2024-04-30 Gourde 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:

Trend

Analysis Introduction

The exchange rate (HTG) dataset you provided comes in the format of time series, with data points recorded at sequential time stamps. This format of data can provide insights about the trend, seasonality, and potential outliers in the financial factor being examined, which is the exchange rate (htg) in this case.

Overall Trend Analysis

The general trend observed in the exchange rate (HTG) over the period presented in this dataset primarily includes minor fluctuations. It starts from an exchange rate of 0.01028 and ends at the rate of 0.01032, experiencing a slight increase. Thus, the trend is predominantly stable with a very slight increase in the value of the exchange rate.

Seasonality or Recurring Patterns

Given the granularity of this time-series dataset where data points were taken every few minutes, within the time frame of this dataset, any distinctive seasonality or recurring pattern within the daily data is not apparent. This lack of clear pattern might be due to the short-term nature of the data collection intervals. For more accurate seasonality detection, longer intervals like monthly or yearly recordings might be needed. So, on the basis of this dataset, we cannot confirm any specific recurring pattern or seasonality trend.

Outliers Identification

There are no prominent outliers in the data. All the rate changes are of very minor nature, and no significant sudden increase or decrease in the rate that would distinguish a data point as an outlier is seen. The exchange rate remains fairly consistent, ranging between 0.01028 and 0.01032, never deviating significantly from these values within the given period.

Conclusion

In conclusion, the overall trend in the exchange rate over the time period in this dataset is generally stable with a slight upwards trend. Seasonal patterns could not be identified due to the short duration of intervals between data values, and there are no significant outliers within this dataset.

24-hour span In the realm of exchange rates, new data reveals minor fluctuations in the HTG (Haitian gourdes) currency over a 24-hour period on the 29th of April, 2024. This continuous cycle of rise and fall showcases the inherent dynamism and unpredictability inherent in the world of international finance, with implications for both markets and future trends. The day opened with the HTG trading at 0.01028 before it witnessed a minor increment to reach 0.01029 within the first fifteen minutes. This level remained fairly stable for the following several hours before experiencing a slight upward adjustment to 0.0103. By 2:05 AM, the rate had crept up to 0.0103, where it settled until late morning. Around 7:40 a.m., the exchange rate peaked at 0.01031, marking the highest point for the day. This position lasted for a couple of hours until 10:05 a.m., when it receded back to 0.0103. Nonetheless, it returned to 0.01031 by midday and maintained this stable rise for most of the afternoon. By 8:15 PM, the day reported its highest leap to 0.01032 where it remained consistent until the day closed out. This represented a mere 0.00004 increase compared to the opening value but underlined the subtle dynamism that often goes unnoticed in the exchange market. In the grand scheme of international finance, these fluctuations might seem insignificant. However, for investors, small-scale traders, and businesses that deal with the HTG on a daily basis, understanding these trends is crucial. Even minor shifts in exchange rates can have significant implications for buying and selling decisions, arbitrage opportunities, and overall profit margins. This dataset exemplifies the importance of intraday analysis in financial markets. Although the majority of news headlines focus on shifts over weeks or months, appreciating these short-term changes can provide valuable insights into the financial market''s micro-movements. Looking ahead, watchers of the HTG exchange rate should not overlook these minor swings. As the global economy continues to recover from the COVID-19 crisis, these movements may start to reveal clues about larger macroeconomic trends. For those who remain alert to these movements, the potential advantages are clear. By understanding the minor fluctuations in exchange rates, they can make informed decisions that might yield major benefits in this dynamic and unpredictable market. As always, the world of finance remains a playing field where the most informed participants often reap the most significant rewards.Minor fluctuations observed in HTG exchange rate within 24-hour span

Current Middle Market Exchange Rate

For information purposes only.