2024-05-10 Guarani News

Summary of Yesterday

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Statistical Measures

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Trend

Overall Trend of the Exchange Rates

Based on the provided dataset, the exchange rate for PYG is consistent throughout the specified period at a rate of 0.00018. There are no noted increases, decreases, or significant fluctuations in the exchange rate. The value remains stable at 0.00018 at different time intervals.

Seasonality and Recurring Patterns

An essential aspect of time series data is seasonality or recurring patterns. In the context of exchange rates, seasonality might indicate predictable fluctuations in value tied to the time of year, month, or week. Based on the dataset provided, there seems to be no identifiable seasonality or recurring patterns since the exchange rate remains consistent at 0.00018 across all time intervals. This suggests that the rate is not subject to regular, predictable changes over specific periods.

Outliers in the Data

Outliers in the dataset are data points that significantly deviate from the other observations. They can either be the result of variability in the data or may indicate a measurement error. Reviewing the dataset, however, there seems to be no outlier recorded as all the results consistently show 0.00018 as an exchange rate for every timestamp, indicating no significant discrepancies.

t Day In a remarkable display of economic buoyancy, the PYG exchange rate stayed consistent for a full day on May 9, 2024, according to recent time-series data. From as early as midnight on May 9 to the latter moments of the day, recorded time-series data displays unwavering constancy in the PYG exchange rate at 0.00018, which maintained its position without a flicker. This consistency is a reflection of steady economic conditions, indicating a fine equilibrium between supply and demand in the currency market. It also suggests that investors and traders observed no external shocks or major news events that might have led to panicked transactions altering the rate. The significance of this equilibrium and the impact it reflects on the economy is crucial. Maintaining a stable exchange rate is crucial for countries that carry out substantial amounts of international trade. In the case of the PYG, or Paraguayan Guarani, this steadiness provides predictability for importers and exporters, making it easier to conduct business without the fear of sudden currency value fluctuations leading to unexpected losses. Moreover, for a developing economy such as Paraguay, stability in the exchange rate is imperative to encourage foreign direct investment. With the assurance of a stable currency value, potential investors are more inclined to invest without the fear of diminishing returns due to exchange rate volatility. With this consistency, the central bank demonstrates sound fiscal management, maintaining stability in an area often subject to turbulent swings due to geopolitical events, global financial crises, or shifts in macroeconomic fundamentals. Looking ahead, it''s crucial to observe whether this steadfast PYG exchange rate can endure. If the Paraguayan Guarani can withstand the ebb and flow of the global currency market and maintain stability, it sets a confidence-inspiring precedent. On the flip side, market watchers need to be vigilant about potential complacency. Prolonged periods of stability can often lead to scant regard for potential disruptions, leaving markets vulnerable to unforeseen shocks. Regardless, this 24-hour period of PYG exchange rate equanimity serves as an intriguing case study for economists and traders alike.Steady PYG Exchange Rate Maintains Equilibrium Throughout Day

Current Middle Market Exchange Rate

For information purposes only.