PHP Continues to Slide Against USD in Intriguing Forex Movement

Summary of Last Week

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

Statistical Measures

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  • Standard Deviation:


Overall Trend of Exchange Rates

After analyzing the data from 2024-04-12 to 2024-05-10, we observe a general downward trend in the PHP exchange rates. The rate started from 0.02426 on 2024-04-12 and ended at 0.02372 on 2024-05-10. This suggests that over this period, the exchange rate for PHP generally weakened against the reference currency.

Seasonality or Recurring Patterns

Regarding seasonality patterns, it isn't evident from the dataset without detailed analysis guided by factors such as day of the week, month, or any other time-based variables. Moreover, a time series of about a month is too short to identify any seasonality or recurring patterns. To establish seasonality, we need to observe the data across that potential recurring time frame, be it a month, quarter, or a year. Therefore, information from a longer period is needed to identify any seasonality in the data.

Identification of Outliers

In observing the data, the exchange rates are all within the same range, and there don't appear to be any significant outliers or instances where the exchange rate differs significantly from the trend. However, without a statistical test or visualization like a boxplot, conclusively identifying outliers is challenging. It is recommended to use such methods for a more precise identification of outliers.

External Factors Analysis

Your instructions indicate that we are not considering the specific trading hour, weekend/holiday effects, or the release of key financial news and reports as our analysis's external factors. For a more comprehensive analysis, such considerations are necessary as they may have a substantial impact on exchange rate movements.


This analysis provides a basic understanding of the trend and the need for a more extended data period to identify any seasonal patterns. It also points out the importance of a thorough external factor analysis and use of proper statistical tools for outlier identification. Consequently, it provides insights into the additional steps required for a more comprehensive analysis.

## Article The USD to PHP (Philippine Peso) exchange rates continue to show fascinating trends, as the PHP once again started on a downward trajectory in mid-April 2024. As it is evident from the provided dataset, the numbers indicate an overall decline in the value of the PHP currency during this time frame towards the end of May 2024. This period kickstarted with the PHP exchange rate marked at 0.02426 on 12th April 2024. The PHP showed marginal oscillations during the next few days, hitting the highest rate of 0.02435 during this interval. However, a careful observation of the data reflects a continual depreciation in the rate, notwithstanding a few temporary recoveries. By 25th May 2024, the PHP value had fallen to 0.02372, signaling a 0.00054 fall, equivalent to a 2.22% depreciation in its value. This falling trend showcases a noteworthy event in forex trading markets, emphasizing the PHP''s volatility against the USD during this time. As we delve deep into this, it is vital to comprehend the factors accountable for this fluctuating trend. Numerous factors influence currency exchange rates, including inflation rates, interest rates, country''s debt levels, and political stability. In a globalized world, international events, such as trade wars, global pandemics, and geopolitical tensions, could also have significant impacts. The decline of PHP''s value against the USD indicates that the US economy has been performing strongly or that the Philippine economy is witnessing a slowdown, or both. This depreciation makes imported goods more expensive in the Philippines, impacting the nation''s inflation rates. As the forex market involves economies worldwide, any currency depreciation is not just an isolated event. It impacts commodities, shares, and bond markets, affecting businesses and consumers in the meantime. A weaker PHP could be beneficial for the Filipino overseas workers and the BPO industry as they receive or earn in USD, and a higher conversion rate increases their earnings in PHP terms. As the market braces for the future, it''s crucial to stay informed and prepared. The forex market''s dynamic nature could reverse the PHP depreciation, or it may continue on its downtrend. It''s worth paying attention to key indicators like the USD-PHP exchange rate, inflation rate, geopolitical events, and economic announcements. These elements could predict the future trajectory of exchange rates. In conclusion, the observed downward trend of the PHP against the USD has significant implications across several sectors and individuals, impacting both local and global economies. It serves as a continual reminder of the constant changes and the intriguing dynamics of the global currency market.PHP Continues to Slide Against USD in Intriguing Forex Movement

Current Middle Market Exchange Rate

For information purposes only.