2024-04-26 Mexican Peso News
2024-04-25
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend of Exchange Rates
By examining the dataset, it can be observed that the MXN exchange rate experienced a slight overall increase throughout the day on April 25, 2024. The rate starts at 0.08014 and finishing the day slightly increased at around 0.07938, but it was fluctuating during the day and does not directly go up or down. Please note that this is a general trend for this specific day, and daily trends might have high volatility, not necessarily reflecting the long-term trends.
Seasonality or Recurring Patterns
From the given data set, it's a bit difficult to definitively identify any seasonal or recurring patterns over this 24-hour period. However, slight tendencies can be noticed where the rate mostly decreases slightly in the first half an hour of a given hour and then slightly increases in the last half an hour. However, this pattern is not strictly followed and there are time slots where this tendency is violated. We should take this observation with a pinch of salt, as we are observing only one day's data, and not necessarily indicative of recurring patterns or seasonal changes.
Identifying Outliers
Probably, the most significant outlier in this dataset was the steep decrease around 07:30:04, when the exchange rate has a sudden jump from 0.08024 to 0.07997, just to recover back to around the previous level at 08:10:02 with 0.07952. This might have been the result of a high volume transaction or a drastic short term change in demand and supply. There were few other smaller fluctuations throughout the day, but none of them was as significant as this one.
Please be aware that the outlier identified might not be an 'outlier' in a statistical sense without further statistical analysis. The highlighted points are simply instances of large jumps which are different from the general pattern of that period.
