2024-04-22 Guernsey Pound News

Summary of Last Week

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

Statistical Measures

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  • Standard Deviation:

Trend

Data Analysis of GGP Exchange Rates

The given data presents the timestamped records of GGP exchange rates covering a period from March 22, 2024, to April 19, 2024.

1. Overall Trend

The GGP exchange rates do not maintain a consistent trend over this period. They initially rise from a value of 1.71804 on March 22, 2024, to a peak value of 1.72746 on April 12, 2024. However, following this peak, there's a significant downturn with the rates reaching a low of 1.69201 on April 4, 2024. This downward trend is brief and the exchange rate increases again reaching a high point of 1.72888 on April 12, 2024. This is followed by another downwards trend leading to another trough of 1.71148 on April 15, 2024. Therefore, the overall trend in the exchange rate during this period is not stable and is characterized by a succession of rises and falls.

2. Seasonality and Recurring Patterns

Within this dataset, a recurrent pattern is not clearly exhibited. This is often the case with financial data, which can be impacted heavily by numerous unpredictable variables. However, slight rises and falls can be observed within specific daily intervals, suggesting that there might be certain hours of the day where the market is more active leading to bigger shifts in the currency's value.

3. Outliers

There are several instances in the data where the GGP exchange rates significantly deviate from the prominent trend. These instances may be considered as outliers. More specifically, the sharp increase from 1.71535 to 1.71194 between April 10, 2024, 06:00:02 and 08:00:03, can be considered as an outlier due to its significant deviation from preceding values and the sudden increase within a short interval of time. Similarly, the sharp decrease observed from 1.72888 to 1.71302 between April 12, 2024, 14:00:01 and April 15, 2024, 02:00:02, can also be considered as an outlier given its marked discrepancy from the preceding trend. These fluctuations in GGP exchange rate deviate from the normal trend suggesting the existence of external influencing factors within these periods.

Despite these outliers, the majority of the exchange rates lie within a reasonably tight range, detailing a fluctuation expectation during this period.

Please note that without considering external factors such as market opening/closing hours, weekends/holidays, or financial news, this analysis purely focuses on the provided dataset and establishes its interpretation solely based on this.

and Increases The exchange rates for the well-regarded GGP has shown perplexing shifts in the range of 1.6913 to 1.72888 from March to mid-April in the year 2024. These changes present both opportunities and risks to investors worldwide. This time series analysis reveals an erratic pattern in the GGP value, starting March 2024. The GGP commenced with a stable increase, reaching a peak of 1.72888 on April 12. However, it ironically saw a significant drop starting the following week, hitting a low at 1.71125 on April 15. This drop illustrates the perpetual volatility inherent in financial markets. The erratic fluctuation observed in the GGP exchange rates can be attributed to a variety of financial factors. Political, economic, or even social events may all impact how the market perceives a currency’s strength. It’s critical to comprehend that the value of money is tied to people''s perceptions and beliefs, all bound within a highly intricate and interconnected global economy. The question now lies in how these fluctuations can be harnessed for potential benefits. Some investors take advantage of such volatility through derivatives, expecting the uncertainties to provide possible windows of high returns. Conversely, some may perceive these fluctuations as an invitation to stabilize their portfolio by investing in more stagnant and predictable assets. However, the sudden rise and fall in the GGP exchange rate within such a short period bring the stability of the GGP under scrutiny. This is especially in the case where the exchange rate fell steeply a day after it reached the peak. The abrupt shift can cause concern amongst investors due to uncertainties and potential capital loss. Moreover, the impact is not limited to investors alone. Given the interconnectedness of the modern economy, variation in a key financial indicator like the GGP could have ripple effects across sectors. For instance, companies that rely heavily on imported goods and services may see their profitability affected when the exchange rate is regularly unstable. On the other hand, these unpredictable trends also provide room for making more informed financial decisions in the future. As the saying goes, "data is the new oil", the more data analysts have, the better they can forecast future trends and put volatility in a broader context. Looking ahead, it''s crucial for all involved parties– from investors to policy-makers - to closely watch the upcoming trends in the GGP exchange rate. In a rapidly shifting financial landscape, the ability to adapt to changes and carry on meaningful analysis of market trends could be the key differentiating factor between success and failure. As the fluctuation in GGP continues, market participants must brace themselves for a bumpy ride ahead.Unpredictable GGP Exchange Rates Witness Sharp Declines and Increases

Current Middle Market Exchange Rate

For information purposes only.