2024-04-30 Cordoba Oro News
2024-04-29
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
Overview
The provided dataset consists of time-series financial data, detailing the change in NIO exchange rate over time. The data has been collected every five minutes over a 24-hour period on the date April 29, 2024.
1. Understanding the overall trend of the exchange rates
Over the given time period, the NIO exchange rate appears to generally experience a slight increasing trend. It started from an exchange rate of 0.03701 on 00:00:02, and ended at 0.03697 on 23:45:02. Given minor fluctuations throughout the dataset, there's a very slight decrease in the exchange rate. However, these changes are relatively modest, indicating that the rate overall remains fairly stable.
2. Identifying any seasonality or recurring patterns in the exchange rates
From a preliminary analysis, there is no immediately apparent seasonality or recurring pattern within these exchange rate changes. The rate changes show a steady trend rather than repetitive cyclical changes in line with daily hours. However, the time interval of the data (5 minutes) could be too short to reveal any recurring patterns related to larger time periods (like daily or hourly cycles).
3. Noting any outliers, or instances where the exchange rate differs significantly
In terms of outliers, some notable instances can be observed such as timepoint 16:00:03 where the value drops to 0.03693, which appears to be significantly distinct from the close-to-constant value upheld throughout other timestamps. However, it's important to remember that financial markets are inherently volatile and unpredictable, so occasional deviations from an overall trend are to be expected.
