2024-04-18 Guyana Dollar News

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Follow Guyana Dollar Forecast April 18, 2024
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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 of Exchange Rates

The exchange rate of GYD appears to be quite stable throughout the given period. This observation is based on the values provided which seems to oscillate between 0.00658 and 0.0066. The occasional difference in three decimal places is insignificant and suggests an overall stable market condition for this particular currency.

Seasonality or Recurring Patterns of Exchange Rates

Because the dataset given doesn't span a long period, it's tough to determine if there are any seasonal or recurring patterns in the GYD exchange rate based on this data. The fluctuation values in the dataset are within a narrow range and do not show considerable dips or peaks that could imply recurring patterns or seasonality. If we had data for a longer period, it may be possible to further investigate, identify, and analyse trends.

Outliers in Exchange Rates

No significant outliers or anomalies are to be found in the exchange rates within this data. The changes in value are consistent and don't show significant peaks or troughs that would suggest an outlier. Rates remain within a small window of variation, indicating a stable environment for the GYD during the timeframe covered in this data.

Summary

To summarize, this analysis suggests that the exchange rate for the GYD has been fairly stable throughout the given period, with little variation. During the timeframe provided, there is no clear evidence of seasonal trends or significant outliers. This highlights a stable market environment for the GYD during this period, unless other unforeseen external factors come into play.

was a slow day for the Guyanese Dollar (GYD) on April 17, 2024, as the exchange rate displayed marginal changes throughout the day. This time-series data analysis takes into account the movement of the GYD exchange rate at various times throughout the 24-hour period. The GYD started trading at 0.0066, maintaining this rate for the first few hours. A slight increase to 0.00661 was recorded at 01:05 AM, hinting some possible movement in the market. However, the excitement short-lived as the exchange rate quickly steadied and returned to its initial figures. The rate showed a slight decrease for a few hours, standing at 0.00659 before slightly picking up to return to 0.0066 at 6:20 AM. This was an interesting demonstration of how global markets interact with their financial counterparts in real-time, causing fluctuations and shifts in currency valuation. A tribute to the stability of the Guyanese economy, the GYD exchange rate remained nearly steady the entire day, suggesting a healthy demand and supply equilibrium. As expected, this had a calming effect on the financial markets, with no significant spikes in trading volumes or price movements. Indeed, the significance of such a steady rate in today’s volatile financial environment should not be underestimated. It indicates trust and confidence in the stability of the Guyanese economy, an important factor evaluated by both domestic and foreign investors when making investment decisions. The marginally undulating exchange rate also manifests the country''s steady macroeconomic indicators, possibly pointing towards well-managed inflation and interest rates, and a balanced foreign trade scenario. Such stability, when seen over a continuous economic period, can attract foreign investment while enhancing local business confidence. However, while stability in exchange rates is desirable, it is also crucial to monitor trends for any prolonged stagnation. Stagnation for an extended period could make an economy vulnerable to sudden external shocks, causing disproportionate economic upheavals. Looking forward, stakeholders, businesses, and investors should keep a close eye on global economic events and their potential impact on the GYD. While today''s minimal fluctuation and continued stability provided calm, the story of international finance remains one of constant change and adaptations. Understanding these trends will be the key to maintaining this equilibrium in the future.Minimal Fluctuation Observed in GYD Exchange Rates It was a slow day for the Guyanese Dollar (GYD) on April 17, 2024, as the exchange rate displayed marginal changes throughout the day. This time-series data analysis takes into account the movement of the GYD exchange rate at various times throughout the 24-hour period. The GYD started trading at 0.0066, maintaining this rate for the first few hours. A slight increase to 0.00661 was recorded at 01:05 AM, hinting some possible movement in the market. However, the excitement short-lived as the exchange rate quickly steadied and returned to its initial figures. The rate showed a slight decrease for a few hours, standing at 0.00659 before slightly picking up to return to 0.0066 at 6:20 AM. This was an interesting demonstration of how global markets interact with their financial counterparts in real-time, causing fluctuations and shifts in currency valuation. A tribute to the stability of the Guyanese economy, the GYD exchange rate remained nearly steady the entire day, suggesting a healthy demand and supply equilibrium. As expected, this had a calming effect on the financial markets, with no significant spikes in trading volumes or price movements. Indeed, the significance of such a steady rate in today’s volatile financial environment should not be underestimated. It indicates trust and confidence in the stability of the Guyanese economy, an important factor evaluated by both domestic and foreign investors when making investment decisions. The marginally undulating exchange rate also manifests the country

Current Middle Market Exchange Rate

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