2024-05-21 Cordoba Oro News
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2024-05-20
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.
![NIO Exchange Rate Maintains Stability Amid Minor Volatility](http://currencymart.net/images/news/cordoba-oro/2024-05-21/img-DSRvk0PlyJR0OPUm4gxnxeo3.webp)