2024-05-13 Gourde News

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Follow Gourde Forecast May 13, 2024
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Summary of Last Week

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

Statistical Measures

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Trend

Based on the HTG exchange rate data provided, a comprehensive analysis was performed to figure out the underlying trends, any patterns that repeat over time (seasonality), and deviation from what is expected (outliers). Here is a summary of the findings:

1. Understanding the overall trend of the exchange rates

The data suggests a gentle, marginal rise in the HTG exchange rate from about 0.01034 to 0.01043, from 2024-04-12 to 2024-04-16. Post this phase, a small declining trend continues till about 2024-04-18 at a value of approximately 0.01037. The exchange rate maintains minor fluctuations for a few days, and then a falling trend is observed from 0.0104 on 2024-04-18 to about 0.01032 on 2024-04-22. This decline is followed by a slight rise and then again a falling trend till 0.0103 on 2024-04-26. Thereafter, the declining trend followed by minor fluctuations continues until 2024-05-01, with the exchange rate being almost stable around 0.01032. A marginal increase is observed at the beginning of May 2024 (around 0.01039), but this is followed by another declining trend towards 0.0103 by 2024-05-02. However, the exchange rate remained considerably stable around 0.0103 until the end of the data series. Overall, the trend indicates a slow, strikingly consistent depreciation of the exchange rate over time.

2. Identifying seasonality or recurring patterns in the HTG exchange rates

Analysis of the time series data shows that some fluctuations in the exchange rate appear to be habitual, likely due to repeating market conditions or trading patterns. Specifically, it seems like there are some daily patterns (within the day) where the exchange rate experiences minor ups and downs. However, the lack of a pattern in terms of specific days of the week or months suggests that there is no prominent seasonality observable over this time frame. Further analysis with a more extended period covering multiple years might reveal seasonal trends more explicitly.

3. Noting any outliers in the exchange rates

As per the data analysis, no significant anomalies or outliers have been noticed in these exchange rates. The data seems to progress relatively smoothly, excluding some minor fluctuations. However, it's vital to keep in mind that in the fast-paced world of forex trading, interruptions or "abnormal" rate changes can frequently be linked to global economic, political, or unexpected pandemic-related events, among other factors, which have not been considered in this analysis.

In summary, it's essential to remember that this analysis is a simple historical analysis of the data provided. While these trends and patterns could continue into the future, financial exchange rates are heavily influenced by a complex mesh of national and international factors, including economic indicators, geopolitical events, and market sentiment, none of which have been included in this analysis.

eek Period The Haitian gourde (HTG) exchange rates have shown interesting dynamics over the past two weeks. In the financial markets, exchange rates frequently fluctuate due to various economic variables. However, based on the time series data obtained, the HTG exchange rates have remained within a considerably stable range during this period, demonstrating potential signs of economic stability amid an uncertain global environment. From April 12th to May 10th, 2024, the exchange rates ranged between 0.01029 - 0.01043. The data over the two weeks showed slight fluctuations but maintained a tight band. This type of behavior can often suggest economic stability, as long-term stability in exchange rates typically correlates with a stable and predictable economic environment. While economists and market watchers may argue over the causes of this stability, it''s important to note that this is a potentially positive sign, especially for a currency like the HTG that has historically experienced higher volatility. Stable exchange rates tend to foster confidence amongst local businesses and foreign investors, potentially leading to increased investment and economic growth. In the context of the global economy, the stability of the HTG exchange rates could be viewed as a buffer against global economic volatility. These mild swings in the currency''s value can potentially alleviate the adverse effects of economic uncertainties, as it reinforces the predictability and stability of the local economy. A steadier exchange rate can also minimize inflation risks, making the local market more attractive to both domestic and foreign investors. It''s also worth examining this stability in connection with Haiti''s economic policies. The Haitian government and its financial authorities might be applying effective strategies to ensure the stability of the nation''s currency. Although the exact mechanisms are not specified in the data provided, we can infer that monetary policies aiming to control inflation, foster economic growth, and attract international investment could be at play here. Looking ahead, the stability of the HTG exchange rate will undoubtedly be a fundamental focal point for the country''s economic perspectives. Investors and market stakeholders should keep a close eye on further developments and economic indices that might affect this stability. This will include tracking any significant modifications in national and global economic policies, as well as forecasting trends or events that could potentially disrupt the stability currently being observed. In conclusion, the stability observed in the HTG exchange rates over this period is a significant occurrence that hints at potentially positive outcomes for Haiti''s economy. However, as with every economic indicator, this should be viewed within a wider context, taking into account other indices and financial nuances. It is only by combining all these perspectives that a comprehensive understanding of the broader economic landscape can be achieved.Signs of Stability Seen in HTG Exchange Rates Over Two-Week Period

Current Middle Market Exchange Rate

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