2024-05-10 Argentine Peso News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-09
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 overall trend of the exchange rates seems to be relatively stable. The time series starts and ends at approximately the same value of 0.00156 for the Argentine Peso (ARS). There is a minor decrease in the exchange rate around 07:35 till the end of the series, where it fluctuated at a slightly lesser value of 0.00155. However, the difference is very small and the rate can be largely considered stable.
Seasonality or patterns
Upon analyzing the data, there does not seem to be any strong seasonality or recurring patterns within the data provided. While there is a slight decrease in value at a certain timestamp, there does not appear to be a time-series pattern that would categorize it as seasonal. It also needs to be noted that due to the stability of the exchange rate throughout the period, it is difficult to identify any cyclical patterns.
Outliers in the dataset
No considerable outliers were identified in the data. Given that the exchange rate only fluctuates between 0.00156 and 0.00155 throughout the data, the relatively consistent value suggests that there is little volatility in the exchange rate during this period.
Please also note that the above interpretations are derived solely based on the data you've provided and I have not considered any specific external factors affecting the exchange rate such as market opening/closing hours, weekends/holidays, financial news, and reports.
![Unwavering Stability in Argentine Peso Exchange Rates](http://currencymart.net/images/news/argentine-peso/2024-05-10/img-uqrXnvnhNxZ0QKQ6DV9WMXJQ.webp)