Philippine Peso Forecast

Not for Invesment, Informational Purposes Only

Summary of Yesterday

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Statistical Measures

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    Overall Trend Analysis

    The overall trend in the exchange rates for the PHP from the provided data seems to be relatively stable. The fluctuation in rates is very minor ranging from 0.02413 to 0.02421. That being said, there are minute increases and decreases observed throughout the period, but with little volatility.

    Seasonality or Recurring Pattern

    Given the data set provided, there doesn't appear to be any significant seasonality or recurring patterns in the changes of exchange rates. The rates do not show a consistent pattern of increasing or decreasing at specific times.

    Identifying Outliers

    Looking at the data, it is seen that there are no significant outliers or instances where the exchange rate differs highly from what is expected based on the trend or seasonality. The rates seem to fluctuate within a relatively tight range without any abrupt jumps or falls.

    Please note that the given analysis is based solely on the provided datasets, and does not consider external factors like political events, economic indicators or financial news which can have an impact on the exchange rates.

Summary of Yesterday

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Statistical Measures

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  • Trend

    Overall Trend Analysis

    After analyzing the data, it can be noted that the overall exchange rate is demonstrating a slightly increasing form. The exchange rate data begins at 0.0241 and ends at 0.02415. There is no significant increase or decrease as the variations are very minute (0.00005). This pattern suggests that the exchange rates remain stable over the given period, with only a slight increase.

    Seasonality and Recurring Patterns

    With respect to seasonality or recurring patterns within the data set, there doesn't appear to be any prominent patterns. Given that the data is relatively stable, repeating cycles, if any, are likely to be minimal and not of notable amplitude. However, an observation can be made that every few hours, the rate seems to slightly increase and drop back down to a consistent average which is a repetitive pattern throughout the data.

    Identifying Outliers

    Concerning outliers in the data set, these would typically refer to instances where the exchange rate experienced an abnormally large fluctuation. Based on the data provided, no significant outliers can be identified, probably due to the stable behaviour of the exchange rates during this particular period. Though there are minute fluctuations, none of them can be considered as a significant increase or drop.

Summary of Yesterday

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Statistical Measures

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Summary of Last Month

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Statistical Measures

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    Overall Trend of the Exchange Rates

    The dataset begins on 2024-02-26 00:00:02 with a PHP exchange rate of 0.02414. As the dataset progresses to 2024-02-26 23:55:02, the exchange rate somewhat slightly decreases to 0.02407. While the overall decrease is not significant, it still represents a downward trend within the dataset's period.

    Seasonality and Recurring Patterns

    There isn't clear evidence of seasonality or recurring patterns in the exchange rate data given the timescale of the dataset is relatively short (just a single day) and such patterns generally become apparent over a more extended period. The exchange rate fluctuates slightly throughout the day, but no fixed pattern is discernible from this data set.

    Noteworthy Outliers

    Outliers in this context would be significant deviations from the observed trend. In this dataset, no such outliers are immediately apparent. The exchange rate does not exhibit any severe fluctuations and generally maintains an average rate of 0.02408 with minor movement up and down. This lack of severe spikes or drops suggests the absence of significant market events impacting the PHP exchange rate over the period observed.

    Considerations for Further Analysis

    • While the current analysis does not take into account the impact of specific market events, such influences can have substantial effects on exchange rates. Future analysis might consider these factors for a more comprehensive understanding.
    • Expanding the timescale of the dataset could reveal longer-term trends and seasonal patterns that aren't evident from just a single day's data.
    • While this analysis focused on an end of day comparison, a different approach might look at rate changes within specific periods of the day, potentially revealing patterns related to market opening or closing times.

Summary of Last Week

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Statistical Measures

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    Understanding the Overall Trend

    An examination of the PHP exchange rate data shows that the rate was relatively steady over the period. Starting from 0.02393 on 2024-01-26, it marginally increased to 0.02414 by 2024-02-23. There were minor fluctuations throughout the period, but the difference between the highest and the lowest exchange rates in this set is minimal, suggesting a generally stable rate.

    Identifying Seasonality or Recurring Patterns

    The dataset doesn't provide clear signs of seasonality or specific recurring patterns. With the timestamps being every few hours rather than on a daily or monthly basis, it is difficult to identify any trends related to specific timing. The data fluctuates in a limited range which further compounds the difficulty of identifying any day-to-day or week-to-week patterns. Generally, the exchange rate has stayed consistent over time.

    Noting any Outliers

    From the dataset, it is noticeable that there are no significant outliers. All values stay relatively near to the mean with minimal fluctuations on an hourly basis. As the exchange rate oscillates within a tight range, there is no instance where the exchange rate differs significantly from what would be expected based on its trend.

    Conclusion

    Overall, the analysis suggests a stable exchange rate with minimal fluctuations and no identifiable seasonal patterns or outliers over the given period. Further analysis with a larger dataset or more specific timings, as well as contextual market knowledge, could potentially reveal more complex patterns.

Summary of Yesterday

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Statistical Measures

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  • Trend

    Overall Trend

    From the timestamped data provided, we can observe that the overall trend of the PHP exchange rate appears to gradually ascend. The PHP starts at a rate of 0.02402 at 01:00:02 on (19, 02, 2024) and rises to a rate of 0.02414 at 14:00:01 on (23, 02, 2024). Though there are minor fluctuations throughout the timeframe, the overall trajectory is generally upward. This suggests a gradual buoyancy of the PHP exchange rate over this specific period.

    Seasonality or Recurring Patterns

    While it's challenging to detect precise seasonality or recurring patterns based purely on exchange rates and timestamps, the data does indicate minor daily fluctuations. These could be evidence of some inherent recurring trends or variations tied to specific trading hours. Additionally, the noted fluctuations may also imply certain market volatility during the period under review.

    Notable Outliers

    In this given dataset, the PHP exchange rate doesn't appear to have any significant outliers. All values seem to be within a close range to each other, without any extraordinary rise or fall. Taking from the lowest rate of 0.02402 to the highest rate of 0.0242, the range of fluctuation is relatively narrow, suggesting a period of stability in these specific dates. There is no significant deviation from the general upward trend, thus discernable outliers are not observed in this dataset.

Summary of Yesterday

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  • Difference of Daily High & Low:

Statistical Measures

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  • Trend

    Overall Trend in the Exchange Rates

    From the data given, the exchange rate (PHP) shows a general stability, with slight fluctuations. The rate started at 0.02412 and ended at 0.02414. Throughout the entire dataset, the exchange rate remained in the range of 0.02405 to 0.02418. However, there is a noticeable slight increase in the exchange rates during the later part of the data series.

    Seasonality or Recurring Patterns

    It seems there's no clear day-to-day seasonality in the exchange rates. However, some recurring fluctuations can be noted in the intraday rates, though they are quite minimal. An in-depth analysis with the exact time of the day, weekdays and weekends can provide a clearer perspective on intraday fluctuations.

    Outliers in the Exchange Rates

    Given the minute fluctuations in the PHP exchange rate in the dataset, there doesn't appear to be any significant outliers. The rates maintain relative consistency, with only minor fluctuations typically within 0.0001 difference from the previous rates values, and this is not significant enough to classify them as outliers.

    In summary, the PHP exchange rates in this dataset demonstrate stability with minor intraday fluctuations and no apparent outliers. Further quantitative analyses, such as calculating moving averages or utilizing statistical models, could provide more precise insights on the trends.