2024-04-19 Peso Convertible News
2024-04-18
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. Overall Trend Analysis
From the data, it's observed that the exchange rates have generally been fluctuating without a clear upward or downward trend. However, a closer look at each timestamp indicates that there is some volatility in the rates but it does not result in a consistent overall trend.
The exchange rate at the beginning of the dataset was 1.3755 and it ended up at 1.37797. There is a slight increase, but this minor difference over such a large timeframe suggests that the exchange rate has remained somewhat stable over the period of this dataset. Nonetheless, several small fluctuations will be of interest to short-term traders.
2. Seasonality and Recurring Patterns
While trying to identify seasonality or recurring patterns in financial data, we usually look at seasonal peaks and troughs that recur at predictable intervals (e.g., hourly, daily, weekly, quarterly, etc.). In the provided data, it's hard to spot any well-established seasonal pattern, due to the high frequency one might need a longer dataset to clearly identify daily or monthly fluctuations.
3. Outliers
Outliers in financial data usually represent instances where significant, unpredicted events have occurred. These could be drastic political changes, sudden market crashes or booms, or the release of unexpected financial news. However, the range of the fluctuations seems relatively steady, suggesting that there likely weren't any major, disruptive events within this timeframe.
In general, while there are some peaks and troughs that could potentially be considered outliers, it's more likely that these are a result of normal market volatility. In this dataset, the most notable potential outlier could be the highest recorded rate at 1.38037 and the lowest recorded rate at 1.37449, these rates being significantly different than the majority of the data may highlight unexpected events during these timestamps.
Overall, it's clear that the exchange rate is subject to a significant level of volatility, with the rate constantly varying and fluctuating within a certain range. It's also worth noting that different economic and market factors could impact the rate more substantially, which could then lead to more recognizable trends and patterns.
