2024-04-22 Peso Uruguayo News
2024-04-21
Summary of Last Week
- 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
From the data provided on the UYU exchange rates over time, it can be observed that the trend seems to exhibit a slightly upward trend. This means that generally, the value of the UYU has increased over the given time period, albeit by a small margin. The data starts on 2024-03-22 when the exchange rate stood at 0.03521, and ends on 2024-04-19, where the rate has increased to 0.03579. This shows an increase in value of the UYU over this given period.
Identifying Seasonality and Recurring Patterns
While analyzing time-series data like this, recognizing patterns and potential seasonality can be immense value. However, it's important to note that detecting seasonality in just a month's worth of data can be challenging and may not provide the most accurate results. Furthermore, with the data provided, it is difficult to identify any significant or consistent patterns that would suggest a strong seasonality in the exchange rates.
Noting Outliers and Significant Variations
Upon analysis, a few potential outliers or significant variations can be identified in the dataset. For example, the exchange rates had a significant drop at 2024-04-03 08:00:02 when it fell down to 0.03585 from 0.03622. Another noticeable variation is at 2024-04-11 22:00:02 where the rate dropped to 0.03486. These instances may have been influenced by unforeseen financial events or market fluctuations, however, without external context or additional information, it's difficult to definitively identify the causes. Understanding the reasons for such outliers could provide valuable insights into the dynamics of the exchange rate.
