2024-05-01 Mexican Peso News
2024-04-30
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend of the Exchange Rates
From the data provided, one can glean that the overall trend of the exchange rates appears to be fairly stable. The rate starts with a value of around 0.08031 and ends at a similar rate of 0.08041, indicating that over the timeframe given, no significant increase or decrease in the exchange rate can be observed. However, there are minor fluctuations throughout the dataset that are worth noting. These minute changes could be affected by various factors such as minor shifts in demand and supply, but they do not result in a substantial alteration of the exchange rate over the long term.
2. Seasonality and Recurring Patterns in Exchange Rates Changes
In terms of seasonality or recurring patterns, the dataset does not provide sufficient clarity. Given that the data covers a single day, discerning seasonal patterns would be a challenge. Longer time-series data, ideally spanning multiple months or years, would be required to identify such trends confidently. However, it can be said that the data does not display significant variability or particular patterns within the day, reinforcing the earlier point about the exchange rate's stability during this specific timeframe.
3. Outliers in the Exchange Rates
After analyzing the data, no glaring outliers can be identified. Most fluctuations in the exchange rate seem to be within a reasonable range given the overall stability of the rate. One minor decrease can be noticed around the 07:40 timestamp where the rate drops to 0.08039, deviating slightly from the consistency; however, this deviation does not seem highly significant. It's also important to note that 'outlier' detection could be more subjective in financial data with various factors influencing what may constitute 'significant' deviation.
