2024-05-14 Peso Convertible News
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2024-05-13
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the overall trend of the exchange rates
By visual inspection, the exchange rates shown in the data appear to exhibit a somewhat downward trend. While there are certainly fluctuations throughout the dataset, the overall trend is a slow decrease. This suggests that over the range of times shown, the value of the CUC currency seems to have slightly decreased against the comparison currency.
Identifying any seasonality or recurring patterns in the changes of exchange rates
As for seasonality or recurring patterns, it can be challenging to definitively identify these just by looking at raw data like this. However, an inspection of the data reveals certain times where there is a sudden change in exchange rates followed by a reversal back to previous levels. These could indicate a "trading hour effect" - systematic patterns caused by the opening and closing of financial markets at regular times. This effect would need to be further confirmed by statistical tests.
Noting any outliers or instances where the exchange rate differs significantly
There are several instances in the dataset where there are sudden large changes in exchange rates, which then revert back to more normal levels. These instances can be considered as potential outliers. However, we need to be careful in labeling them as true outliers without further testing because it's common for financial time series data like exchange rates to experience volatility clustering, where periods of high volatility are followed by periods of low volatility and vice versa.
Please note that this is a high-level analysis based on the provided dataset. For more accurate and detailed analysis, you would need more sophisticated statistical techniques and a richer dataset that includes other potentially influential factors.
!["Unexpected Volatility Marks CUC Exchange Rate in Early May"](http://currencymart.net/images/news/peso-convertible/2024-05-14/img-m5Z5SvLG0RHDGiyL4HDBGqkp.webp)