2024-04-19 Gourde News

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Data Overview

The provided dataset comprises of HTG exchange rates timestamped varying usually every 5 minutes, from 18th April 2024 00:10:02 to 18th April 2024 23:55:02.

Overall Trend Analysis

The data begins with an exchange rate of 0.01041, after which it generally fluctuates between 0.01041 and 0.01036 throughout the given period. This is a relatively tight range of variation, indicating that the exchange rate has primarily remained relatively stable over the course of this one-day period.

Identifying Seasonality and Recurring Patterns

Within this one-day timeframe, it appears difficult to ascertain any discernible seasonal or recurring patterns. This short period may not provide sufficient data to analyze for cyclical or seasonal trends that typically become noticeable over longer timeframes like weeks, months, or years. However, one observation made was instances of a very slight drop in exchange rate value from 0.0104 to 0.01036 towards the latter third of the observation period.

Outliers Analysis

From the current observation, there are no significant outliers in the data. The fluctuations in the exchange rate are slight and mostly contained within the observed narrow range, which suggests that the rates are fairly consistent with any changes not being drastic enough to qualify as outliers.

In conclusion, within this 24-hour window, the exchange rate of HTG has shown light fluctuations, but predominantly remained stable. Without the influence of external factors and the HTG market's opening or closing hours, the insights above are driven purely by the provided data.

certainties In a world of dynamic economic tides, a surprising steadiness has significantly marked the Haitian Gourde (HTG) exchange rate, creating an intriguing financial anomaly worth delving into. Following our in-depth analysis of the time-series exchange rate data spanning across a mere 24 hours period on April 18, 2024, it was observed that the HTG currency remained remarkably stable. Despite minor fluctuations - a sporadic move from 0.01041 to a low of 0.01036 within the day - the HTG currency demonstrated a resilience that defies the unpredictabilities often embodied in forex markets. This steadiness, as market pundits suggest, could be indicative of the efforts of Haiti''s monetary authorities to keep exchange rate volatility in check, or perhaps the manifestation of the low currency demand due to macroeconomic factors or other economic measures. As economic theories posit, foreign exchange rates are typically influenced by a plethora of factors, including interest rates, inflation, political stability, economic performance, among others. In this respect, the stability observed in the HTG''s exchange rate indicates a period of comparative economic tranquility that lingers on the backdrop of a convoluted global financial landscape. This HTG stability is not without impacts. For international investors, currency stability can be both a boon and a bane. While it may encourage investment by reducing the risk associated with exchange rate fluctuations, it could also limit potentials for currency speculations. Locally, persistence in the exchange rate translates to price stability - a favorable condition for both businesses and consumers. It lowers the uncertainties in economic transactions, helping to encourage economic activity within the borders of the Caribbean island nation. However, as every coin has two sides, so does HTG stability. While it presents some pros, the cons are not far behind. For one, this could signal a sluggish economic environment where trade activities are minimal, resulting in low demand and supply of the currency. Furthermore, the stability of the HTG, while currently advantageous in some respects, leaves little room for the currency to respond to future shocks — and in a world of unpredictable economic conditions, such inflexibility could be detrimental. Looking ahead, tracking the trajectory of the HTG exchange rate remains crucial, as shifts, however unnoticeable, often serve as economic compasses, guiding anticipations and directing financial decisions. Therefore, investors, currency traders, and economists alike should keep an eagle eye on the developments in the HTG exchange market and Haiti''s economic fundamentals for signals that might hint at a changing tide. After all, despite current steadiness, the only constant in financial markets – akin to life itself – is change.Stability in HTG Exchange Rate Persists Amid Economic Uncertainties

Current Middle Market Exchange Rate

For information purposes only.