2024-05-17 Peso Convertible News
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2024-05-16
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
Based on the provided dataset, the trend of the exchange rates indicates an overall increasing trend from a low of 1.36068 at the beginning to a high of 1.36369 with a consistent increase throughout. However, the change doesn’t seem to be linear, the rates fluctuate over time around this continuous growth, suggesting some volatility during the period.
Seasonality or Recurring Patterns
As for the recurring patterns, there do not appear to be clear-cut recurrent patterns or seasonality observable from the dataset provided. Despite some minor oscillations at certain points, making it somewhat difficult to conclusively point to a well-defined pattern, there may be underlying patterns that cannot be directly observed due to high-frequency fluctuations. More advanced timeseries analysis methods might be necessary for accurately picking up these patterns.
Outliers in Exchange Rates
As exchange rates are impacted by many external factors, it's common to see fluctuations. Further analysis is needed to identify potential outliers or periods of extreme movement; however, these could be normal in the context of exchange rates. There are minor short-lived spikes observed in the data, but no significant drastic one-time changes that would typically characterize an outlier. Therefore, no clear outliers are identifiable from this dataset.
Summary
In summary, this data set shows an increasing trend in exchange rates, fluctuations that suggest volatility and minor short-lived spikes, but no significant, clearly identifiable outliers. There doesn't appear to be an obvious seasonal or recurring pattern, based on the data provided. However, more sophisticated techniques might be needed to reveal subtle or complex patterns not readily visible from a surface-level analysis.
![CUC Sees Notable Rise in Exchange Rates Throughout the Day](http://currencymart.net/images/news/peso-convertible/2024-05-17/img-VBoxCdNokB3RgJXXT7PvSZHC.webp)