horizontal trend for more than an hour. A slight decrease to 0.03744 was noted around 01:25 AM which was corrected in the succeeding time series back to the 0.03745-0.03747 range. Between 02:50 AM and 3:40 AM, the NIO value spiked slightly to 0.03749 before ebbing again to 0.03746 by 4:00 AM. The NIO rate continued its earlier trend and maintained a steady position with a slight uptick at 06:37 AM to 0.03739 before a substantial decrease down to 0.03722 was observed around 10:35 AM. The rate subsequently recovered and maintained its small changes within the 0.03725-0.03729 range until 20:00 PM when it increased to 0.03730. The NIO rate underwent a small increase and reached the highest value of the day at 0.03737 at 21:10 PM before displaying a subtle downtrend to finish the day at 0.03731. Given the minor alterations and high degree of stability in the NIO rate on April 18, 2024, it signals a low volatility period. Low volatility within the currency exchange market often represents a state of equilibrium or similar supply and demand metrics. Such a period, observed in the current context, suggests a balanced marketplace where NIO is considered neither overpriced nor underpriced. However, as with all financial markets, periods of low volatility generally precede periods of increased volatility. The question now is: when will this period end, and what factors will trigger the shift towards higher volatility? Going forward, investors and traders should remain vigilant of key market events, policy changes, industrial shifts that could impact the demand and supply of NIO, and propel it into increased volatility. In the meantime, the NIO market remains steady, and no abrupt market movement is anticipated in the immediate future. The key, as always, is to stay alert, stay informed, and stay prepared.NIO Exchange Rate Displays Minor Fluctuations Over 24 Hours, Market Awaits Impact

Current Middle Market Exchange Rate

For information purposes only.