2024-05-21 Mexican Peso News
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2024-05-20
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 in Exchange Rates
After thorough analysis of the provided dataset, which represents the exchange rates (MXN) at the various timestamps, it was observed that the exchange rate remains relatively stable. The values fluctuated within a very narrow range of 0.08189 to 0.08238. There is no significant trend of increase or decrease over the timestamp provided in the data set.
Recurring Patterns and Seasonality Examination
The data, which spans a single day, does not present any glaring seasonality or recurring patterns. Due to the limited span of the data set - only covering 24 hours - it is challenging to accurately determine any instance of seasonality without further data spanning a wider range such as multiple months or years. To ascertain the presence of any recurring patterns or seasonality in the exchange rates, we would ideally require data over a lengthier timeframe.
Identification of Potential Outliers
Brief analysis indicates no significant outliers in this dataset. Specifically, an outlier would be characterized by an exchange rate that deviates significantly from the rest of the values in the data set. No such circumstances were observed in the data, with the rate variations appearing to be minor and consistent with the overall stability noted earlier.
Summary
In conclusion, this exchange rate data for MXN over a 24-hour period shows a stable trend with minor regular fluctuations and no obvious outliers. The data set provided does not show apparent patterns, seasonality, or explainable variances, likely due to the brief timeframe covered by the data. For a more comprehensive analysis and to detect trends, patterns and impacts of various factors, data over a longer period would be beneficial.
![MXN Exchange Rate Records Subtle But Noticeable Volatility Throughout the Day](http://currencymart.net/images/news/mexican-peso/2024-05-21/img-qo9AYthN9pkP2xbFtGf7MBND.webp)