2024-05-21 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

Data Overview

The provided data is time-series data that tracks the exchange rate (CRC) values at different timestamps. The timestamps range from '2024-05-20 00:00:02' to '2024-05-20 23:55:02', capturing the hourly changes over a 24-hour period.

Analysis of overall trend

The exchange rates seem to be somewhat stable for most of the day until '2024-05-20 06:20:02', at a constant rate of 0.00267. This stability suggests that there were no significant shifts in market dynamics that affected the exchange rates over these sections of the timeframe. However, there is a slight decrease at '2024-05-20 06:20:02' and subsequentially the exchange rates observe a minor downfall to 0.00266 and remain completely stable for this value for the rest of the track period. This decrease could be due to changes in market conditions and dynamics, although the specifics would be subject to further detailed analysis beyond pure data observations.

Seasonality Check

As the dataset provided only comprises a single day in the year 2024, it's not possible to establish a yearly or monthly seasonality trend in the exchange rates. The data does not allow us to recognize any recognizable hourly seasonal patterns due to the stability in the values. Additional data that spans longer time periods would be required to identify and validate any seasonal patterns.

Outliers Identification

Based on the given dataset, there don't seem to be any obvious outliers. An outlier in this context would be a dramatically different exchange rate value compared to the surrounding values. In our case, the exchange rate seems to persist on a relatively stable plateau, with only a very minor decrease occurring partway through the day. This doesn't present as an outlier, as it could be an acceptable fluctuation in market dynamics.

Conclusion

Overall, the exchange rates remain constantly stable for most of the day, with only a minor decrease observed part way through the day. There are no immediately obvious outliers, and with the given data, it isn't possible to establish a clear indication of any seasonality. It's recommended to collect data over a more extended period to better understand the potential trends, seasonality and outliers. Note that this analysis purely bases on the data observations and does not take into account specifics affecting the financial market and its implications on the foreign exchange rates.

d Period In an unexpected turn of events, the CRC exchange rate has demonstrated unprecedented stability over a considerable time span. This currency consistency commenced on May 20th, 2024, when the CRC exchange rate held continuous at 0.00267. It then saw a slight dip, falling to 0.00266, continuing to exhibit remarkable steadiness over time through the course of numerous check points, until the last observation recorded at 11:55 pm of the same day. This prolonged economic steadiness is a rare phenomenon in the unpredictable world of currency trading and international finance. It is particularly noteworthy for the CRC, which has a significant role in global exchange markets. The consistent rate indicates a controlled economic environment and suggests successful monetary policies being held by international governing agencies. The consistent rate of 0.00267 across multiple timestamps on May 20th hints at a lack of volatility in the market for that day, which can be good for certain investors and traders. This consistency gives an assurance to potential investors looking to minimize risk. However, it might pose a disadvantage to day traders who rely heavily on slight market fluctuations for profit. In context, the CRC’s stable rate has implications beyond the forex market. The fact that the CRC has plateaued mirrors global economic stability and positive investor sentiment. Such environment invites capital inflows and encourages international trading, benefitting various sectors connected to international trade and commerce. Going beyond the numbers, the stability of the CRC exchange rate indicates a strong, robust financial framework that is resilient to economic shocks. This can be attributed to strategic economic planning and sound financial management, which have proven effective in maintaining a steady economic ship amidst the waves of global events. In light of this event, it is crucial for investors and stakeholders to understand the possible implications this stability could have on their investments and strategies. The lack of fluctuations suggests a low-risk environment, which might invite conservative investors to turn towards this currency as a safe investment or a hedge against more volatile trading options. In the coming days, financial market participants should watch for changes in this trend. If the steady CRC exchange rate continues, it could establish a new era of predictability in the currency market. However, it''s also important to remember that market trends can change rapidly. All eyes will be on the next set of data to see whether this consistency will maintain, heralding a new normal for the CRC.Stability in CRC Exchange Rate Holds Steady Over Extended Period

Current Middle Market Exchange Rate

For information purposes only.