2024-05-22 Unidad de Fomento News
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2024-05-21
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 of the Exchange Rates
The trend of the given CLF exchange rate is fluctuating. There is not a clear trend of consistent growth or decline in the exchange rate over the given time period. A more in-depth look would help establish a sense of the short-term highs and lows, but the broad strokes suggest a degree of volatility with the exchange rate bouncing within a specific range throughout the time series.
Seasonality or Recurring Patterns
By analyzing the data, it appears there is no clear pattern or seasonality in the exchange rate changes. The data changes frequently, and no consistent cyclical or repeating patterns can be identified. This indicates that the exchange rate is more likely influenced by immediate market conditions rather than any seasonal factors.
Notable Outliers in the Exchange Rates
As for outliers, the exchange rate dataset indicates that there are significant fluctuations in the rates, with instances where the rate changes drastically within short periods. However, without more information or context, it's hard to determine if these instances are true outliers, or if they are simply reflective of the inherent volatility in exchange rate markets.
Note: In real-world scenarios, these fluctuations could be caused by various factors such as unexpected economic news, changes in the national or global economic landscape, or even large trades entering/leaving the market. But as per the guidelines, we haven't considered any external factors in the analysis.To get a detailed understanding of the trend, seasonality, and outliers, it is important to visualize the data using time series plots, scatter plots, box plots, etc. Furthermore, statistical tests can also be used to gain deeper insights about stability, stationarity, and other characteristics of the data.
![Soaring Exchange Rates Witness Substantial Fluctuation Throughout the Day](http://currencymart.net/images/news/unidad-de-fomento/2024-05-22/img-kyCdSsKfPh7uSO2gaKaQ8nIe.webp)