2024-05-02 Unidad de Fomento News
2024-05-01
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend
Based on the provided timeseries data, the trend of the exchange rate indicated a slight increase over time from the start of 2024-05-01 until approximately mid-way through the day, peaking at around 40.1091. The trend then gradually tapered off throughout the rest of the day, bottoming out at around 39.38403 before gradually rising and ending the day around 39.43062.
This trend is gradual, and it suggests a somewhat volatile exchange rate that increases and decreases throughout different timestamps in the day, but overall remains within a general range of 40.1091 at the highest and 39.38403 at the lowest.
Seasonality or Recurring Patterns
No specific seasonality or recurring patterns are immediately evident from the data provided. Given the short time frame (less than one day's worth of data), it's difficult to ascertain a recurring daily pattern. However, an increase in volatility appears during the start of the day, followed by a decrease which could potentially signal morning trading activity in the financial market.
Outliers
In terms of outliers, two notable instances can be seen in the dataset. The first significant drop in exchange rate occurs around 2024-05-01 04:15:02, where the rate drops from around 40 to approximately 39.65. The second considerable drop happens around 2024-05-01 13:30:03, where the rate falls from roughly 39.5 to approximately 39.0.
These outliers diverge significantly from the general trend and could be of interest when considering what factors may have caused these sudden changes.
Consideration of External Factors
Despite not taking into account any external factors such as market opening/closing hours, weekends/holidays etc., it’s essential to acknowledge that the financial market context (such as important economic news or global events) could impact the exchange rate and could be part of the explanation for the observed rate changes or identified outliers.