2024-05-10 Peso Convertible News

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 of Exchange Rates

From the data provided, the exchange rate appears to fluctuate within a certain range throughout the time period. Although there are spikes and drops, the overall trend is somewhat stable without a clear indication of constant increase or decrease, suggesting a balanced market condition during this period. The rate starts at 1.37267, ends on 1.36885 implying a slight decrease, but considering the fluctuations in between this cannot be considered as a clear downward trend.

Seasonality or Recurring Patterns

Analysing time-series data for this short period and the granularity of the data, clear seasonality or recurring patterns are hard to spot. However, there seems to be some degree of volatility within certain hours which can be further explored by detailed hourly or minutely analysis. As far as daily patterns are concerned, no obvious pattern or seasonality can be deduced.

Identification of Outliers

Given the relatively steady and contained fluctuation of the rate within the specified range, any significant spikes or drops can be seen as outliers. However, based on the data provided, there doesn't appear to be any major outliers that stand out. All the rates cluster around a mean, and while there are moments of fluctuation, they later revert close to the mean. There is no single instance of a drastic change that maintains for a considerable duration.

tuations A detailed examination of the time series data for the Cuban Convertible Peso (CUC) exchange rates over a 24-hour period on May 9, 2024, paints a vivid picture of market volatility and subsequent recovery. The dataset begins at 00:00:02 and ends at 23:55:02, providing an indicative picture of the day''s foreign exchange market dynamics for the CUC. The day started with a slight dip in the currency’s value, with minute-by-minute fluctuations being the norm, reflecting the inherent volatility within the market. Around 07:35:03, there was a significant drop in the exchange rate where it fell to 1.37106, its lowest for the day till that point. This further plummeted to 1.36882 by 09:25:04, setting the tone for what would be a challenging first half. It was not until 21:10:02, though, the currency reached its nadir at 1.36852. However, the dip was followed by a gradual recovery. The market correction was visible by 21:15:02 as the CUC sprang back to end the day at 1.36885 by 23:55:02. The above instances demonstrate the capricious nature of the forex market. The oscillations in the CUC value could have been propelled by various factors, including geopolitical developments, economic indicators, or changes in market sentiment. A crucial point to be noted though, is the resilience showcased by the CUC. Despite experiencing strong headwinds, the currency managed to regain its ground. Fluctuations in exchange rates impact not just traders and investors, but also sectors like tourism, exports, and imports, hence the recovery provides a measure of relief. The data feed for the CUC value also serves as an excellent reminder of forex market characteristics, where change is the only constant. Such market volatility emphasize the need for robust hedging strategies for businesses with forex exposure, and presents opportunities for high return for savvy investors. Looking ahead, the focus would be on Central bank interventions and local economic indicators that could influence the CUC''s trajectory. Whilst the recovery suggests resilience, only time will tell if this is a sign of an upward trend or just a temporary reprieve before another dip. In these turbulent market conditions, investors, businessmen, and policymakers will indeed keep their eyes glued to the fluctuating fortunes of the CUC.Sharp Dips and Recovery: Unpacking the CUC Exchange Fluctuations

Current Middle Market Exchange Rate

For information purposes only.