2024-05-14 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

Analysis

Parsing through the provided time-series data and fitting it to the criteria provided for analysis, the following series of insights, trends and details can be discerned:

Overall trend

The overall trend of the exchange rate over the given period indicates a general stability, with only minor fluctuations. The exchange rate starts at 0.05163, has several minor ups and downs, and then closes off at 0.05162. There's a very negligible change if we consider the entire timeline, suggesting a good level of stability. However, there are small increases and decreases on a smaller scale within this timeframe.

Seasonality or recurring patterns

From the given dataset, there doesn't appear to be a noticeable seasonality or repeating pattern. Minor fluctuations in the data do occur at different time intervals, but they do not show an obvious repeated pattern over a certain cycle/period. As such, there isn't enough evidence in this dataset to claim any repeating trend.

Outliers

The dataset doesn't seem to include any significant outliers. All the values are within a very narrow range between ~0.05160 to ~0.05164. The fluctuations, while present, don't deviate largely and remain within a similar range suggesting a standard rate. Therefore, there doesn't seem to be any significant outliers or unexpected values in the dataset.

It’s important to note, however, that this analysis is purely numerical and based on the data in the dataset, considering only the changes in exchange rates over time. Other external factors such as market conditions, news, or economic events aren't taken into consideration as per the instructions.

This time-series data provides a very small snapshot in time, displaying only minor fluctuations in the currency exchange rate. For a more comprehensive understanding of the performance of this financial asset, a larger and/or broader dataset could provide a more detailed overview and more extensive insights.

ver 24-Hour Period At the end of a volatile 24-hour period for the CUP exchange rate, analysts are coming to grips with an unusual pattern of changes across the day. Throughout May 13, 2024, the constant oscillations in exchange rates offered both challenges and opportunities for market participants. From the stroke of midnight, the CUP exchange rate sat at 0.05163, marking a moderately steady period as foreign exchange markets woke up around the world. However, this stability was merely the calm before the storm. By the early morning of 04:10:02 AM, the CUP had witnessed a drop to 0.05158; not significantly drastic, but enough to function as a possible signal for subsequent volatility. Though hardly a spotlight-worthy incident, the change served as a potential sign for cautious traders to be on high alert. A slight recovery to 0.05164 was noted within the early hours of the day but that was short-lived. The downward trend continued until 09:15:03 AM, when the rate bumped back to 0.0516. However, the relief was fleeting, the rate at the end of the day, being 23:55:02, stood at 0.05162. Such oscillations throughout the day brought forward crucial learnings as well as opportunities for speculators and traders alike. The CUP exchange rate''s seemingly minor fluctuations could have meaningful implications for businesses with operations in multiple countries. For these multinational entities, even small changes in exchange rates can translate into substantial differences in profits and losses when repatriated to their home currency. To add, investors who speculate on currency movements might have taken advantage of these fluctuations by buying the CUP at low points and selling it when the rate improved. Economic factors might have contributed to the CUP''s performance. It''s essential to recognize that this disruption could be a byproduct of larger macroeconomic forces. While it is impossible to predict with certainty, these could include shifts in the global economic landscape or changes in trade policies. Looking forward, market watchers should closely monitor the CUP for potential fluctuations. Deepening trade confrontations or evolving economic narratives could instigate further volatility in this pair. Mitigating future risk requires proactive measures. An understanding of market mechanics and vigilance is vital for those involved in currency exchange. In conclusion, the recent changes in the CUP exchange rate serve as a potent reminder: currency markets are dynamic spaces where patience, insight, and timely actions can result in compelling opportunities. Financial volatility might sometimes be unnerving, but, as was evident on May 13, 2024, it can also provide unique openings for those who dare to venture into the fascinating world of currency exchange.Significant Fluctuations Observed in CUP Exchange Rate Over 24-Hour Period

Current Middle Market Exchange Rate

For information purposes only.