2024-03-12 Peso Convertible News
2024-04-23
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. Understanding The Overall Trend
Looking at the given data, I observe that the exchange rates slightly fluctuated throughout the day. The rate started at approximately 1.36985, reached its high at 1.37135, and closed at 1.36652. Despite the slight ups and downs, there does not appear to be a definite increasing or decreasing overall trend for this particular day; instead, the rates mostly ranged within a certain range (approximately 1.365 to 1.371). This observation aligns with the nature of currency exchange rates, which tend to fluctuate depending on various factors such as supply and demand in the market.
2. Seasonality or Recurring Patterns
As for seasonality or recurring patterns, it’s challenging to spot any clear patterns based on this one-day dataset. Typically, analysis of recurring patterns or seasonality would require a longer period, potentially covering weeks, months, or years. That being said, I did notice some instances where the rates consistently slightly increased or decreased within short periods (e.g., five to fifteen minutes). More data across multiple days at the same times could help determine whether these are regular patterns or mere coincidences.
3. Outliers
Regarding outliers, the dataset provided does not seem to include extreme outliers where the exchange rate differs significantly from the general rates observed. The minor fluctuations are normal in currency exchange rate data, reflecting the dynamic and constantly changing nature of financial markets. It is however crucial to note that this analysis is based on the one-day dataset provided, and studying a longer period might reveal some outliers linked to specific events or unusual market conditions.