2024-05-22 Argentine Peso News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
The timestamps in the dataset account for every five-minute interval in a 24-hour period. The ARS exchange rate is provided for each timestamp, creating a time series record of changes in ARS exchange rates throughout the day.In general, time series data like these could potentially reflect longer-term trends, seasonal patterns, and outliers in the data. However, the data given shows the ARS exchange rates on one specific day - May 21, 2024.
Overall Trend
The overall trend of the exchange rate throughout the day is mostly stable at 0.00153. However, from the timestamp '2024-05-21 07:35:03' onwards there are small periodic fluctuations where the exchange rate increases to 0.00154 before reverting back to 0.00153. These fluctuations continue in a seemingly random pattern throughout the rest of the 24-hour period.
Seasonality and Recurring Patterns
As the data provided is only for one day, it is not possible to identify any seasonal or recurring patterns. Usually to identify seasonality, exchange rate data would need to be analyzed over a longer period of time, such as years. Certain factors such as economic indicators and financial news events can also contribute in identifying recurring patterns, but these are not considered in this analysis.
Outliers
Given the range of the exchange rate values (between 0.00153 and 0.00154), there are no significant outliers in the data set. Outliers are typically considered as values that significantly differ from the other data points, but in this case, all values are within a very close range.
In conclusion, while the data given is a detailed account of ARS exchange rates on a single day, the lack of long-term data makes it difficult to determine any significant trends, seasonal patterns, or outliers within this dataset. Additionally, the fact that there are very few fluctuations in the exchange rate values limits the insights that can be drawn from this type of analysis.
![Unchanging ARS Exchange Rate Inspires Market Stability](http://currencymart.net/images/news/argentine-peso/2024-05-22/img-KYfu6KWWe4dLhOh6dVNLbc5E.webp)