2024-05-21 Cordoba Oro News

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

Understanding the Overall Trend

The overall trend in this dataset appears to be quiet stable. The rates start at 0.03707 and eventually moves up to 0.03711, slightly comes down to 0.03692 and then somewhat stabilizes around 0.03698 to 0.03703. The trend fluctuates very infrequently, though there were minor deviations in the values. This implies that the rates neither substantially increase nor decrease, but largely remain almost stable across the data period envisaged. There are occasionally very minor increases and decreases.

Seasonality or Recurring Patterns

Inspecting the data, there appears to be no clear seasonality or recurring patterns. The exchange rates seem to fluctuate inconsistently, not showing any prominent cyclical pattern that repeats itself at specific intervals. The fluctuations tend to maintain within a very minor difference, suggesting that no significant pattern of change is observed based on the timestamp.

Outliers in the Exchange Rate

In this dataset, no clear outliers can be identified. The exchange rate appears consistently in a very negligible range, with minor fluctuations from time to time. We can infer this from the extremely narrow span of observed rates, from a minimum of 0.03692 to a maximum of 0.03711. This indicates that there are most probably no instances where the exchange rate differed notably from the main trend, thereby suggesting an absence of outliers in this dataset.

Please note, this analysis is strictly based on the current data provided and does not consider potential future variations or external factors like market hours, financial news, and reports, holidays or weekends, etc. Further analysis considering those factors may lead to additional insights.

ity In the world of financial markets, stability plays a vital role in maintaining equilibrium and ensuring a healthy trading environment. This is the exact scenario unfolded in the recent time series data of the NIO exchange rate, displaying a predominantly stable trend with minor volatility from May 20, 2024. As per the detailed time-stamped data, the NIO on this particular day started at an exchange rate of 0.03707. This rate maintained a flat curve for a prolonged period before witnessing minor fluctuations. It gradually increased to 0.03711, then dipped back to 0.03698. Throughout the day, the NIO exchange rate hovered between 0.03692 and 0.03711 – a range indicating slight volatility amid overall stability. However insignificant these fluctuations seem, they bear importance for traders and investors, especially those trading on margins. Volatility, no matter how small, can heavily impact their profits and losses. But, the larger emphasis on stability over 24 hours radiates positive signals for the broader markets and the economy. Stability in exchange rates is crucial as it affects import and export prices, inflation, and overall economic growth. Stable rates can improve market confidence, which might attract foreign investors, leading to an increase in cross-border trade and investment. One outage occurred during the mid-day when the NIO exchange rate fell to 0.03694. This might be due to sudden sell-offs or changes in market dynamics, reflecting the fact that currency markets are highly responsive to numerous local and global economic events and sentiments. However, the NIO went back to the 0.03702 range by the end of the day, assuring that the temporary dip didn''t significantly impact the overall dynamic. This competent recovery demonstrates the robustness of NIO''s value and its resilience to minor market disruptions. Looking ahead, market players should closely watch the NIO performance and keep an eye on broader economic factors that might cause changes in its value, from political happenings to shifts in monetary policy. While NIO''s stability over a single day is encouraging, only continuous monitoring and assessment will forecast how this digital asset will perform in the future. In addition, the future market predictions and external economic indicators should be considered to understand the potential fluctuations better. As the global financial ecosystem constantly evolves, so does the value of digital assets like NIO- hence, constant vigilance is key.NIO Exchange Rate Maintains Stability Amid Minor Volatility

Current Middle Market Exchange Rate

For information purposes only.