2024-04-18 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:


Overall Trend Analysis

Observing the given dataset, it seems as though the exchange rate has been relatively stable throughout the given timestamps. The value of the exchange rate varies between approximately 0.02403 and 0.02417, indicating a very small range. Consequently, there is no prominent trend of general increase or decrease within the data. Instead, the exchange rate appears to fluctuate around a similar value, suggesting a period of market stability.

Seasonality and Recurring Patterns

Given the nature of the data and the constant fluctuations in the exchange rate, it is difficult to identify any obvious seasonal or recurring patterns. This is because exchange rate markets are subject to numerous influencing factors, including interest rates, economic performance, and geopolitical events. In the absence of additional data, it's challenging to ascertain specific patterns. However, changes in the trend do seem to exist within short time intervals, pointing towards a possibility of intra-day seasonality.

Outlier Analysis

In this dataset, there doesn't appear to be any significant outliers or instances where the exchange rate valued dramatically high or low from the rest. Both the maximum and minimum exchange rates are quite close which increases the possibility of no outliers. However, for a more accurate examination, it would be beneficial to use statistical methods such as Z-score or the IQR method for a further and more in-depth analysis.

In conclusion, during the observed period, the PHP exchange rate has remained relatively stable with some fluctuations within the day, with no visible outliers in the provided dataset. It would be beneficial to consider additional variables or expand the data timeframe for a more comprehensive analysis.

ability In a stunning display of consistency, the exchange rates of the Philippine Peso (PHP) have indicated noteworthy stability. The PHP exchange rate, monitored at different times throughout the day, showed very little fluctuation in a day that encompassed the 17th of April, 2024. The evidence suggests continued stability in the Philippine economy, sparking extensive discussions among finance experts worldwide. Beginning at midnight on the 17th of April, 2024, the PHP kicked off at 0.02413, and, with remarkable consistency, remained around this value throughout the day, showing barely any fluctuations. In the world of finance and economic markets, such steadiness is a sign of a healthy and stable economy. In the Philippines'' case, it indicates that the local economy is robust and not subjected to the volatile swings that some other currencies experience. Over the 24 hour period, the PHP exchange rate rarely surpassed 0.02417, and the brief moments when it fell below 0.02403 were rare. This tightly bound range is undeniably a positive sign for both local and foreign investors. Such consistency in the exchange rate offers considerable assurance to those invested in the Philippine economy, providing them with a sense of predictability and lowering their risk of sudden and unexpected losses. Financial experts believe the stability seen in the PHP exchange rate could be attributed to robust monetary policies and healthy economic growth in the Philippines. It implies an economy that is growing at a sustainable pace, something beneficial for domestic businesses and the Philippine labor market. This instance of exchange rate stability, however, can carry implications beyond the Philippines. Foreign businesses that import or export goods to the Philippines will find this stability attractive. Currency exchange risks can be a significant obstacle to international trade and drifting exchange rates, can cause losses to businesses. With the PHP showing consistent rates, businesses dealing with the Philippines are likely to find more certainty, reducing business risk. Investors, especially foreign ones, will also see these findings as a positive indicator. It provides them with an element of certainty regarding their investments, an attribute highly prized in the uncertain world of financial investments. Nevertheless, it''s critical to recognize that while stability is beneficial, it doesn''t guarantee future performance, as exchange rates are influenced by a wide array of factors ranging from economic indicators to geopolitical events. Looking forward, interested stakeholders should monitor key economic indicators, policy announcements from the Philippine Central Bank, and international developments for signs of change. As long as the underlying fundamentals remain strong, and there are no significant shocks, the PHP exchange rate is expected to remain steady, a positive note for current and potential investors.Remarkable Consistency Witnessed in PHP Exchange Rate Stability

Current Middle Market Exchange Rate

For information purposes only.