2024-05-06 Philippine Peso News

Summary of Last Week

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  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

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  • Standard Deviation:


Overall Trend Analysis

It appears that the exchange rates in your dataset fluctuate within a small range from 0.02366 to 0.02435. This suggests a relative stability in the rates over this time period, as there's no significant steady upward or downward trend observed. Instead, the rates seem to vary somewhat unpredictably, but within certain boundaries.

Seasonality and Recurring Patterns

At first glance, the data doesn't show a clear seasonal or repeating pattern in the exchange rates. With the data given, there doesn't appear to be a certain time of day, week, or month when the rates consistently increase or decrease. It's also important to mention that the scope of our data is relatively limited, spanning less than a month, which may not be sufficient to pinpoint longer-term seasonal patterns. A larger dataset spanning multiple months or years could provide deeper insights into possible seasonal fluctuations.

Identification of Outliers

Given the fluctuation range observed in the data, it seems that there aren't any obvious outliers - values that sit significantly outside the expected range based on the overall trend. However, the rate reached its peak of 0.02435 on 2024-04-12 14:00:01, and its lowest point of 0.02366 on multiple occasions. Even so, these figures don't represent a significant deviation from the overall range of the data, and hence can't be considered outliers in a strict sense.

Concluding Remarks

To summarise, the given dataset shows a relative stability in the PHP exchange rates with no clear trend of increasing or decreasing over the provided time period. There is also no repetitive pattern or significant outliers identified within the set. Future analysis may want to focus on longer time spans and consider external influencing factors to gain a more comprehensive overview of the currency's performance.

ncial Uncertainties There has been a systematic shift in the exchange rates of the Philippine Peso (PHP), as observed from the beginning of April, prompting a wave of discussions among financial analysts and stakeholders. The PHP exchange rates have experienced gradual increments, a trend expertly traced to economic circumstances. The story began to unfold on April 5, 2024, when the exchange rate was at 0.02399. Subsequent monitoring over the period points towards a gradual increase with the exchange rate reaching a kind of plateau at 0.02422 between April 10 and April 11. The rates saw further increment, hurling towards an apex point of 0.02435 by April 12. The tale took a turn when a steady decline ensued, paving the way for reduced rates. By April 19, the exchange rate decreased to around 0.0239, and it seemed to have remained relatively stable over the next few days. A minor wobble occured between April 26 and April 30, where the rate seemed to recuperate, moving to around 0.02383. However, in May, the exchange rate appeared to have returned to its upward trend, reaching approximately 0.02397. The fluctuations - the ascent and descent - indulges into much deeper economic issues at play. The gradual uptick in rates at the beginning of the period could be attributable to positive economic developments in the Philippines, inducing a stronger currency. Elements such as improved business sentiments, strong overseas Filipino remittances, and low inflation rate could be vital influencers, providing a buffer against uncertainties in global economies. On the other hand, the contraction in rates might be indicative of factors such as uncertainties in the global economy, inflationary pressures, or adverse geopolitical events impacting the strength of the PHP. The apprehension can influence the demand and supply dynamics in the forex market, leading to oscillations in exchange rates. This pattern plays a significant role as the financial market fundamentals are deeply intertwined with exchange rates. Investors, exporters, importers, and even the average Filipino worker sending remittances from overseas might be impacted by such fluctuations. A robust PHP implies less cost for importers, while a weak PHP can boost the competitiveness of the country''s exports. Looking ahead, the future of PHP exchange rates hinges on several factors. In the short term, market participants will be closely observing the Reserve Bank''s stance on interest rates. In the long term, economic growth, inflation, geopolitical stability, and global economic cues will play a decisive role. The traders, investors, and Filipinos overseas must keep a vigilant eye on these variables to navigate their financial decisions effectively.PHP Exchange Rates Experience Gradual Uptick Amidst Financial Uncertainties

Current Middle Market Exchange Rate

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