2024-05-02 Cordoba Oro News
2024-05-01
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.