2024-04-23 Guarani 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:


Looking at the provided dataset, we can make several observations:

1. Understanding the overall trend of the exchange rates

The data given is about the currency exchange rate from April 22, 2024. Each rate presented represents the price of an asset at a five-minute interval. Essentially, the given exchange rate (0.00019 and 0.00018) remains stable for most of the time. However, there's a slight decrease observed, changing the rate from 0.00019 to 0.00018.

2. Identifying any seasonality or recurring patterns in the changes of exchange rates

Time series analysis for such a small duration and without significant data fluctuations doesn't clearly indicate any form of seasonality or recurring patterns. Regularly, seasonality is implied over more extended periods such as months or years where clear patterns might emerge, such as peak and off-peak seasons. Therefore, concluding with such a small dataset could lead to incorrect generalizations. Yet, with the data given, no seasonality or recurring pattern is observed.

3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality

From the dataset, no significant outliers or volatility can be identified. The currency rate appears rather stable with minimal variance. The variations between 0.00019 and 0.00018 are standard and might be influenced by market demand-supply mechanisms.

In conclusion, due to the very short period (only one day) and the stable data given (two minorly different rates), it's hard to determine a clear trend, seasonality, or to pinpoint outliers. For a comprehensive forecast model, more extensive and varying data would be necessary.

pan An in-depth analysis of the Paraguayan Guarani (PYG) highlighted an unexpected and captivating financial phenomenon on the 22nd of April, 2024. The currency, within a continuous 24-hour timeframe, managed to hold firmly onto its value, demonstrating an astounding level of stability that is rare in the dynamic arena of foreign exchange markets. From the earliest hours of the day, at precisely 00:00:02, the PYG valued at 0.00019 against an unspecified counterpart. This value held unwavering throughout the day, with minute deviations recorded only at 06:40:02 and later during the late-morning to early-afternoon period. Surprisingly, the exchange rate reverted back to 0.00019 in the evening, reinforcing its initial stance. The astonishing occurrence may seem like white noise to the untrained eye, but for financial enthusiasts and experts, the idle standing of the PYG marks a significant event. Exchange rates are susceptible to a slew of factors, including inflation rates, interest rates, country’s economic performance, and political stability. As such, a static exchange rate paints a picture of relative tranquility in economic terms. Analysts have been swift to probe into this extraordinary economic event. Some speculate that this can be attributed to effective monetary policies implemented by Paraguay''s central bank to mitigate inflation and stabilize the PYG amidst a challenging economic climate. Others believe it may be due to a considerable balance of trade, with imports and exports being on par, thereby creating a harmonious demand and supply balance for the currency. This period of stability in the PYG may have significant impacts. Investors and speculators who bank on foreign exchange rate fluctuations might find this staunch deterrence of PYG''s value unnerving and challenging. But on a brighter note, businesses involved in import-export trades with Paraguay might relish this predictability, as it reduces their exposure to foreign exchange risk. However, it''s crucial to note that every calm sea may be a prelude to an impending storm. The financial market is intrinsically dynamic and reactive. What this means for the PYG remains to be seen. As we move forward, economists, investors, and casual observers will be keen to see how the Paraguayan Guarani maneuvers its path in the incalculable ocean of the foreign exchange market.Unwavering Stability Marks PYGs Performance in 24-hour Span

Current Middle Market Exchange Rate

For information purposes only.