2024-05-17 Cuban Peso News
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2024-05-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Data Analysis Result
The given dataset consisted of the Chinese Peso (CUP) exchange rates registered every 5 minutes - for a period of 24 hours on May 16, 2024.
1. Overall Trend
The overall exchange rate seemed to exhibit an increasing trend, although very incrementally, over the 24 hour period. The rate started at 0.05135 and ended at 0.05142, which indicates a small, albeit consistent, increase in value over the specified duration.
2. Seasonality
On a closer inspection of the 5-minute interval data, it did not appear to exhibit any significant seasonality or recurring patterns within the 24-hour timeframe. A longer timeframe of data could potentially reveal daily, weekly, or even annually recurring patterns. As such, a broader dataset might be needed to accurately discern any seasonality or recurring trends.
3. Outliers
No significant outliers were identified in this dataset. The exchange rate did not appear to fluctuate dramatically at any specific point, but instead, it maintained a relatively steady increase over the course of the observed day.
It is imperative to note that exchange rates can be influenced by various real-world factors such as geopolitical events, economic news, etc., not included in this isolated 24-hour dataset.
This detailed analysis was solely based on the values provided and did not incorporate external factors like market opening/closing times, weekends/holidays, or key financial news. As such, to gain a comprehensive understanding of the CUP exchange rates’ behavior, it would be beneficial to incorporate these external factors in a broader, more extensive data analysis.
![Steady Rise in CUP Exchange Rate Observed Throughout the Day](http://currencymart.net/images/news/cuban-peso/2024-05-17/img-09pIU30RPMBzNnfGD8UQ6pwU.webp)