2024-05-06 Mexican Peso News
2024-05-05
Summary of Last Week
- 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:
Over the period provided in the dataset, the MXN exchange rate appears to generally exhibit a slight downward trend. The data begins at a rate of 0.08186 and ends with 0.08050, indicating a gradual decrease in value. However, it is important to note fluctuations within this overall descent, with some periods of increases noticeable.
2. Seasonality or recurring patterns:
Upon analyzing the dataset, significant recurring patterns are predominantly elusive, mostly due to the high volatility inherent in exchange rate data. Daily volatility may be observed, with exchange rates commonly peaking in the middle of the day before declining slightly, but a clear, universally repeating pattern across all timestamps is vague.
3. Outliers in the exchange rate:
While most variations in the dataset can be attributed to the continuous fluctuations of forex markets, certain points deviate more considerably. For instance, on 2024-04-18, the rate plunges to 0.07866, a significant drop compared to the surrounding data. Another noticeable outlier appears on 2024-05-03, where a sudden drop to 0.08046 occurs right after a peak at 0.08091.
Others:
It's important to note that the exchange rates also appear to be slightly lower during the weekends than on the weekdays. While this could be seen as a pattern, it's also common in financial markets due to lower trading volumes during non-work days.
Remember, these observations are purely descriptive and exploratory. Additional statistical analysis methods would provide more detailed insights into the behavior and patterns of the exchange rates.
