2024-04-16 Mexican Peso News

Summary of Last Month

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

Statistical Measures

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  • Standard Deviation:


Overall Analysis of Exchange Rates

The time series data for the exchange rates (MXN) starts at 0.08291 and ends at 0.08228. The highest seen rate during this period is 0.08303 and the lowest is 0.08227. On a cursory examination, there doesn't seem to be any specific trend pointing towards an increase or decrease in the exchange rates. At least in this dataset, the rates seem to show a stable behavior, with a hover around the 0.0829 mark.

Seasonality and Recurring Patterns

When considering seasonality or recurring patterns in exchange rates, it requires a more extended time range to make a solid conclusion. Therefore, based on this dataset, it is challenging to identify any strong seasonal pattern. However, a closer examination might reveal daily patterns or fluctuations that could be tied to market opening/closing times.

Identification of Outliers

Outliers in a dataset are extreme values that deviate significantly from other observations. In terms of this dataset, the exchange rates appear to be relatively stable, with minor fluctuations. No data points are significantly deviating from the general pattern. Therefore, there does not appear to be any clear outliers within this dataset based on the details provided.

Please note that external factors such as market news, geopolitical events, or economic indicators can significantly impact exchange rates, but they are not considered in this analysis as specified.

in 24 Hours As night fell on April 15th, 2024, the financial world kept its eyes on the gyrations in the foreign exchange market, observing the breathtaking ebbs and flows of the Mexican Peso (MXN) exchange rate. Within twenty-four hours, the rate experienced both unexpected spurts of growth and sudden drops, outlining a roller-coaster-like dynamic of rise and fall. Between the hours of midnight and 6:45 am, the MXN exchange rate revelled in a mild yet consistent upward trajectory. However, by 9:00 am, the numbers fell lower than the initial rate, perplexing analysts and business professionals worldwide. Undeniably, a closer look offers valuable insight into these stark fluctuations. The starting point of this rapid journey, 0.08291, serves as a calm introduction to an erratic story of the financial market. As the clock struck midnight, the rate reflected minimal variation, maintaining stability with occasional minor increases. However, as daylight approached, the figure grew, reaching 0.08303 by 6:45 am - marking the zenith of this 24-hour journey. Post this climax, an increasingly bearish trend took over the MXN, causing it to drop to 0.08238 by 9:05 am, underscoring a surprising downturn following its peak. This unexpected slump didn''t last long, with the rates oscillating between minor spikes and falls for the rest of the day. The MXN eventually settled at 0.08228 by the end of the day, exhibiting a slight overall drop from the starting moment. It''s important to highlight that the volatility of exchange rates significantly impacts investors who''ve placed their bets on the strength of the currency. This unpredictable behavior of the MXN exchange rate could lead to unexpected gains or losses and add to the risk factor for institutional and individual investors. Furthermore, the fluctuations serve as a sketch of an ever-changing global economic canvas. MXN''s performance could potentially mirror various factors - from Mexico''s domestic economic health, foreign trade metrics to the overall global macroeconomic state. Looking ahead, the question plaguing every investor''s mind is - ''What next?'' While prediction in the realm of exchange rates stands a challenge, all eyes continue to monitor the MXN rates closely. The investors, armed with today''s observations, will employ their best assessment techniques to predict future trends and make business decisions. The exchange rate''s mercurial behaviour within the span of 24 hours alerts us of the dynamic and unpredictable nature of the foreign exchange market. As we move forth, it''ll be fascinating to watch how these fluctuations impact the market, the economy and investor strategies in the coming days.Unexpected Rise and Fall in MXN Exchange Rates Observed in 24 Hours

Current Middle Market Exchange Rate

For information purposes only.