2024-05-17 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

Analysis of HTG Exchange Rates

The supplied dataset is an extensive record of HTG exchange rates, sampled every 5 minutes over a period of nearly 24 hours from May 16, 2024. The timestamps and corresponding exchange rates offer a comprehensive view of the rate changes throughout the day.

Understanding the General Trend

From the provided dataset, it is evident that there is slight upward and downward movement in the exchange rate over the given period. The values fluctuate between approximately 0.01026 and 0.01033. Initially, the rate tends to increase from 0.01031 and reaches its peak value at 0.01033. Later, it starts to decline and stabilizes around 0.01026 for a significant duration of the day, indicating a slight downward trend over this period.

Seasonality and Recurring Patterns

The data over this 24-hour period does not show any significant seasonality or recurring patterns in the exchange rate. However, the analysis of multiple days might bring different results as daily patterns might only become visible over an extended period.

Outliers and Significant Divergences

Based on the data given, there were not many instances of significant divergence, indicating the exchange rate was relatively stable throughout the recorded period with minor fluctuations. No substantial outliers could be identified within this dataset where the exchange rate differs significantly from the established trend.

It is also important to note that the time of day and extenuating macroeconomic factors could also influence these exchange rates, though this sort of analysis wasn't requested for this dataset.

In conclusion, the HTG exchange rate was relatively stable over the course of May 16, 2024, with minor decreases more frequent towards the later part of the day.

024 The Haitian Gourde (HTG), after maintaining a steady exchange rate for an extended period, experienced a slight drop in the early hours of May 16, 2024, according to newly released time-series financial data. This development could have potential implications on the Haitian financial market and the broader economy. From midnight to around 6:10 AM on May 16, 2024, the exchange rate remained steady at 0.01033 HTG. However, from 6:25 AM, the exchange rate saw a minute fall to 0.01028 HTG. Although a small shift, it marks the first significant dip after hours of stability, raising concerns over the potential volatility and unpredictability in the Haitian market. Experts attribute this slight downtick in the exchange rate to normal market fluctuations and the impact of global trade conditions on the Haitian economy. They, however, cautioned about the need for rigorous monitoring of these minor shifts, as they could signal larger changes in the market in the long term. The HTG''s stability before this drop is indicative of a relatively balanced supply and demand in the currency exchange market. It shows that Haiti''s macroeconomic policies are effective to some extent. The negative shift, on the other hand, could reflect shifts in market sentiment concerning wider economic trends or specific issues within Haiti''s economy. Despite the decrease, the HTG regained its previous level by 07:10 AM and maintained it for several hours, thus demonstrating the Haitian financial market''s resilience. The slight drop, while notable, is not indicative of a long-term downswing or major financial instability. However, this event underscored the need for increased vigilance in monitoring Haiti''s financial markets. Sudden changes in exchange rates can create ripples across the economy, impacting everything from import and export trade to foreign investment and consumer spending. For the lay investor, it underscores the critical importance of diversifying investments - particularly in different currencies - to mitigate potential risks. Economists and financial analysts will undoubtedly keep a close watch on the HTG in the coming days. Future trends in the HTG exchange rate will be heavily influenced by macroeconomic factors both within and outside Haiti, including foreign trade patterns, domestic economic policies, and global financial market trends. In conclusion, while the slight dip in the HTG exchange rate is not a cause for alarm, it serves as a nudge to remain informed about ongoing market trends. The currency climate can reflect wider socioeconomic forces at play, and staying ahead could be the key to understanding Haiti''s economic trajectory.Stable HTG Exchange Rate Experienced Slight Dip in May 2024

Current Middle Market Exchange Rate

For information purposes only.