2024-05-22 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

1. Understanding The Overall Trend of Exchange Rates

The exchange rate displayed a general stability, with very minute variations noticed. The data started off at a rate of 0.03702 and ended at a rate of 0.03704, thus showing a marginal increase over the given period. Nevertheless, it's important to note that the rate did not remain completely static and there were fluctuations in the rate throughout the period. Furthermore, it seems the variations are concentrated between 0.03698 and 0.03716. Hence, even though slight fluctuations were observed, the exchange rate largely remained stable with a slight overall increase through this period.

2. Identifying Seasonality or Recurring Patterns in the Exchange Rates

In this data set, no discernible seasonality or recurring patterns can be identified just by visualizing the data. The minor fluctuations appear to be random rather than following a clearly predictable pattern. Therefore, it is suggested that a more in-depth statistical analysis or a larger data set might be needed to accurately determine any recurring patterns.

3. Spotting Outliers in the Data.

Based on the provided dataset, there do not seem to be any conspicuous outliers which deviate significantly from the overall trend. The exchange rate, while fluctuating slightly, remained consistently within a tight range of 0.03698 to 0.03716 for the entire period. There was no instance where the exchange rate unexpectedly spiked or dropped drastically, suggesting that the dataset is quite stable and devoid of significant outliers.

world witnessed a surprising overnight surge in the NIO exchange rate on May 21, 2024, which began fluctuating in infinitesimally small degrees before experiencing a significant increase towards the end of the day. The analysis of the timestamp data clearly presents this climb, affecting both traders and investors. The NIO exchange rates observed across the timestamps in this period offered nick-of-time insights into the workings of the market. Encompassing every 5-minute change from midnight to midnight, the data captured NIO’s journey across different market sentiments. The rates remained steady around 0.03701 for a majority of the day, before starting a rollercoaster climb and fall within the same points. The start of the day was marked by meager fluctuations between 0.03701 and 0.03702; however, the rate dropped to 0.03698 by 7 am. From there, an upward momentum was witnessed, with it reaching a peak of 0.03711 by 8 am. Through the day, it plateaued at around 0.03715 with minor dips and surges. In the latter half of the day, post-around 8 pm, a sudden drop to 0.03701 was observed, bouncing back strongly to a high of 0.03705 by midnight. This increase in the NIO exchange within such a short span is extraordinary. It implies a high trading volume and significant activity in the given period. While these periodic shifts within a day are not uncommon, the extent and timing of this daily surge are indicative of an abrupt change in the market sentiment, possibly triggered by some external event or news. The implications of this event are far-reaching. For traders and investors, this rapid fluctuation within a day holds multiple opportunities – shorting during the plummet and buying on the surge. For businesses dealing with NIO, exchange rate changes translate directly into their costs of operation, especially those involved in import and export. This event provides substantial content for further analysis. Various factors could lead to such drastic changes - policy changes, market news, a shift in the macroeconomic variables, or rumors. While this kind of volatility is inherent in financial markets, it''s always beneficial to determine and anticipate the causes to prepare for future instances and devise risk management strategies. Looking ahead, it''s important to monitor NIO exchange rates closely for similar fluctuations. With the global economy''s dynamic nature, the values may continue to rise or drop drastically. Traders, investors, and businesses should brace themselves for future market movements, which might test their risk tolerance levels and decision-making abilities. The occurrence of this event reinforces the need for effective strategies to navigate unpredictable market scenarios.Surge in NIO Exchange Rate Witnessed Overnight

Current Middle Market Exchange Rate

For information purposes only.