2024-05-02 Cordoba Oro News

Summary of Yesterday

  • 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 data given, we can see that the exchange rate started at 0.03718 at beginning the day of 2024-05-01. They fluctuated within a very small range and changed very minimally throughout the day, with occasional periods of a tiny but abrupt increase or decrease. For instance, there was a slight increase to 0.03741 from 0.03716 around 6:25 AM and it continued to be high compared to the previous value for some time until it gradually came down. The highest rate encountered throughout the day was 0.03747, and the lowest was 0.03716. The closing rate at the end of the day leaned towards the lower side of the day’s trend at 0.03743. Overall, while there are slight fluctuations throughout the day, the exchange rate remained relatively stable and didn't experience any drastic hikes or drops.

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

While conducting a time-series analysis of such a short duration, it is quite challenging to identify any seasonality or recurring patterns accurately. However, upon closer observation, we can detect an approximate trend on 2024-05-01. The exchange rate tends to rise slightly in the morning hours around 6 AM, perhaps as financial markets open and transactions increase. From initially lower rates, they hike to the peak within a few hours and remain high during the morning to afternoon period. After that, the rates gradually fall back to a level similar to the opening rate of the day. But again, without a more extended data set, it would be premature to conclude if this is a daily pattern or just a random occurrence for this specific date.

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

Given the tight range within which the exchange rates have fluctuated, there are no major outliers or significant deviations from the apparent micro-trend for this particular date. This observation is made according to the given data. There was a minor hike and drop within a short time span around 6:25 AM and around 1:30 PM. However, we can't definitively classify these instances as outliers without having a larger dataset that could provide more context concerning average fluctuations.

r Period In the world of finance, foreign exchange rates hold a significant place. They are a basic component of international trade, and the recent fluctuations in the NIO exchange rate have been gaining attention. Over a 24-hour period, the NIO exchange rate has demonstrated mild fluctuations, exhibiting a curious trend that market analysts are closely monitoring. On May 1, 2024, starting at midnight, the NIO exchange rate began at a reading of 0.03718. Over several hours, the rate experienced very nominal fluctuations, maintaining an almost uniform value until the early morning. As the day progressed, a wave-like movement began to emerge. The rate peaked slightly at 0.03719 at multiple points during the early hours but then dropped marginally to 0.03716 nearing 03:10 AM. Following this, the rate slowly levitated to 0.03719 around 01:00 PM, and then a breakthrough occurred – it escalated to 0.03741 by 06:25 AM, the highest point during this period. Although the increment might seem marginal, in currency exchange, it signifies substantial trading profits. The difference between the highest and lowest values of the exchange rate itself might not be vast, but the time duration in which these fluctuations occur is significant to traders and investors. The decision to trade or purchase can be dependant on these minuscule changes; hence, this pattern is noteworthy. The exchange rate maintained stability around the 0.0374 mark until noon, after which a gradual decline was noticed. At 1:30 PM, a continuous downward trend began, bottoming out at 0.03724 by 2:00 PM, which was the lowest point for the day. After a brief period of stability, the rate began its climb once more and eventually regaining its steadiness around the 0.0374 level by late evening. These fluctuations, although appearing minor, could have crucial implications for investors, corporations, and governments who often operate in the international trading sphere. The NIO exchange rate acts as a key measure for economic health and could significantly impact these players, especially those who engage in financial activities, such as forex trading, based on these rates. Looking ahead, analysts will be observing the NIO exchange rate for any potential long-term trends or patterns. While today''s fluctuations were mild, any shifts in the pattern could have far-reaching implications for future transactions and market behaviours. The importance of understanding and tracking these financial relative measures cannot be understated, especially in an increasingly globalized economy where digital transfers and transactions are commonplace. The constantly changing dynamics of financial markets mean that traders and investors need to stay vigilant. Timing trades correctly in sync with fluctuations, even minor ones, can make the difference between gains and losses. This recent activity in the NIO exchange rate serves as a reminder of this important trading principle. The financial world eagerly watches to see how the situation unfolds in the coming days. O Exchange Rate Experiences Mild Fluctuation Over 24-hour Period

In the world of finance, foreign exchange rates hold a significant place. They are a basic component of international trade, and the recent fluctuations in the NIO exchange rate have been gaining attention. Over a 24-hour period, the NIO exchange rate has demonstrated mild fluctuations, exhibiting a curious trend that market analysts are closely monitoring.

On May 1, 2024, starting at midnight, the NIO exchange rate began at a reading of 0.03718. Over several hours, the rate experienced very nominal fluctuations, maintaining an almost uniform value until the early morning. As the day progressed, a wave-like movement began to emerge. The rate peaked slightly at 0.03719 at multiple points during the early hours but then dropped marginally to 0.03716 nearing 03:10 AM.

Following this, the rate slowly levitated to 0.03719 around 01:00 PM, and then a breakthrough occurred – it escalated to 0.03741 by 06:25 AM, the highest point during this period. Although the increment might seem marginal, in currency exchange, it signifies substantial trading profits.

The difference between the highest and lowest values of the exchange rate itself might not be vast, but the time duration in which these fluctuations occur is significant to traders and investors. The decision to trade or purchase can be dependant on these minuscule changes; hence, this pattern is noteworthy.

The exchange rate maintained stability around the 0.0374 mark until noon, after which a gradual decline was noticed. At 1:30 PM, a continuous downward trend began, bottoming out at 0.03724 by 2:00 PM, which was the lowest point for the day. After a brief period of stability, the rate began its climb once more and eventually regaining its steadiness around the 0.0374 level by late evening.

These fluctuations, although appearing minor, could have crucial implications for investors, corporations, and governments who often operate in the international trading sphere. The NIO exchange rate acts as a key measure for economic health and could significantly impact these players, especially those who engage in financial activities, such as forex trading, based on these rates.

Looking ahead, analysts will be observing the NIO exchange rate for any potential long-term trends or patterns. While today

Current Middle Market Exchange Rate

For information purposes only.