2024-05-07 Costa Rican Colon 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

Overall Trend

Based on the data provided, the overall exchange rate of CRC remained quite stable for the majority of the given time frame, having an exchange rate of 0.00268 for most of the timestamps. However, a minor decrease was observed in the latter part of the period where the exchange rate came down to 0.00267. The transition period from 0.00268 to 0.00267 seems to have occurred around 2024-05-06 06:25:02. It seems to fluctuate between 0.00267 and 0.00268 at the end of the period.

Seasonality or Recurring Patterns

Given the information, it's difficult to identify any recurring patterns or seasonality. The time series data, unfortunately, does not display strong cyclic behaviour that could suggest a clear-cut pattern or trend over time in the rate of currency exchange. At face value, the exchange rates seem largely stable over the given period, perhaps suggesting that they are more or less unaffected by the time of day. Further analysis might be required with additional data or perhaps considering different time intervals for any significant revelation in this regard.

Outliers Analysis

Outliers or variations in this dataset are almost negligible. There is an instance where the exchange rate went from 0.00268 to 0.00267 but this change is very minimal and stayed consistent for the rest of the data series. Thus, based solely on the provided data, we see no significant outliers or unexpected deviations from the overall trend.

ours May 6, 2024 - In unprecedented financial news, the CRC exchange rate experienced remarkable, steady consistency throughout a 24-hour period. This event took place yesterday and has sparked interest in the financial world. This event is noteworthy for the sheer level of stability demonstrated by the rate, demonstrating rare continuity in the financial market. As the day opened, the CRC exchange rate started at 0.00268 and for the entire first half of the day, maintained the same rate, an unusual occurrence given normal market fluctuations. However, in the mid-morning, the rate experienced a very slight dip to 0.00267, a minute change in the grand scheme of the market, but stark against the backdrop of the day''s earlier stagnancy. Immediately following this dip, the rate once again established a stronghold at this lower equilibrium and maintained it unabated through nightfall. This unwavering adherence to the 0.00267 rate continued for the remainder of the day until the very end when it moved back to the initial rate of 0.00268 briefly, before again descending to0.00267 to close the day. The question now in the minds of financial experts and economists is, ''Why did this happen?'' In truth, there''s no simple answer. This could have been due to a series of carefully coordinated trades, a sudden halt in major trading activities, or beyond that, some anomaly in the financial systems that produced the orders. Regardless of the reason, it is clear that this is an uncommon incident and potentially signals an upcoming trend or shift in the market. What does this mean for investors? This consistency, despite being unusual, presented a potentially less risky and predictable environment for day traders who thrive on market volatility. However, for the long-term investors, this posed an opportunity to assess the market from a stable standpoint. Looking forward, in the wake of this intriguing 24-hour period, the financial world will be watching the CRC exchange rate closely. Economists will be investigating what might have led to this unprecedented course of events, while investors will be looking for potential patterns or indicators that could suggest future investment strategies. While today’s conditions gave us calm financial waters, it’s in these uneventful times that the most seasoned investors and traders prepare for the possibly rough seas that lie ahead, constantly aware that in finance, as in life, change is the only constant. CRC Exchange Rate Sees Uninterrupted Stability Over 24 Hours

Current Middle Market Exchange Rate

For information purposes only.