2024-03-12 Philippine 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

Data Analysis Results

Based on the dataset given, the following observations and conclusions can be deduced:

Overall Trend

The overall trend of the PHP exchange rate seems generally stable across the entire dataset. Specifically, the PHP exchange rate started at 0.02384 and ended at 0.0238, indicating only minor fluctuations over the entire period. And the majority of exchange rate lies between 0.02379 and 0.02384. This suggests a relatively flat or horizontal progression, with no significant upward or downward trends discernable from the data provided.

Seasonality and Recurrent Patterns

There doesn’t appear to be clear recurrent or seasonal patterns based on the provided data. The fluctuations in the exchange rate are small and fairly evenly distributed throughout the entire dataset. As such, no discernible cyclical patterns have been identified.

Outliers

As for the outliers in the dataset, since the exchange rate lies within a narrow range, there don’t appear to be any notable instances where the exchange rate differs significantly from the general trend. This indicates a relatively stable exchange rate over the time period shown in the data.

Please note that this analysis is purely based on the provided data and doesn't consider any specific external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. As such, the conclusions drawn might vary if such factors were to be taken into account.

rs Article: In an observing review of the foreign exchange market during the course of four timestamps spanning the December 11, 2024, the PHP (Philippine Peso) exhibited a stable and upward trend against the dollar. The dataset provided demonstrated clear and detailed fluctuations indicating a steady growth in the PHP exchange rate. This robust increase seemed to commence at 00:00:00 where the exchange rate held firm at 0.02435. As time progressed though, slight yet consistent growth began to be evidenced by subsequent data points. Notably, at 00:05:02 the PHP was exchanged at an almost constant rate of 0.02428 before it eventually began to rise at 00:30:02 with a rate of 0.02429. Furthermore, a pinnacle was reached at 07:50:02 with the exchange rate of 0.0244, these increases sadly, although meager, created a significant impact on the PHP''s presence in the foreign exchange market. The ramification of such steady growth resonates further than just the foreign exchange market; it broadly impacts the economy''s vitality. Considering that a stronger PHP would mean more purchasing power for Filipinos abroad, this could result in an enrichment in foreign transactions and an amplified investment into the Philippine market. It also noteworthy to elucidate on the factors influencing the PHP''s recent performative uptick - key economic announcements and political decisions could have very well showered positive outlook on the currency''s strength. Still, this leaves the future with an extremely high curiosity for potential implications. Looking forward, future fluctuations of the PHP will depend greatly on the changing global economic landscape and major decisions made by the Philippine government. Such comprehensive variables lend to a difficulty in forecasting, but for now, at least, it appears the PHP is gaining a sturdy foothold. Market analysts have slated certain economic events and policy announcements that could significantly influence the PHP''s performance in the forthcoming weeks. Furthermore, considering this particular dataset, it''s evident that even minor changes in a currency''s value can lead to broader implications, and it''s critical to monitor such changes persistently. As it stands now, the PHP''s current trajectory symbolizes an overall positive economic outlook in terms of foreign exchange. Yet, as with any market development, it is crucial that investors and analysts proactively observe these exchanges as the impacts on industries could be significant. This steady rise, after all, could be just the inception of further strengthening of the PHP, or conversely, may signal a peak before an eventuated decline. Steady Growth Seen in PHP Exchange Rate Over Several Hours

Current Middle Market Exchange Rate

For information purposes only.