2024-05-09 Costa Rican Colon News
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2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of Exchange Rate Dataset
The dataset provided includes a timestamp and the associated CRC exchange rate for each timestamp. The dataset appears to be in 5-minute intervals for the date of May 4, 2024.
1. Understanding the Overall Trend
Looking at the provided data, the majority of the exchange rates are relatively stable, hovering around the 0.00268 mark. There are only a few instances when the exchange rate marginally increases to 0.00269. The trend across this particular day appears to be largely static, with the suggested overall trend being that the exchange rate remains steady at 0.00268.
2. Identifying Seasonality or Recurring Patterns
Given that the data only covers a single day's worth of time series data, it's somewhat prohibitive to discern a clear pattern of seasonality. However, we see the CRC exchange rates shifting from the dominant 0.00268 mark to 0.00269 briefly during these times - around 02:10, 03:05, 04:15, and from 06:25 until around 07:30. However, these patterns may be incidental and not sufficiently significant to indicate a genuine, repeated pattern or seasonality.
3. Noting Outliers
Based on the given dataset, there doesn't appear to be any significant outliers. Most of the CRC exchange rates stick close to the 0.00268 value with slight bumps up to 0.00269. Such minor deviations from the norm are not sufficiently extreme to be qualified as outliers.
To dissect the exchange rate data more accurately and to identify underlying patterns, trends, or irregularities, it would be helpful to have a larger dataset that spans across multiple days or months. This would also make it feasible to diagnose any effect of weekdays, weekends, major holidays, and market hours on the CRC exchange rates.
![Stability Reigns Supreme as Exchange Rate Positions Hold Steady](http://currencymart.net/images/news/costa-rican-colon/2024-05-09/img-JNZBi24HQ0Djjox4u19DTYQq.webp)