2024-05-13 Mexican Peso News
2024-05-12
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
Before anything else, you need to take into account that the provided data does not include any external factors like market opening/closing hours, weekends/holidays or the release of key financial news and reports. Here, we're purely focusing on the dataset at hand, considering it as-is without any external context. Remember that actual exchange rate trends will often be influenced by these external factors, but for the sake of simplicity and this analysis, I won't be taking them into account.
1. Understanding the overall trend of the exchange rates
The overall trend of the data shows that the exchange rate seems to fluctuate quite a bit, with numerous peaks and valleys seen over the data range. From a high-level perspective, it seems like the exchange rate generally starts at a certain level, fluctuates up and down a bit, before settling back down near its original starting level. This pattern doesn't appear to be entirely consistent, and there are periods where it takes longer to revert back to its original starting level, but this is generally the pattern seen throughout the dataset.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
Seasonality or recurring patterns aren't immediately clear from the provided data. It seems like the exchange rate changes are likely to be influenced more heavily by immediate external factors (which we are not considering) as opposed to cyclical time-based patterns. That being said, there is a certain level of volatility noticed in the data, so it is safe to remark that there is a level of unpredictability to the exchange rate changes without having more granular time data or external factors that we could consider.
3. Noting any outliers
An inspection of the data reveals several instances where the exchange rate differs significantly from the general trend at that time. These outliers are seen throughout the dataset, again indicating a level of volatility in the exchange rate. However, without a further breakdown of the data, it is difficult to identify any specific circumstances that would explain these significant differences.
In conclusion, the data shows a high-level pattern of exchange rate volatility, with recurrent fluctuations up and down, and occasional significant outliers. Due to the complexity of exchange rate movements, external factors would need to be considered for a more comprehensive analysis.