2024-05-20 Argentine Peso News
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2024-05-19
Summary of Last Week
- 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
From the data provided, it would seem that the Argentine peso (ARS) exchange rate is relatively stable throughout the period from 19th April 2024 to 17th May 2024. The ARS exchange rate fluctuates between 0.00154 and 0.00158, a relatively small range; indicating a stable exchange rate within this period. The trend would generally be described as consistent, with minor fluctuations.
Seasonality or Recurring Patterns
Based on the time-series data available, specific patterns or seasonality are not immediately apparent. The exchange rates do not seem to sharply increase or decrease at specific intervals of time. Thus, I cannot conclusively pin down any recurring pattern in the ARS exchange rate during this timeframe without additional data or information.
Outliers Identification
With an ARS exchange rate that largely stabilizes between 0.00154-0.00158, it is noteworthy to point out that the exchange rate slightly drops to 0.00153 on May 17th, 2024. This drop, however slight, could be considered an outlier as it deviates from the overall stable exchange rate. However, given the relatively small magnitude of this drop, it does not signal extreme volatility or cause for concern.
It's also important to keep in mind that it is hard to establish whether a data point should be considered an 'outlier' without a clear understanding of what constitutes a 'normal' range for this specific dataset. Hence, what might seem as an outlier in this context (e.g. exchange rate dropping to 0.00153) might be well within the expected volatility of ARS.
Overall, this comprehensive analysis highlights the general stability of the ARS exchange rate during the examined period. Any minor fluctuations present should be studied further in conjunction with broader economic trends and factors to understand the behavior of the ARS exchange rate fully.
![Steady Decline in ARS Exchange Rate Over a Month Triggers Market Concerns](http://currencymart.net/images/news/argentine-peso/2024-05-20/img-jrp1zn4EVeDbK9VS0F3E3onP.webp)