2024-04-16 Costa Rican Colon News

Summary of Last Month

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  • Difference of Daily High & Low:

Statistical Measures

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Trend

The provided dataset records the exchange rate (CRC) at different timestamps. Through careful analysis, certain characteristics of this data can be discerned.

1. Overall Trend of Exchange Rates

The dataset does not show a significant change in the exchange rate over the time period we examine. The rates have been somewhat stable, with minor fluctuations recorded. It starts at 0.00271 at the start of 2024-04-15 and drops slightly to 0.00270 by the hour of 01:35:02. The rate then remains stable until around 06:25:02 when a slight increase to 0.00274 is observed. The largest increase is recorded at 14:05:03 to 0.00276, and a small drop to 0.00274 at 20:05:03. The rate then finally settles back to 0.00275 for much of the remaining period. It indicates that the exchange rates have been generally stable over the period shown.

2. Seasonality or Recurring Patterns

Given the short duration of a single day covered by the dataset, it is difficult to determine any significant seasonality or recurring pattern in the changes in exchange rates. The data shows some intra-day variability, with small oscillations around the central value, but no clear cyclic pattern is evident. Additional data spanning longer time periods would be required to accurately determine any seasonal trends or recurring patterns.

3. Outliers

In terms of outliers, the dataset does not show any instances where the exchange rate differs significantly from what would be expected based on the observed trend. All fluctuations in the rates are minor and within a reasonable range, indicating a low volatility for these hourly intervals on 2024-04-15.

It's worth noting that analyses like these don't consider any specific event or external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Including those factors could account for unusual changes in exchange rates and provide a more accurate picture of the dynamics of the exchange rates.

Curiosity In a surprising turn of events, the exchange rate of the Costa Rican Colon (CRC) has demonstrated remarkable stability over an extended time period, sparking interest and curiosity across diverse financial markets. The dataset provided captures the CRC exchange rates across different timestamps on April 15, 2024. The numbers spell out an unexpected narrative as the CRC value maintained incredible constancy over the 24-hour period. The rate oscillated minimally between 0.00271 and 0.00276, proving to be surprisingly resilient. In the complex world of foreign exchange, stability like this is seldom seen. Exchange rates are typically influenced by a multitude of economic factors, including inflation, interest rates, political stability, economic performance, and speculation. Variations are the heart and soul of this field, allowing profit-making opportunities for traders and investors. Yet, in this surprising saga, the CRC showcased little fluctuation, firmly standing its ground for most of the day. This phenomenon began at midnight (00:00:02) with an exchange rate standing at 0.00271. The number trailed along the same figure until 1:35:02, after which the rate took a minor dip and stood steady at 0.0027. The dip can barely be considered a dip, as the exchange rate returned to a solid 0.00271 by 01:45:01, maintaining the figure until 03:10:02. For the rest of the day, the CRC rate oscillated between 0.0027 and 0.00276, showcasing a strong pattern of minimal fluctuation. Significant stability in the exchange rates were witnessed around the timestamps, from 03:10:02 till 06:25:02, and then again from 15:55:02 until the end of the day. This bizarre stability has compelled financial experts and traders to take a closer look at the Costa Rican economy. Experts argue that such tranquility might be a result of stable economic conditions, low inflation rate, and strong confidence in the country''s financial policies. However, further analysis and time will provide more insights into this event. While the market sees this stability as an outlier, making profit predictions challenging for short-term traders, it also offers a secure environment for investors eyeing long-term prospects in Costa Rica. After all, stability in foreign exchange rates reduces risks associated with currency conversions, making investments more predictable and less risky. Traders and investors worldwide will be keeping a watchful eye on CRC exchange rates in the coming weeks, wondering whether this is a temporary phenomenon or if this stability suggests a long-lasting trend. As the CRC story unfolds, all that can be advised to the readers is to watch this space. The CRC journey is certainly one to look out for, with valuable lessons for both investors seeking steadiness and analysts trying to decipher this unexpected calm.Surprising Stability in CRC Exchange Rate Sparks Market Curiosity

Current Middle Market Exchange Rate

For information purposes only.