2024-03-12 Peso Uruguayo 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 Overview

Starting from the beginning of the dataset, the exchange rate has shown minor fluctuations without a clear increasing or decreasing trend. It started at roughly 0.03559 at the beginning and ended at roughly 0.03565. We observe a limited overall increase in the exchange rate over the given period.

Recurring Patterns and Seasonality

Due to the data's narrow range and slight increments, it is challenging to identify a clear recurring pattern or seasonal trend. The fluctuations don't appear to follow a consistent daily or hourly pattern. However, it is crucial to collect further data over a more extended time scale to identify any possible weekly, monthly, or yearly seasonality.

Outliers or Unusual Observations

The dataset lacks significant outliers or unusual observations in the exchange rate. The exchange rate has remained relatively stable, operating within a tight margin. This observation indicates the currency's stability within the time frame captured by the current dataset.

Though no explicit outliers were detected, there are points in the data where the rate drops to 0.0355 and then rises back to its standard pattern. Examples of these occasions can be seen on 2024-04-23 from 9:05:02 to around 14:10:03 and then from 19:55:03 for nearly 30 minutes. These deviations, while not exceptionally significant, are worth noting.

Non-Market Influences

As explicitly stated, this analysis does not consider external influencing factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Therefore, any impacts, trends, or anomalies resulting from these variables are not reflected in this analysis.

ce Amid Fluctuations Just past midnight on March 11, 2024, the exchange rate of the Uruguayan Peso (UYU) against the US Dollar began a gradual descent -starting from 0.03475 - marking the start of a fluctuating 24 hours. Over this period, the rate demonstrated remarkable resilience, with minimal deviations, highlighting the stability of the currency. The UYU started the day at 0.03475, slowly depreciating to reach a low of 0.03458 by 04:15. However, showing strong resilience, the UYU steadily recuperated, reaching a high of 0.03483 by 09:10. This development marked the most notable fluctuation of the day, before the rate gradually stabilized again around the opening mark. The early hours of trading saw the exchange rate demonstrate minor fluctuations, indicative of a stable monetary market with limited external shocks. Market analysts attribute this minor volatility to normal market dynamics, which are primarily shaped by supply and demand forces in the global economy. As the day progressed towards midday, the UYU displayed increased stability, with exchange rates oscillating within a narrow band. This period of calm in the foreign exchange market underscores the stability of the UYU, insinuating a robust foreign exchange policy and market confidence in the Uruguay economy. This consistent exchange rate could be attributed to favorable macroeconomic indicators, solid monetary policy, and robust economic management by the Central Bank of Uruguay, boosting investors'' trust and market participants'' confidence in the currency. However, the conversations are not all revolving around the calm. Market-watchers are pointing out the brief morning surge as a sign of the UYU''s potential bullish trend in the face of global uncertainty. This resilience marks the currency as one to watch in the upcoming days, inviting speculation on potential upward mobility. The coming weeks are expected to bring more clarity. Investors and market analysts will be focused on the global economic climate and its implications for the exchange rate. The Uruguay Central Bank''s policy approach will play a critical role in shaping market sentiment. The day''s activities serve as a reminder of the dynamic nature of financial markets. It exemplifies the resilience of the UYU amid global economic unpredictability. As we move forward, investors are optimistic about the currency''s stability, making it an appealing option in the foreign exc+xhange market. The days ahead will provide further insights into the UYU''s trajectory amidst the ever-evolving geopolitical and economic landscape.tability Check: UYU Exchange Rate Demonstrates Resilience Amid Fluctuations"

Just past midnight on March 11, 2024, the exchange rate of the Uruguayan Peso (UYU) against the US Dollar began a gradual descent -starting from 0.03475 - marking the start of a fluctuating 24 hours. Over this period, the rate demonstrated remarkable resilience, with minimal deviations, highlighting the stability of the currency.

The UYU started the day at 0.03475, slowly depreciating to reach a low of 0.03458 by 04:15. However, showing strong resilience, the UYU steadily recuperated, reaching a high of 0.03483 by 09:10. This development marked the most notable fluctuation of the day, before the rate gradually stabilized again around the opening mark.

The early hours of trading saw the exchange rate demonstrate minor fluctuations, indicative of a stable monetary market with limited external shocks. Market analysts attribute this minor volatility to normal market dynamics, which are primarily shaped by supply and demand forces in the global economy.

As the day progressed towards midday, the UYU displayed increased stability, with exchange rates oscillating within a narrow band. This period of calm in the foreign exchange market underscores the stability of the UYU, insinuating a robust foreign exchange policy and market confidence in the Uruguay economy.

This consistent exchange rate could be attributed to favorable macroeconomic indicators, solid monetary policy, and robust economic management by the Central Bank of Uruguay, boosting investors

Current Middle Market Exchange Rate

For information purposes only.