2024-05-10 Peso Uruguayo News
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2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the overall trend of the exchange rates
The overall trend of exchange rates in the period shown in the data provided seems to be steady with minor fluctuations over time. There is no clear pattern of a general increase or decrease in the exchange rates. Instead, the rates hover around 0.03577 to 0.03558 with tiny ups and downs. Occasionally, small spikes are evident, pointing to some market volatility or information-driven trading at those moments.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
From a glance at the data, it is not immediately apparent that there is a significant seasonal pattern in the exchange rates. The data would need to be evaluated over a longer timeframe or require a more detailed time-series analysis to identify any potential seasonality. The minor value range variations seem more random than repeating. However, it is noteworthy that the rates slightly decrease toward the end of the dataset.
3. Noting any outliers or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
Upon examining the data, there are no striking outliers in the exchange rates. The changes in rates are fairly regular, with no significant deviations from the overall trend. Furthermore, given the lack of distinct seasonality in the dataset, no unexpected instances related to seasonal patterns have been detected.
To arrive at a more comprehensive understanding, techniques such as timeseries analysis, correlation studies, or advanced machine learning methods could be employed to discern hidden patterns and relationships. Also, while external factors like key financial news or reports are not considered in this case, those are often significant drivers behind exchange rate fluctuations and could be beneficial for a more detailed study.
![UYU Exchange Rate shows Stagnation with Minor Fluctuations](http://currencymart.net/images/news/peso-uruguayo/2024-05-10/img-VmscGsJmlGhjX5W7M1Ca2psH.webp)