2024-05-21 Unidad de Fomento News
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2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend
The first question is about the overall trend of the exchange rates. Looking at the dataset, there appears to be a general increase in the CTL exchange rate over the period provided. This is evident in the consistently upward moving exchange rate figures, barring a few fluctuations. The rate starts from around 41.96 and ends at around 42.25, showing a clear upward movement. However, the rate increases are not uniform or steady - there are periods of decrease or stagnation too, indicating a fluctuating pattern.
Seasonality Analysis
In time series data analysis, identifying seasonality or recurring patterns is crucial. For the given dataset, it is difficult to pinpoint a solid seasonal trend from a cursory look at the data. This is mainly because the data points are at 5-minute intervals and we do not have enough historical data (for instance, for several years) to confirm any seasonal trends like monthly or quarterly patterns. However, there are some repeated patterns of daily increases and decreases, which indicates that the exchange rate might be influenced by factors within the day.
Outliers Analysis
Identifying outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality, is important. From the given dataset, there are cases where the exchange rate shows a significant jump or drop within a short time period - for example, the drop from around 42.25 to 42.15 within 10 minutes around 20:00 on May 20, 2024 could be considered an outlier. Several similar instances can be found throughout the dataset. This points towards sudden market movements possibly caused by immediate external factors.
![Unprecedented Rise in CLF Exchange Rate Stirs Market in 2024](http://currencymart.net/images/news/unidad-de-fomento/2024-05-21/img-I2If8j6k0Zxke4N1sCqX1HWH.webp)