2024-04-24 Cordoba Oro News
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2024-04-23
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of Exchange Rates
From the provided data, it appears there is a slight increasing trend in the exchange rates over time. We see the rates oscillating between 0.03718 and 0.03732, with a gradual increase in the values from the start to the end of the dataset. However, it's worth noting that overall, the fluctuation range of the rates obtained is quite small, indicating a relatively stable currency exchange market for the given period.
Seasonality and Recurring Patterns
Given the dataset does not cover a wide time span and does not specify any seasonal period, it's difficult to observe explicit seasonality. However, one pattern that can be seen is consistent small fluctuations in the exchange rate throughout the day. The rate seems to go through periods of subtle increases followed by similarly subtle decreases. This possibly could be explained by the intrinsic nature of the foreign exchange market rather than a seasonal dynamic.
Notable Outliers
At a glance, there seems to be no significant outliers in the exchange rate data. The exchange rate remains within a tight range throughout the period, suggesting that it's quite stable. Any minor fluctuations possibly could be attributed to typical daily volatility that's expected in currency exchange rates. However, for a more concrete conclusion, further statistical analysis that is beyond the boundaries of this current scope would be needed.
Remark
Please note, this analysis is based purely on the interpretation of the data provided and it does not take into account any external influences such as socioeconomic or geopolitical events which could potentially be influencing the exchange rates. Indeed, exchange rates are affected by a multitude of factors ultimately tied to the economics of the respective countries, such as inflation rates, interest rates, and public debt. Understanding those factors would add significant depth to this analysis and might explain the reasons behind the observed trends.
