2024-04-30 Mexican Peso News
2024-04-29
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
Overall Trend Analysis
The dataset provided represents the exchange rate of a currency (MXN) against time, recorded every few minutes. A comprehensive analysis of the data reveals the overall trend in the exchange rate. By observing the fluctuations in rates, it's evident the amount has gradually increased from 0.07934 to 0.08028. This indicates that the exchange rate of the currency is following an increasing trend throughout the given time series data.
Seasonality and Recurring Patterns
Regarding the seasonality or recurring patterns, such patterns are generally observed over larger time spans (for example, monthly or annual) rather than minute-to-minute fluctuations. However, careful observation of the data does not conclusively show any evident recurring patterns or clear seasonal fluctuation within the observed period. To identify such patterns, data over a longer period would likely give more insightful results.
Identification of Outliers
An outlier in this context would be a sudden significant spike or drop in the exchange rate that doesn't align with the overall pattern of the data. This data set fairly smooth and doesn't appear to have any sudden or drastic increases or decreases, indicating there are no significant outliers in this particular set of time-series data.
Note on Influence Factors
It is worth noting that while the analysis does not specifically take into account, exchange rates can be affected by numerous factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. These external factors can lead to the observed fluctuations and trends in the time-series data.
Having an understanding of these factors can often provide more context to the trends and patterns observed and potentially predict future trends. However, as per your request, the focus of this analysis was strictly limited to the trends, patterns, and outliers present in the data itself.
Limitation of the Analysis
Lastly, while an effort was made to extract insights from the data provided, time-series analysis of exchange rates can have a high degree of complexity due to the multitude of influencing factors. The findings of this analysis are purely based on the numerical data provided and don't account for these potential outside influences. Additionally, the lack of information about the source and context of the data limits the depth of interpretation that can be made.
