2024-05-14 Philippine Peso News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-13
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the overall trend of the exchange rates.
From the provided data, the overall trend in changes of exchange rates can be observed. Beginning on 2024-05-13 at midnight with an exchange rate of 0.02367, the data stays relatively stable throughout the time period ending on 2024-05-13 at 23:55:02 with a rate of 0.02364. The decrease in the exchange rate from the start to the end of the time frame points to a slight but consistent downward trend in the PHP exchange rate over this period.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates.
From the analysis of this single day's worth of data, it's hard to determine any significant recurring patterns or seasonality in the exchange rate changes. The data needs to span a longer period, ideally including full weeks, months, quarters, or years, to accurately identify any potential seasonal or recurring trends.
3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality.
- There is a small dip in the exchange rates at around 16:45:03, where the exchange rate dropped to 0.02362, which is a bit lower than the overall observed rates. However, this could likely be the result of normal market fluctuations, and it recovered to 0.02365 by 17:05:03.
- A similar decrease back to 0.02362 happens at 22:05:02. However, it stays stable at this level until the end of the dataset, not indicating any major outliers.
Overall, the exchange rates over the course of the day depicted in this dataset remain largely consistent, showing a slight downward trend, but no significant outliers or clear patterns of seasonality can be identified from this single-day data set.
![Stability Defines PHP Exchange Rates Amid Minor Fluctuations](http://currencymart.net/images/news/philippine-peso/2024-05-14/img-iXyAhQayxWiPeW3VeqHMhBds.webp)