2024-05-09 Peso Convertible News
2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overview Analysis of Exchange Rates
Given the data set, a general trend can understood. It seems that exchange rates fluctuate within a range over the entire period. It starts at 1.37532 at the beginning of the period and ends at 1.37252. While there are dips and surges in between, the range stays relatively stable indicating that on a macro level there is a relatively flat but slightly decreasing trend.
Seasonality and Recurring Patterns
While it may be difficult to identify any potential seasonality or recurring patterns with the given dataset since we are only given a 24-hour snapshot. Further data will be required to definitively conclude the existence of any seasonality or recurring patterns. However, in this 24-hour snapshot, no prominent recurring pattern is noticeable.
Outliers and Significant Variations
The exchange rate data does fluctuate, as is common with financial data. However, there don't seem to be any extreme outliers in the data. The fluctuations seem to be within a range and there appear to be no significant variations from this range. This is based on the provided data alone and does not take any external factors into account.
External Factors
As per the instructions, external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports were not considered in this analysis. It's worth noting, however, that these factors can have a significant impact on exchange rates and should typically be considered in a more comprehensive analysis.
Future Forecasts
As per the provided instructions, forecasts for future rates have not been generated. However, based on the current data alone, it appears that the exchange rate is maintaining a relatively stable range. Please note, this assumption is based solely on the historical data provided, not taking into account any external factors that may influence future rates.
