2024-05-08 Peso Convertible News
2024-05-07
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 Analysis:
Reviewing the data, it is clear that the exchange rate of CUC generally exhibits an increasing trend. The rate started at around 1.368 and ends at around 1.375. This indicates that throughout the dataset, the currency has strengthened in comparison to whatever it is being exchanged with. This means that overall, the value of the CUC has increased over the timeframe noted in the data.
Seasonality & Recurrence:
It is important to note that this specific dataset's timestamps fall within a single day, which may limit our ability to accurately determine any seasonality or recurrent patterns based on longer periods like weeks, months or years. However, within this day, the exchange rate appears to fluctuate with certain regularity, usually in a cyclic pattern of gradual rise and fall, though there seems to be an upward shift in the cycle as the day progresses. Further analysis would be needed over a longer period to make clearer assertions regarding seasonality.
Outliers Analysis:
From the top-level data review, there aren't many obvious outliers that fall significantly outside of the general trend. The fluctuation in the exchange rate seems to be relatively smooth and progressive. However, the peak at 22:10 reaching 1.37585 could potentially be regarded as a minor outlier, as it sits above the general progression in rate value.
Conclusion:
Overall, the exchange rate between the currency pairs in question shows an upward trend within this specific day, suggesting the strengthening of the CUC over this period. The fluctuations present throughout the day hint toward a recurring intraday pattern affected by the market's daily open and close, and potentially specific trading hours in different exchanges. Still, a wider time frame would provide more clarity on seasonal patterns and a broader trend detail. Minor outliers exist within the general pattern, indicating occasional unexpected spikes in currency value, potentially due to market news or financial reports. An extended data series covering more timestamps would give more conclusive results.
