2024-04-30 Unidad de Fomento News

Summary of Last Month

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:


Overall Trend Analysis

Upon analyzing the given time series data, it appears that the exchange rate tends to increase over time. There are multiple points in time where this upward trend is clearly viewed. For example, the exchange rate jumps from around 39.61 on 2024-04-29 01:35:02 to approximately 40.07 on the same date at 16:05:03. There is a steady incline throughout the dataset. However, it should be noted that while the overall trend appears to be an increase, there are periods of declines and plateaus as well.

Seasonality and Recurring Patterns

Specific recurrent patterns or seasonality are not immediately apparent within the dataset provided. Since the data isn't spanning over different months or years, it's challenging to confirm any seasonality. However, there might be a slight indication of within-day volatility as the rates sometimes fluctuate notably within short time spans. More data would be beneficial to unanimously confirm these tendencies.

Outliers Analysis

Locating any outliers in the data with the naked eye can be challenging due to the minor variations in the exchange rate. By considering a notable deviation from the general trend as a potential outlier, few instances can be pointed out. For example, the exchange rate jumps from 39.61965 at 2024-04-29 03:35:02 to 39.68254 at 2024-04-29 06:40:02, which could be seen as an unexpected significant increase. However, outliers would be ideally analysed upon conducting a statistical test such as the Z-score or the IQR method.

Ground In a dynamic turn of events for the financial world, the exchange rate of Chile''s Unidad de Fomento, the CLF, saw a remarkable increase as of 29th April 2024. Opening the day at 39.58, the CLF rate embarked on an upward journey, closing at an impressive mark of 40.08—an increase of around 1.3%. During the early hours of the day, the CLF figure maintained relative stability, gradually inching towards 39.6. From there onwards, the exchange rate started exhibiting increased momentum, particularly noticeable after 6.40 am when it hit 39.68. Remarkably, by 11.10 am, the exchange rate had elevated to over 40.0, marking a significant milestone for the CLF. The day was not devoid of fluctuations, however. While the CLF hit a peak at 40.08 around 11.10 am, it experienced a slight decline to around 39.97 in the next hour before an eventual rebound. By 1.00 pm, the rate had reached above 40.02 and showed a more or less upward trend, despite minor fluctuations. This surge in the CLF exchange rate could be attributed to a variety of factors, leading among them being the prevailing global economic conditions and national policy drives. While experts continue to analyze this movement, it''s clear that this upswing in the CLF exchange rate is a monumental event with far-reaching implications. From an investor''s perspective, this significant upturn could open up new avenues, especially for those invested in assets impacted by the CLF exchange rate. For potential investors, this could signal a fruitful time to consider assets influenced by CLF. On a broader economic level, this uptick in CLF could hint at underlying economic stability, and potentially, drive foreign investment into the country. Chile''s Unidad de Fomento is an inflation-based currency, meaning this upward trend could reflect a competitive inflationary environment conducive for business and growth. However, while this upward trajectory of CLF poses potential benefits, prudent investors and policymakers alike must remain aware of the inherent risks. As with all financially linked assets, volatility is a given. Looking ahead, all eyes will be on the CLF exchange rate''s performance over the coming days. While the continued upward trend would consolidate the rate gains, a downward movement could imply temporary market dynamics at play. For now, observers and stakeholders should remain watchful of factors that can affect the CLF exchange, such as national and international economic news, and changes in inflation rates. With a complex interplay of economies at hand, the world of finance always keeps everyone on their toes—an emboldening truth vindicated once again by the CLF''s resilient rally.CLF Exchange Rate Registers Significant Upturn and Holds Ground

Current Middle Market Exchange Rate

For information purposes only.