2024-05-13 Unidad de Fomento News
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
Overview of Dataset
The dataset comprises CLF exchange rate data at various timestamps, spanning several months. It oscillates between the values of 38.60110 and 40.84967, with frequent deviations. The data does not provide information on which currencies are involved in the exchange.
Trend Analysis
Initially, there is a slight upward trend in the exchange rate from 39.63378 to 39.70933. This is followed by a dip, reaching a minimum of 38.82138. Then, the exchange rate modestly meanders around the 39 mark until a noticeable downward trend to around 38.6. Fluctuations continue but overall the data shows an upward trend over time, albeit with regular short-term fluctuations.
Seasonality and Recurring Patterns
Given this only being a sample and we are not considering external factors such as market opening hours and financial news, we cannot definitively assert the existence of seasonality in the exchange rates changes. As is usual with financial data, the rates seem to show high-frequency volatility, likely reflecting the constant change in supply and demand within the forex market in response to continually evolving macroeconomic conditions.
Outliers & Unexpected Values
Being characterized by high volatility, it is challenging to definitively categorize a value as an outlier without a more precise definition of what is expected based on the trend or seasonality. However, it seems that most of the values fall within the range of 38.6 and 40.8. Therefore, if any rates significantly exceed or fall below this range, they could potentially be considered outliers.
While these observations provide a snapshot of the data, to fully harness the predictive power inherent in time-series financial data, we would recommend conducting a more sophisticated time-series analysis, incorporating external factors such as major economic indicators, financial news, and market sentiment.