2024-04-19 Guernsey Pound 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 Analysis

From a preliminary view of the data, it seems that the overall trend of the GGP exchange rates over the period is increasing. The initial exchange rate at the beginning of the timeframe is approximately 1.71345, and by the end, it increases to around 1.71654. Although there are fluctuations (both ups and downs) throughout, the ultimate movement shows an upward trend. However, it is also clear that this increase is minimal, implying that the exchange rate across the duration depicted is relatively stable.

Seasonality and Recurring Patterns

Without the aid of graphical visualizations or more advanced time-series analysis methods, the detection of seasonality or recurring patterns is challenging. However, it's noteworthy that exchange rates, like many other financial variables, often exhibit certain intraday or weekly seasonality patterns tied to market activity in different global trading zones. A more detailed analysis could reveal such patterns.

Identifying Outliers

The data shows some instances where significant jumps in the exchange rate occur, potentially indicating the presence of outliers. For example, the exchange rate seemed to spike around the timestamp '2024-04-18 08:45:03' from 1.71385 to 1.71515, and similarly, there was another apparent jump from 1.71556 to 1.71667 at '2024-04-18 20:00:03'. However, without knowing the typical scale of exchange rate changes or applying more rigorous outlier detection methods, these potential outliers should be interpreted with caution.

In conclusion, a more extensive analysis is needed to fully understand these trends and patterns. Consider using techniques like time series analysis, trend and seasonality decomposition, and statistical checks for the presence of unit roots and stationarity to gain more insights.

4 Hours Within the rapidly changing world of finance, the past 24 hours have seen a turbulent run for the GGP exchange rate. The rate experienced notable fluctuations, reaching its peak by the late night hours pointing towards a volatile market condition. The day began with the exchange rate standing at 1.71345, which fluctuated throughout the early hours of the day. Despite some ups and downs, the rate managed to hold steady, hovering around the 1.713 to 1.714 range for a significant part of the early morning. However, as the day progressed, a downward trend was observed. This culminated in the GGP exchange rate hitting its 24-hour low of 1.7119 shortly before the afternoon. But the dipping value didn''t last long as the exchange rate started a slow and steady recovery towards the evening. By the late evening, the GGP had not only recovered its earlier losses but also surpassed the opening value. The peak came towards the late-night hours, with the rate reaching a 24-hour high at 1.71952. While exchange rate fluctuations are common, the significant ups and downs in GGP''s rate over 24 hours are notably interesting. This volatility indicates a high trading activity, influenced by myriad factors, from international politics to economic announcements and changing market sentiments. Moreover, such extreme fluctuations within a single day can impact several sectors, particularly those dealing with foreign trade and investment. For both importers and exporters, anticipating exchange rate movements is key to maximize profits and mitigate risks. Hence, the volatile day for the GGP exchange rate would have certainly kept them on their toes. As the world is becoming more economically intertwined, the impacts of these changes are not just limited to the market or particular sectors. Individual investors who dabble in forex trading need to stay informed about these developments to make profitable trades. Given the high volatility witnessed in the last 24 hours, the immediate future for the GGP exchange rate appears uncertain. Market watchers and investors would be closely observing the rates for the potential implications. Any major economic news, domestically or internationally, could sway the rate one way or the other. With more global events unfolding, further fluctuations in the GGP exchange rate can be expected. Traders, investors, and financial analysts will, therefore, need to maintain a vigilant watch on the trends. The next few hours and days may reveal much about the potential stability or continued volatility of the GGP exchange rate in this dynamic marketplace.GGP Exchange Rate Witnesses Turbulent Performance Over 24 Hours

Current Middle Market Exchange Rate

For information purposes only.