2024-04-17 Cuban Peso News

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overall trend of the exchange rates

Looking at the data provided, it can be observed that the exchange rate is quite stable. It ranges from a minimum rate of 0.05198 to a maximum of 0.05224, indicating a fairly minor fluctuation within this period. These figures suggest a slight upward trend in the exchange rate over the selected period, but the change is actually very small. Thus, it seems that the exchange rate has remained rather stable on the overall.

Seasonality or recurring patterns in the changes of exchange rates

As for seasonality or recurring patterns, the data doesn't clearly indicate any obvious cyclical patterns, at least not over the time period shown. The fluctuation in exchange rates can be influenced by many external factors, such as changes in monetary policy, economic indicators, and global events, which can cause large deviations from any seasonal patterns. As requested, this analysis doesn't take into account such external factors, nor does it consider any regular 'calendar' events such as market opening and closing times or weekends/holidays.

Outliers in the exchange rates

From the given data, it can be seen that there isn't any significant outlier, given that the exchange rate remains pretty stable, without drastic or unexpected changes. The differences are very minimal between the highest and the lowest exchange rates, thus we can conclude that no particular figure can be individually classed as an outlier.

rket Conditions The 24-hour period starting from midnight on April 16, 2024, has seen nominal changes in the exchange rates of the currency under review. In what could be described as a somewhat calm day on the market, investors and traders have been noting the distinctly stable market conditions. The exchange rate started at 0.05207 and ended at 0.05216, illustrating a slight increase over this period. The largest value during this timeframe was seen at 22:40:02, reaching a peak of 0.05224, indicating the highest rate the currency experienced during the day. While the exchange rate did fluctuate throughout the day, the changes were largely minimal and did not exceed a variation margin of 0.00018. This data suggests a period of stability in the currency''s value, which might be due to a combination of various factors, including international market conditions and domestic economic stability. Stability in exchange rates is often seen as a positive sign. It indicates a level of economic confidence and is often a result of effective policies being implemented by central banks and other financial authorities. In these conditions, investors and traders can usually operate with a lower level of currency risk. While this period of stability can offer a degree of respite for investors, it is crucial to remember the cycle-based nature of financial markets. Periods of stability are often followed by periods of volatility. The question, then, is not whether the change will happen, but when and how prepared investors are when it does. The data also illustrates periods where the rate stagnates, and periods where there is a slight increase or decrease. These short-term fluctuations could be a reaction to immediate geopolitical events, news, or trends in other related markets. Understanding these short-term movements is equally important for day traders to leverage opportunities. There are indications that global market conditions will remain steady, at least for the foreseeable future. Substantial changes in other major economies or significant geopolitical events could impact the currency''s value. Investors should keep an eye on international news and economic indicators to predict possible fluctuations better. From a long-term perspective, the steady situation on the currency marker suggests it''s an opportunity for investors to reconsider their portfolios, focusing on both risk mitigation and potential return maximization. Diversification strategies that include a mix of various types of investments could be particularly beneficial during periods of relative stability. In conclusion, while the recent stability in exchange rates provides a sense of security, investors must remain vigilant to potential future shifts in the market. The financial landscape is always evolving, and today''s patterns may not necessarily predict tomorrow''s outcomes. Stay tuned for more updates on the exchange rate analysis. Exchange Rates Record Mild Fluctuations Amidst Steady Market Conditions

Current Middle Market Exchange Rate

For information purposes only.