2024-05-16 Argentine Peso News

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.

Argentinian Peso (ARS) maintained a steady exchange rate over an extended period, demonstrating uncommon stability, according to recent data. This unprecedented consistency was noticeable from the early hours of May 15, 2024, at a rate of 0.00154, and it remained unchanged until the end of the day. In the context of global currencies, where fluctuations are the norm due to various economic indicators and geopolitical factors, such stable performance is noteworthy. Historically, the ARS had displayed noteworthy volatility due to Argentina''s internal economic challenges and exposure to global economic trends. On May 15, however, the exchange rate held firm without a speck of change. The rate of 0.00154 steadily rolled on the graphs at each timestamp, from the midnight to late night hours. A minor fluctuation was seen only once during the entire day - the rate dropped slightly to 0.00153 but quickly recovered within an hour. The rest of the day saw an uninterrupted stability. Stability in a country''s exchange rate reflects a variety of factors such as robust economic health, successful monetary policies, and a stable political climate, among others. This especially holds true for countries like Argentina, which has historically battled hyperinflation and other fiscal woes. This intense and extended stability in ARS''s exchange rate may foster Argentina''s economic growth as it may increase investor confidence in the country''s economy. Stability in exchange rates is an appealing factor for investors as it eliminates the fears associated with currency exposure risk. However, this level of exchange rate stability may indicate that the government might be interfering in the currency markets to defend the value of the ARS. Artificial measures to maintain exchange rate stability can cause significant harm to the economy over time, including the depletion of foreign exchange reserves and a potential debt crisis. Looking ahead, monitoring the ongoing trends for the ARS exchange rate will be essential. If the stability persists, it may indicate a solid recovery in Argentina''s economic fundamentals. However, if this is an anomalous phenomenon, the ARS may return to its historic volatility. Investors and market watchers would do well to keep a cautious and alert eye on these trends, as they unfold in real-time.Stability Holds Strong for ARS Exchange Rate

Current Middle Market Exchange Rate

For information purposes only.