2024-05-03 Cuban Peso News
2024-05-02
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
Analyzing the provided dataset, the overall exchange rate of CUP has been on a gentle downward trend. This means that the currency has been losing value at a moderate rate. Despite periods of relative stability, the general long-term trend has been negative.
Seasonality or Recurring Patterns
In terms of recurring patterns or seasonality, the data does not show any notable within-day or day-to-day variations that would suggest the presence of such patterns. The variations seen in the exchange rates appear more random and could be attributed to market volatility rather than structured trends.
Outliers in the Dataset
The data set shows no significant outliers. The exchange rate has been mostly around the 0.0517 - 0.0518 range with occasional downward movements, but no significant spikes or drops have been observed that could be classified as outliers.
In conclusion, the data set shows a slight but consistent decrease in exchange rates over the period covered, with no notable seasonal or recurring trends. The absence of outliers suggests that the recorded values are characteristic of the general performance and movement of the currency in the forex market.
It's important to understand the analysis was conducted purely on historical data, without considering external factors like market opening and closing hours, weekends and holidays, or the release of key financial news or reports. As requested, no future predictions have been made on the basis of this analysis.
