2024-05-21 Philippine Peso News
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2024-05-20
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
Understanding the Overall Trend
Upon reviewing the provided dataset, it can be inferred that the exchange rate for PHP (Philippine Peso) does not show a strong trend over the time series data provided. The rate starts at 0.02355 & ends slightly lower at 0.02347. The changes in exchange rates indicate slight fluctuations but they are minimal and generally hover around the same average value. Hence, one can say that the exchange rate remained relatively stable over the given period.
Identifying Seasonality or Recurring Patterns
The data does not demonstrate clear seasonal patterns in the exchange rate. Though marginal fluctuations can be observed, they do not appear to follow a consistent pattern. Regular intervals of increase or decrease in values that might indicate hourly, daily, or weekly cycles are not clearly evident. Therefore, it may be concluded that the data does not show any clear seasonality or recurring patterns.
Noting any Outliers
Regarding potential outliers, the data does not present any instances where exchange rates differ significantly from the average value. All variations seem to be incremental and no sudden jumps or falls appear in this timespan, hereby indicating the absence of outliers in this dataset.
Please be reminded that this analysis is strictly based on the provided information and did not account for external market factors, events, or financial news that may impact the exchange rates.
![Despite Minor Fluctuations, PHP Exchange Rate Maintains Stability](http://currencymart.net/images/news/philippine-peso/2024-05-21/img-8FWUjMHtnuqG1S51ExrVC7pr.webp)