2024-05-02 Chilean 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:


Overall Trend Analysis

The dataset indicates three unique exchange rates, 0.00145, 0.00144 and 0.00143, recorded over different timestamps within a 24-hour period. The range of these values suggests fairly stable exchange rates within this timeframe. There is a very slight downward trend from 0.00145 to 0.00143.

Seasonality and Recurring Patterns

The dataset doesn't reveal any clear seasonality or recurring patterns for a day. The exchange rates remain stable for specific periods before any changes occur. For instance, the rate remained at 0.00145 for the first few hours before slightly dipping to 0.00144 and later to 0.00143. However, within these periods, the rate remains constant suggesting lack of intra-day volatility.

Outliers and Unexpected Cases

Given the data at hand, there doesn't appear to be any outliers or instances where the exchange rate significantly differs from the overarching trend. The rates in the dataset remain within a very tight range, and no extreme fluctuations occur.

It's important to note that although external factors like market opening/closing hours, weekends/holidays and key financial news are not considered in this analysis, such events do often play a crucial role in financial markets and could lead to deviations in trends, seasonality and the introduction of outliers.

a significant turn of events, the Chilean Peso (CLP) saw a seemingly imperceptible yet steady decline through the month of May 2024. Each step-down in its trajectory signaling minor, but definitely discernible, fluctuations in its value. The data highlights a pattern that began in the early hours of May 1, with the CLP exchange rate holding steady at 0.00145. This pattern continued till the middle of the month when a slight drop was detected. Around 04:15 on May 1, the rate experienced a decrease, slipping to 0.00144. Although the decline was slight, it signified a notable shift in trend. As the month progressed, the CLP exchange rate continued its descent. By 06:25 on the same day, the rate had fallen further to 0.00143. This marked the beginning of a steadier decline that persisted throughout the remainder of the month. The descent, albeit gradual, may seem insignificant to investors at first glance. However, considering the time-series nature of the data, the continuous decline could signal an underlying market dynamics shift. Could this suggest that the broader economy is undergoing a structural change? Or is this decline purely reflective of the market''s periodic ebb and flow? From a macroeconomic perspective, a depreciating currency could mean a variety of things. It might suggest an increased demand for foreign goods, potentially leading to a trade deficit. However, on the flip side, it could also benefit exporters by making their products cheaper and more attractive to foreign consumers. Specific sectors may stand to gain or lose from these shifts. For example, any industry reliant on importing goods or services may see a rise in costs, negatively impacting their profits. However, sectors that primarily cater to exports could enjoy increased competitiveness and improved profit margins. This trend of the depreciating CLP exchange rate may provoke questions about the future course of the economy. However, it''s crucial to remember that exchange rates are influenced by a multitude of factors- both economic and geopolitical. Therefore, such fluctuations should be interpreted within a much broader context. Moving ahead, it''s critical for investors, stakeholders and policy-makers to keep an eye on this trend. The direction in which the CLP exchange rate heads could indicate whether this observed decline is merely a blip or a part of a longer-term trend. Monitoring these changes closely will provide valuable insight into the health and direction of not just the CLP but also the wider economy.Steady Decline of CLP Exchange Rate Through May

Current Middle Market Exchange Rate

For information purposes only.