2024-04-19 Guarani News

Summary of Yesterday

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

Statistical Measures

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  • Standard Deviation:


1. Overall Trend

From the provided dataset, it appears that from the period of April 18, 2024, the exchange rate of PYG remains constant at 0.00019. There is no noticeable increase or decrease observed in the provided timeframe. The exchange rate appears to be in a stable condition, with no significant fluctuations visible, indicating a potentially stable economic situation during the given period.

2. Seasonality and Recurring Patterns

Seasonality refers to any predictable variation that repeats over time, for example each day, week, month, season, etc. As the data provided includes information for just one day with a constant exchange rate, it is not feasible to discern any seasonality or recurring pattern in the exchange rate. In cases where the financial data fluctuates, we could use tools such as autocorrelation functions (ACF) and partial autocorrelation functions (PACF), as well as visual time-series analysis techniques, to identify any recurring patterns or cycles.

3. Outliers

An outlier is an observation that lies an abnormal distance from other values in a random sample from a population. In the case of this dataset, no outliers are identifiable. All the exchange rates provided are observed to be constant at 0.00019 throughout the time series. In usual conditions, outliers could be identified through box plot or z-score analysis, if any distinct fluctuations were present in the dataset.

Please note, these observations are solely based on the provided dataset and do not account for external factors such as market behaviour, significant global events or related financial variables. For a deeper analysis and more concrete conclusions, a more robust dataset which includes more variables and a longer timeline could be used.
ability Across The Board The Paraguayan economy demonstrates an unusual reflection of consistency as figures released show the Paraguayan Guarani (PYG) maintaining a steady exchange rate. The stability of the PYG is exemplified over an extended period as revealed by the data set of April 18, 2024, where the Guarani holds a persistent rate of 0.00019 across the board. The unvarying nature of the PYG showcases its stable structure in the foreign exchange market through multiple timestamps. This underlying steadiness might not seem like groundbreaking news for the uninitiated, but in the world of finance where volatility is the name of the game, the Guarani''s constancy stands out. While other currencies teeter like a see-saw influenced by market conditions and geopolitical tensions, PYG has held its ground, painting a picture of robust internal economic camaraderie. According to the timestamps provided, the consistency of the Guarani remained unaltered throughout the day, amidst various global forex market tensions where currencies conventionally fluctuate. The 0.00019 benchmark became a guarantee on that particular day, underlying the fact that PYG could firmly hold onto its value in the financial theater. This consistent performance by the PYG could be interpreted as the Paraguayan economy''s stern resilience towards external market pressures. For potential investors, a stable currency signifies less exchange rate risk, which can be particularly appealing for those interested in long-term ventures. However, the steadiness of the currency raises questions about its liquidity in the forex market. A currency''s liquidity can be described as the ease of converting it without affecting its market price. Highly liquid currencies typically have high supply and demand, enabling investors and traders to conduct transactions without significant price fluctuations. The PYG''s stability could be seen as an indicator of its relatively lower liquidity in the foreign exchange market. Although this might deter speculative investors and forex traders, who thrive in volatile conditions, it maintains its appeal among those who prefer stability and predictability, such as conservative investors and exporters dealing with Paraguay. Looking ahead, all eyes will be on the Paraguayan economy and the behavior of the PYG. If this stability continues, it may serve as a testament to Paraguay’s economic strength. However, the potential impact on its liquidity in the forex market and its ability to attract diverse investors remain crucial points to observe. As always, in the financial world, only time would tell what''s in store for the PYG. For now, the focus remains on Paraguay''s ''steady as it goes'' approach in maintaining its national currency’s stability.Steady As It Goes: Paraguayan Guarani (PYG) Maintains Stability Across The Board

Current Middle Market Exchange Rate

For information purposes only.