2024-05-13 Peso Uruguayo News
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2024-05-12
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
Overall Trend Analysis
Reviewing the provided data, it seems the trend of the UYU exchange rate over time isn't strictly increasing or decreasing, but it remains relatively stable. There is a slight range of variation in values- up to 0.0007. This is normal for currencies and does not suggest a particular upward or downward trend, and we can state that the UYU currency is quite stable within the given timeline.
Seasonality Pattern Analysis
For the seasonality or recurring patterns, there's not enough specific data here to pinpoint any clear patterns since there appears no data for specific days in the week or for months in the year. These are common timeframes for seasonality analysis in financial data. Without these data points, we cannot conclusively discern any seasonality or recurring patterns. On the surface, the UYU exchange rate over the given timeline appears to fluctuate irregularly without following a certain pattern.
Outliers Analysis
Outliers in financial data usually stand out by a significant margin when compared with immediately preceding and succeeding data points. However, looking at the given data, no significant outliers are apparent. The fluctuations in the exchange rate are within the range of 0.0007 which is typical volatility and does not qualify as an outlier. Hence, the dataset seems to be generally consistent, with no abnormalities that would suggest 'shocks' or large external influences on the value of UYU.
Please keep in mind this analysis was limited to the data provided, and did not consider any specific events external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Additionally, it does not generate any forecast for future rates.
![U Exchange Rate Witnesses Significant Volatility in April-May 2024
In the last two months, specifically April to May 2024, the Uruguayan Peso (UYU) displayed notable fluctuations against other currencies. The constant fluctuation has surprises amid forecasts that predicted a relatively stable period. The UYU has unarguably taken a roller coaster ride, and the stakeholders are trying to unravel the fundamental economic implications involved.
The journey began at the beginning of April when the exchange rate started at 0.03562. As time proceeded, moderate volatility was noticed, with the rate experiencing a short-term rise to 0.03569 before dipping to the month-low of 0.03542, and then closing April at a relatively high 0.03595 after peaking at 0.03594 just earlier. Such movements provided cheeseparing fluctuations, yet, indicated greater volatilities lying ahead.
The pictorial representation of UYU](http://currencymart.net/images/news/peso-uruguayo/2024-05-13/img-0DOMOFOge89g6wb0ipcFYh3I.webp)