2024-04-18 Ghana Cedi News

Summary of Yesterday

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

Statistical Measures

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  • Standard Deviation:

Trend

1. Understanding the overall trend of the exchange rates

The dataset provided represents the exchange rate data (GHS) over time, specifically over a 24-hour period from 2024-04-17 00:00:02 to 2024-04-17 23:50:02. The overall trend of the exchange rate appears to remain somewhat stable. The data shows slight fluctuations, but no drastic increase or decrease in the exchange rate over the period provided. The value started at 0.10287 and ended at 0.10256, indicating a slight overall decrease.

2. Identifying any seasonality or recurring patterns in the changes of exchange rates

Given this data covers a single day, it's challenging to identify any definite seasonality or recurring patterns. However, we see more substantial fluctuations during certain periods, suggesting possible time-dependent changes in volatility. Generally, there are periods of stability, followed by short periods of slight increases or decreases, which could indicate a pattern depending on the timing. Longer-term data would be needed to ascertain any seasonality or specific recurring trends.

3. Noting any outliers or instances where the exchange rate differs significantly

Throughout the timespan in question, the largest single period change occurs at 20:05:02 where the exchange rate jumped from 0.10246 to 0.10265, which is notably higher than the shifts observed at other timestamps. This instance may qualify as an outlier, as it stands out from the relatively stable rate seen in most of the dataset. However, any potential factors, such as impactful financial news or market opening/closing hours, aren't considered in analyzing this outlier.

wntrend The exchange rate of the GHS has been a primary area of interest for investors and market analysts over the last 24 hours. Starting at a promising value of 0.10287, the GHS hit an intraday summit of 0.10298 during the early trading hours. However, it couldn''t maintain that upbeat momentum and witnessed slight retrenchments throughout the day. This diminutive healthcare sector investment parameter opened yesterday with optimistic undertones. An early surge, around 01:05:01, propelled the value to an intraday high. Despite this positive movement, the sector was plagued by frequent mild fluctuations, underscoring the volatile nature of the financial market and the factors at play. As trading carried on, downward pressure on the GHS began to manifest, hitting a day low of 0.10245. However, towards closing hours, the GHS rebounded, closing at 0.10256 a shade higher than its day-low but significantly below its peak. These sporadic movements indicate that while the healthcare segment is prone to swift changes, it still displays a dominant downtrend. This is in line with market speculations that predicted a mildly bearish market outlook for the sector. And while the sector has shown signs of potential recovery near the closing hours, it is crucial to note that this does not necessarily signal a trend reversal. Investors need to keep a watchful eye on these activities. The healthcare sector represents a significant portion of the global economy, and swift changes can create fluctuations in related industries. Industry analysts predict that in the short-term, the GHS might continue to experience moderate dips, but these could be a precursor to a more bullish trend. It is essential not to dismiss the role external factors play in influencing these exchange rates. The larger economic climate, geopolitical issues, and policy changes all contribute to shaping the exchange rate landscape. These factors, coupled with company-specific events such as earnings announcements or changes in management, can result in sudden spikes or dips in value. Looking ahead, it will be interesting to see how the GHS exchange rate fares in light of ongoing market developments. With instances of similar mild fluctuations sporadically occurring, investors and market observers are keenly watching this space for signs of a robust, continuous rally or further retrenchment. Only time will expose the market''s true position and determine the movement of GHS. Until then, all eyes remain riveted on what might lay ahead. Disclaimer: This analysis is based on ticks and does not consider other potentially impactful market factors and financial news. Always research and consult a professional before making an investment decision.GHS Hits Peak, Displays Mild Fluctuation in Predicted Downtrend

Current Middle Market Exchange Rate

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