2024-05-10 Mexican Peso News
2024-05-09
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. Analysis of the Overall Trend
Based on the data provided, the overall trend of the MXN exchange rate cannot be defined easily as an increasing or decreasing trend. The exchange rate seems to be fluctuating around 0.081 throughout the period shown. At first glance, the exchange rate appears to be quite stable, with minor fluctuations. For instance, the rate starts at about 0.08107 and ends at approximately 0.08143, indicating a slight increase over time. However, this slight increase is overlaid on a clear cyclical pattern of fluctuations, with no discernible long-term trend of either increasing or decreasing exchange rates.
2. Identification of Seasonality or Recurring Patterns
There does not appear to be a clear seasonality or recurring patterns in the exchange rates based on the time series data provided. The pattern seen in the data seems rather irregular and doesn't demonstrate a regular pattern of highs and lows that could suggest seasonality. However, one should note that a deeper analysis, potentially involving more advanced statistical techniques such as spectrum analysis or autocorrelation analysis, might discover more subtle periodicities or repeating patterns.
3. Observation of Outliers
The dataset does not contain visible outliers or any instances where the exchange rate differs significantly from the overall trend. The exchange rate stays within a narrow range around the average value, with no major hikes or drops. All changes are relatively minor and gradual, and there are no sudden spikes or slumps in the data that would suggest substantial volatility or instability in the exchange rate. Nonetheless, keep in mind, the absence of more thorough statistical analysis might be hiding less obvious outliers.
Bearing in mind, the results of this analysis are subject to specific unique time frame and may not necessarily predict future trends or patterns of the MXN exchange rate. Furthermore, external factors such as economic indicators, geopolitical events, or policy changes could significantly impact exchange rates, and they are not considered in this analysis.