2024-05-22 Mexican Peso News
2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of the Exchange Rates
Observing the data, we notice that there is no clear overall trend of the exchange rates, as the rates fluctuate in a relatively tight band around 0.082 units. It is close to a stationary series and this is highlighted by the absence of any pronounced upward or downward trend in the dataset. However, we need more data to confirm this observation.
Seasonality or Recurring Patterns
This particular dataset does not appear to exhibit any clear seasonality or recurring patterns. The variations in the exchange rate are relatively minor and there are no regular increases or decreases that would suggest a cyclical pattern. This indicates that the exchange rate could potentially be influenced by a multitude of factors that are not easily observable in the data. Again, a larger sample size might reveal patterns that are not immediately visible in this data.
Outliers
In this particular dataset, there does not appear to be any significant outliers. The fluctuations in the exchange rate stay within a relatively tight band, with no drastic spikes or drops observable. This is suggestive of a relatively stable economic environment during the period represented by the data, with little volatility to perturb the exchange rates. As with the previous sections, however, a larger dataset might reveal outliers that are not immediately visible from this data.
Summary
It is important to remember that exchange rates are influenced by a variety of economic and geopolitical factors, from inflation rates and interest rates to political stability and economic performance. The absence of a clear trend or seasonality in this dataset does not mean that these factors are not at play, merely that they do not manifest in an easily identifiable manner in this snapshot of data. More comprehensive analysis using additional data would likely provide a deeper understanding of the factors influencing these exchange rates.
Please note that the above analysis does not constitute financial advice and independent financial advice should be sought where appropriate.