2024-05-14 Nuevo Sol News
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2024-05-13
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
Understanding the Overall Trend of the Exchange Rates
Upon inspection of the data, the overall trend of the exchange rates showed a slight but consistent decrease from 0.37044 to 0.36834. It indicates that over the period shown, the exchange rate of the PEN generally decreased. However, the changes in the rate were minimal suggesting that the rates remained relatively stable in this timeframe.
Seasonality or Recurring Patterns in the Exchange Rates
Based on the given data, it is challenging to identify seasonality or recurring patterns as it lacks a clear cyclic variation—for instance, weekly or monthly. However, there is a consistent fluctuation in the exchange rate: it consistently but slight decreases over time, increases a bit, and then decreases again. This pattern repeats throughout the entire time series.
Outliers in The Exchange Rates
The most significant drop in the exchange value occurred around 06:20 on 13th May 2024, plummeting from 0.37041 to 0.36811. This significant drop differentiates itself from the otherwise stable and incremental trend, thus it can be marked as an outlier or unexpected event. However, lack of additional information makes it tricky to sway what factors might have precipitated this drop.
Kindly note that this analysis is fully data-driven relying on the provided time series data and does not take into consideration outside factors such as market opening/closing hours or key financial news and reports.
![Exchange Rate Fluctuations Unveil Unpredictable PEN Economy](http://currencymart.net/images/news/nuevo-sol/2024-05-14/img-vS39vFrBwYKkXJiPKXBXuG6n.webp)