2024-05-10 Philippine Peso News
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2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of the Exchange Rates
The overall trend of the exchange rates appears to be relatively stable. The data fluctuates around a particular mean value for the majority of the periods observed without any major increases or decreases. However, there are some minor fluctuations observed throughout the day, indicating that the rates adjust, but not by substantial amounts within short time periods.
Seasonality or Recurring Patterns
In observing the data, there does not appear to be a clear seasonality or recurring patterns. The data is constantly changing in minute ways, suggesting that it likely responds to a variety of diverse factors. However, these changes don't portray a predictable pattern over the course of the day. Having said this, a more deep-dive analysis may need to be applied to spot any hidden periodic or cyclical trends.
Outliers or Significant Differentials
Given the minor fluctuations and relative stability of the data, there are no prominent outliers or instances where the exchange rate differs significantly from the trend. Any fluctuations are minor and relatively consistent, suggesting a level of stability in the exchange rate over the period investigated.
External Factors
While no specific external factors were considered in the analysis, factors such as market opening/closing hours, weekends/holidays, and the release of key financial news and reports can all pose potential influence on the minor changes and fluctuations observed in the data. However, due to the relatively stable nature of the data, it's reasonable to assume that any effect from these factors are likely absorbed by the liquidity of the market and hence are not materially impacting the overall trend during the timeframe studied.
Forecast
As per the request, no future forecast for the rates was generated.
![Stable PHP exchange rates maintain steady play through May 9, 2024](http://currencymart.net/images/news/philippine-peso/2024-05-10/img-VRSHDAFmdojJZt5bj9KGMhmE.webp)