2024-05-21 Philippine Peso News

Summary of Last Month

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

Statistical Measures

  • Mean:
  • Standard Deviation:


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.

Stability In the unpredictable world of forex markets, stability can sometimes be a welcome respite for investors. Date 20th May 2024, was one such day with essential stability in the Philippine Peso as it meandered along the fiscal path. The day started at 00:00:02, with an exchange rate of 0.02355, which remained consistent over the first few hours. However, throughout the day, slight dips and rises marked the exchange rate. It fluctuated from as high as 0.02357 to as low as 0.02344. These slight ups and downs were observed sporadically, yet, by the end of the day, the PHP had managed to claw back to a closing rate of 0.02347 at 23:55:02. This day marked a mostly steady level in the exchange rate of the PHP. For those unfamiliar with finance, these small fluctuations may seem like a mountain out of a molehill. However, in the world of forex, even a small shift can lead to significant impacts, affecting everything from export-import businesses to remittances. Sure, some might say that the exchange rate was somewhat of a rollercoaster throughout the day. Still, in the grand scheme of the forex markets, the PHP essentially maintained a stable position against its paired currency. This short-term level stability in the PHP exchange rate despite minor flux could signal that the PHP has a robust resilience against market volatility. Many factors contribute to this stability - from strong economic fundamentals to effective monetary policy. Such dependability in a currency can serve as a safe berth in the choppy seas of global forex markets. It''s also essential to highlight that this steady pattern is a single day observation. The real trend and forecast can only be identified by examining long-term behavior. In the world of forex, past performance is, by no means, a guarantee of future results. Looking forward, investors and market watchers will undoubtedly keep a close watch on additional data points and developments that may impact the currency''s value and the broader market climate. Either way, the story of the PHP''s stability in an ever-tumultuous forex landscape is a rare tale to tell and leaves much to anticipate for the future. As we step into the new trading day, will this steady trend continue to hold its ground, or will market dynamics push for a change? As always, in the world of forex trading, only time will tell.Despite Minor Fluctuations, PHP Exchange Rate Maintains Stability

Current Middle Market Exchange Rate

For information purposes only.