2024-04-23 Guyana Dollar News
2024-04-22
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend of Exchange Rates
From the initial analysis of the dataset, it is determined that the exchange rate of GYD appears to be relatively stable throughout the period under consideration. Initially, GYD starts at a rate of 0.00657, fluctuate to 0.00656, 0.00655, and 0.00654, and finally reaching 0.00655. These fluctuations (both increases and decreases) are minor, and the exchange rate consistently hovers around 0.0065, indicating a relatively stable trend without any dramatic increase or decrease in the exchange rates throughout the time span provided in the dataset.
2. Seasonality or Recurring Patterns of the Exchange Rates
At an initial glance, there doesn't seem to be a noticeable seasonality or reoccurring pattern in the exchange rate data. The exchange rate values primarily teeter between 0.00657 to 0.00654, and the changes between them are gradual and appear to be random rather than following a specific, recurring pattern. Therefore, it can be inferred that the dataset does not exhibit a clear cyclical trend or seasonality based on the timeseries data provided.
3. Identification of Any Outliers
Given that the variation range of the GYD exchange rate is very small (between 0.00654 and 0.00657), it does not appear to have any significant outliers in this dataset. An outlier would be represented by a rate that substantially deviates from this range, and nothing of that sort is evident in this data. Since the data consistently remains within this tight range, we can infer that the rates are following a normal pattern without any significant anomalies or outliers.