ARS Exchange Rate Witnesses a Historic Stability in Over 24 Hours

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:


Overall Trend of Exchange Rates

Reviewing the data, one of the core elements that is clear is that the ARS exchange rate has been kept relatively stable for a long duration. Specifically, from 2024-03-12 00:00:02 to 2024-03-12 12:55:03, the exchange rate was fixed at 0.00159. However, a gradual increment was noticed after 2024-03-12 12:55:03, rising from 0.00159 to 0.00166 at 2024-03-12 17:00:02. Notably, there was a drop at 2024-03-12 18:35:03 back to 0.00159 which was sustained until the end of the given time frame. This highlights a general trend characterized by a long period of stability, a rise, then a return to the initial stable state.

Identifying Recurring Patterns and Seasonality

In this dataset, determining seasonality or recurring patterns is somewhat challenging due to the largely constant rate over the specified time period. However, the upward pattern observed beginning at 2024–03–12 12:55:03 and ending at 2024–03–12 17:00:02 may signal some level of intra-day seasonality that could be further explored with more data.

Outliers Noted in the Exchange Rates Data

Throughout the given time frame, the dataset does not seem to have any distinct outliers. The exchange rate remains fairly stable, devoid of any unexpected or significant spikes or drops. The only noteworthy change as mentioned earlier was the incremental increase and subsequent drop back to the initial rate. However, this can more accurately be characterized as a change in trend than an outlier.


While this analysis has strived to provide a comprehensive understanding of the provided exchange rate data, it is important to note that it has not considered external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Such external factors often greatly influence foreign exchange rates and, if available, should be incorporated into a more comprehensive time-series financial analysis.

Keeping consistent with other markets across the globe, the Argentinian Peso (ARS) witnessed an astonishing period of market stability on March 12, 2024. For more than 24 hours, the ARS exchange rate stayed the course, undeterred by volatility usually synonymous with the financial world. Commencing at the stroke of midnight on March 12, the ARS exchange rate locked itself at 0.00159. Whether by sheer market determinism or some subtler economic mechanism at work, this rate remained unchanged for the vast majority of the day. As seasoned market observers would assert, such an extended interval of stability is an anomaly, especially involving a currency like ARS, which often sees mild to moderate fluctuations throughout a trading period. The novelty of this event adds intrigue to the realm of global currency exchange markets, and specifically to those operating with ARS. The majority of the trading day saw the ARS steadfast at 0.00159. However, not to disappoint the expecting spectators, there was a moderate uptick starting at noon. The persistence of stability throughout the morning session and the measured rise in the afternoon resulted in a daily peak of 0.00166. Finally, in a twist concluding the day, the ARS circled back to its start position of 0.00159 within the last hour. Such a fitting end to a day of unusual steadiness further emphasises the uniqueness of the episode. This entire sequence of events is a testament to the inherent unpredictabilities of financial markets. This episode also demonstrates that our understanding of market dynamism constantly evolves. Thus, one cannot overlook the potential influences these episodes could have on shaping future financial models and theories. Economic impacts of such rare stability are undeniably of significant interest. A steady exchange rate can offer a sense of economic stability, attracting foreign investments and encouraging domestic business growth. However, a prolonged stability period can alternatively raise concerns over market stagnation and might potentially stifle competitiveness. Nevertheless, this one-day spectacle''s broader implications remain uncertain until assessed over a more extended period. Analysts and investors will closely monitor the ARS’s performance in the coming days to either vindicate or challenge their market predictions. As we tread into the future, it is prudent to remember that the intricacies of financial markets continue to baffle, engage and captivate us in unique ways. Therefore, market enthusiasts and investors alike should prepare for another day of potential mystical market behaviour.ARS Exchange Rate Witnesses a Historic Stability in Over 24 Hours

Current Middle Market Exchange Rate

For information purposes only.