2024-05-16 Argentine Peso News
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2024-05-15
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
The overall trend seems to be very stable. If we look from the first timestamp to the last one, the exchange rate remains the same. It keeps the value of 0.00154 almost entirely, with a slight downward change to 0.00153 between 10:35:03 and the early morning hours of the next day. However, this individual decrease in exchange rates could be an outlier.
Seasonality or Recurring Patterns
Considering the data provided, we can't identify any noticeable seasonality or recurring patterns in the changes of exchange rates. The values seem to be constant across different timestamp. Patterns in exchange rates often become noticeable when there are considerable fluctuations in the rates, which isn't the case in this dataset.
Outliers
As mentioned above, there is a small drop in the exchange rate between the timestamp '2024-05-15 10:35:03' where the exchange rate drops from 0.00154 to 0.00153. This variation persists for some time until the timestamp '2024-05-15 20:15:02', where it comes back to 0.00154. From this observation, we can call this a minor outlier in the dataset. However, given that this a small change, its impact might be negligible.
In conclusion, the exchange rates remained stable across the different timestamps with a small and negligible change. Considering the extent of the data provided, no seasonal patterns or trends can be identified. The outlier noted does not show a significant deviation from the majority of the values.
![Stability Holds Strong for ARS Exchange Rate](http://currencymart.net/images/news/argentine-peso/2024-05-16/img-U5Ffw2B9fxVTcOe0Xk4mAiFS.webp)