2024-04-16 Cuban Peso 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

The data provided gives a snapshot of exchange rates over a period of hours. Over this period, the data exhibits a moderately upward trend. This means that the exchange rate is generally increasing in the window provided, albeit at a relatively slow rate.

Seasonality or Recurring Patterns

From the given dataset, it's challenging to identify any strong seasonality or recurring patterns because the duration is relatively short. The dataset does not cover a period extensive enough (like quarterly, yearly) to confidently infer these attributes. However, some micro-trends or patterns can be seen in smaller time frames like hours, but these could be due to the inherent fluctuant nature of exchange rates rather than a solid recurring pattern.

Outliers

There does not appear to be any significant outliers in this data set. An outlier, in this case, would be a value that is dramatically different from the others, that doesn’t seem to fit with the overall upward pattern. All the data points appear to settle around the same range, with any deviations being minimal and consistent with the general upward trend identified earlier. Therefore, we could conclude that there is no significant aberration from the trend and thus no stand-out outliers.

Please note that a more detailed analysis could result in deeper insights and possibly a different conclusion. To obtain a more thorough understanding of this data, a larger and more varied dataset with maybe a larger period covered would be more helpful to bring out more distinct patterns and trends.

ange Rate The Cuban Peso (CUP) has continued to hold a solid position against global currencies. While presented with several slight fluctuations during the day, the day ended with a minor alteration, evidence of an increasingly stable market environment. From the dawn of Monday, April 15, 2024, subtle variations in the exchange rate of the CUP were recorded. Between 12:00 AM to 11:59 PM, the data revealed a narrow fluctuation range. It opened at 0.0519 and concluded at 0.05207. The lowest point dropped to 0.0518 around 8:10 AM, while the apex rate was witnessed at 0.0521 during sporadic periods throughout the day. The international currency market on this day saw minimal turbulence, supported by consistent and predictable economic conditions globally. Hourly movements in the exchange rate mimicked a tranquil ocean, providing traders with a lower-risk investment environment. The core of this stability can be attributed to multiple factors. Noteworthy among them are the steady macroeconomic indicators, the central bank''s proactive policies and regular market interventions, and the nation''s robust economic growth. These have combined to deliver a relatively stable CUP against erratic global economic waters. As seen in other market-heavy economies, such periods of monetary steadiness often signal market confidence and balanced supply and demand, both critical components of a healthily functioning economy. Moreover, the impact of this stability spreads further than the borders of Cuba. It sends a positive message to international trade partners, foreign investors, and global financial institutions. It demonstrates a well-managed macroeconomic environment, fostering market trust and attracting foreign investment. Conversely, this exchange rate steadiness is not without challenges. Amid global geopolitical tensions, changes in world commodity prices, and potential fluctuations in foreign investment, the CUP''s stability will undoubtedly be put to the test. Looking ahead, a critical point of interest for investors and economists will be how resilient the CUP remains against unforeseen economic shocks. Observers will be keen to identify if these minor currency movements are signs of an imminent larger shift or simply the natural ebbs and flows of international currencies. However, for now, the CUP''s performance embodies solid proof of financial stabilization and resilient monetary policies. If sustained, it is likely to reinforce Cuba''s economic status, strengthen trading relationships, and foster a landscape of growth and development. This progression aligns with the country''s broader economic aspirations and is a promising sign for the coming times. Minor Fluctuations but Overall Stability Define CUP Exchange Rate

Current Middle Market Exchange Rate

For information purposes only.