2024-05-01 Peso Uruguayo News
2024-04-30
Summary of Yesterday
- 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
From the data provided, we observe that the exchange rates started slightly increasing and remained stable for a significant period, indicating minor fluctuations from 0.03583 to 0.03594. Toward the end of the day, a slight drop in rates was recorded from 0.03595 to 0.03572, which might be due to the market finalizing trades for the day.
Identifying any seasonality or recurring patterns in the changes of exchange rates
Given the data for just one day (2024-04-30), it's difficult to discern any apparent seasonality from this alone, as seasonal trends usually imply cyclical patterns that occur over a longer period (usually observed over at least one year). Thus, a higher level of granularity would give a more accurate idea of seasonality in the data.
However, as per the current data set, an increase is visible at the start of the working day while a decrease is seen at the end of the day.
Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality.
Based on the data available for a single day, there are minor fluctuations in the exchange rate, but there don't appear to be any significant outliers. The dataset seems quite smooth, with no extreme deviations from the general upward and downwards trend.
However, it's critical to note that the presence of outliers typically depends on the larger market forces and can be influenced by a number of external factors. Proper outlier detection would necessitate having data over a longer period and considering larger market trends.
