2024-03-12 Guarani 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

Overall trend of the exchange rates

Analysing the timestamp data against the foreign exchange rates (PYG), it's apparent that the value mostly fluctuates between 0.00019 and 0.00018. There is a general decline around the period 2024-04-23 02:30:02 until 07:40:03, where the rate drops to 0.00018. This value then stabilizes for a considerable period, indicating a downward shift in the exchange rate during this timeframe. The rate then gets back to 0.00019 around 20:05:02 and keeps this level until the end of the provided period.

Seasonality or recurring patterns in the changes of exchange rates

While more data would be needed to make conclusive statements about seasonality, with the dataset provided, there are no immediate indications of cyclical or seasonal patterns. The exchange rates consistently stay around the 0.00019 and 0.00018 mark with a very low level of volatility. The downward shift around 02:30:02 and the climb back up around 20:05:02 are noteworthy events but do not necessarily imply a recurring pattern. More data running across multiple days would be needed to confirm or deny this potential pattern.

Identification of Outliers

Given the small range of variability, i.e., between 0.00019 and 0.00018, there are no noticeable outliers within the provided dataset. All recorded exchange rates huddle close to the mean, indicating consistently low volatility during this specific time period.

Additional Notes

While this dataset does not explicitly indicate any specific events or show the effects of the opening/closing of markets or the release of key financial news reports (as these factors have been disregarded in this analysis), the analysis does suggest a fairly stable market for the PYG currency during the period shown. It further stresses the importance of looking at more data over a longer period to understand cyclical patterns better and locate potential outliers more decisively.

The Paraguayan Guarani (PYG) exhibited an astonishing level of stability in a span of twenty-four hours in the world''s volatile currency exchange market, which could potentially suggest significant implications for the market and the country''s economy. The time-series data for March 11, 2024, noted an undisrupted steadiness in the PYG’s value. From the early hours in the morning, the PYG exchange rate stood at 0.00018, revealing a slight fluctuation to 0.00019 within the first two seconds. Yet, remarkably, the currency maintained firm at a stalwart exchange rate of 0.00019, with only minor deviations back to 0.00018 a few times for the rest of the day. Stability in currency exchange rates is an uncommon occurrence, given that they are known to be constantly changing due to multiple factors that affect the supply and demand for specific currencies. This includes inflation rates, interest rates, public debt, political stability and economic performance, to name but a few. But why does this consistent steadiness matter? The primary reason lies in the implications it has on Paraguay''s economy. An unwavering currency value suggests low inflation, which means the costs of goods and services are stable - an advantageous condition for domestic consumers and potential foreign investors. Besides, a secure and predictable currency value makes the country a more attractive ground for investment. The PYG''s performance is commendable given the global economic climate''s unpredictability. The consistency in currency is akin to still waters in the storm, offering a sense of security while investment decisions are made, and potential risks are assessed. Yet, while the stability is a positive aspect, it''s critical to not overlook the slight variations that took place during the course of the day. Although the PYG maintained a majority of the time at 0.00019, it did drop back to 0.00018 a few times. The slightest changes in the exchange rates, although minimal, should not be dismissed. These fluctuations can be signals of forthcoming trends or shifts in economic policies, consumer behaviour, and market dynamics. In the future trading scenarios, while the observed consistency can be a positive indicator, traders should remain vigilant for possible variations. They should consider factors like anticipated changes in the country''s economic policy, inflation rate, and global economic trends. This kind of diligent analysis and prediction of currency behavior is serveral for staying ahead in the continuously evolving world of foreign exchange markets. The unique episode of the PYG''s unyielding stability is a subtle reminder of the unpredictable nature of foreign exchange markets, a realm where absolute steadiness is an exception rather than a rule. This anomaly offers an ideal ground for financial studies and market behavioural research - a rare feature worth delving into. As the markets continue their ebb and flow dance, one can only wait and watch for what will unravel next.wavering Stability Observed in PYG Exchange Rates

The Paraguayan Guarani (PYG) exhibited an astonishing level of stability in a span of twenty-four hours in the world

Current Middle Market Exchange Rate

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