2024-04-19 Mexican 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:


Overall Trend Analysis

After analyzing the time series data for the exchange rates (MXN), it appears that the rate shows a relatively steady trend at the start, fluctuating around 0.081. However, towards the end of the dataset, there is a significant drop, with the rate falling to a low of around 0.077. It then recovers and begins to fluctuate around approximately 0.079 towards the end of the dataset.

Seasonality and Recurring Patterns

The dataset doesn't seem to demonstrate a clear seasonal or recurring pattern visually. The fluctuation in the exchange rates appears to be random rather than cyclical. The lack of a clear seasonal pattern may be due to the fact that the dataset only captures a single day of transactions (April 18, 2024) and is not long enough to indicate a longer-term pattern. Seasonal patterns can usually be observed in the larger timeframe, such as over several months or years of data.

Outlier Detection

There are apparent outliers in the dataset where the exchange rate significantly drops. The lowest rate observed in the data, which rounds to approximately 0.077, could be considered an outlier, as it signifies a sudden drop from the consistent pattern at the start of the series. These outliers could be caused by various unpredictable factors such as sudden market changes, global events, or economic news releases.

Also, there are certain time intervals during which the exchange rate increases or decreases more rapidly than the rest of the series. For example, the rate increases sharply from around 0.079 to approximately 0.081 in a short time span. This rapid increase could possibly be caused by economic factors or other extraneous variables.


Overall, in this one-day dataset, the MXN exchange rate was primarily stable, with some rapid fluctuations likely due to various market-disrupting factors. It does not exhibit any clear seasonal patterns, which may be due to the short time frame covered.

ctuations Amid Market Uncertainty The exchange rates for MXN throughout April 2024 showed a roller coaster ride of both peaks and troughs, suggesting the presence of significant market volatility. With fluctuations ranging from 0.08122 at its highest to the dip down to 0.07783, the market trends mirrored a state of uncertainty, stirring thoughtful assessments as well as careful investment strategies among traders. This analysis is rooted in time-series data from April 18, 2024, depicting the MXN exchange rate trends. The rates during the day started at 0.08106, showing a gradual increase to its peak at 0.08122, before tapering off slightly and maintaining a relative steady hover around the range of 0.08107 -0.08111. However, as the day progressed to late evening and deep into the night, the MXN saw a sharp decrease, plummeting to 0.07783 before bouncing back to a slow climb, reaching 0.07947 at midnight. This sharp turn is a perfect representation of the unpredictable nature of the financial market, where even on a single day fluctuation can be quite stark. Experts believe that this volatility is the outcome of varying market factors. Typical influences such as political stability, economic performance, inflation, and interest rates are always at play. These factors, combined with unexpected global events, can often lead to unpredictable market reactions. While this detailed analysis gives us an insight into a single day''s trading activity, it is merely a snapshot of the overall financial market health and cannot be used as a single predictive tool for future trends or investment decisions. Investors, money managers, and currency traders globally monitor these changes closely to make informed decisions about buying, selling, or holding onto currency. Such financial data provides invaluable insights that can enable swift and strategic decision-making. As we look ahead, readers should be prepared for the possibility of continued volatility in the MXN exchange rate and other global currencies. Future exchange rate trends will be heavily influenced not only by Mexico''s economic conditions but also by global economic and political factors. Given the unpredictability of the market, maintaining a diversified portfolio and staying up-to-date with global financial news is an advisable strategy for individual investors. Moving forward, keeping an eye on global developments and closely monitoring the market trends will be vital in successfully navigating the constantly shifting landscape of financial markets. This analysis serves as a reminder of the importance of timely financial data in making informed decisions and formulating strategic investment plans. April 2024 Exchange Rate Analysis: MXN Demonstrates Fluctuations Amid Market Uncertainty

Current Middle Market Exchange Rate

For information purposes only.