2024-05-07 Guyana Dollar News
2024-05-06
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
Overall Trend
The given dataset presents the fluctuation in the exchange rate (GYD) across the timestamp. From the initial inspection of the data, the overall pattern of the GYD value appears to be relatively stable. The value varies from approximately 0.00653 to 0.00656. There is a slight downtrend between 03:00 to 06:25 when the value drops from 0.00655 to 0.00653. After this point, there seems to be a period of stability as the value fluctuates between 0.00653 and 0.00654; there isn't a significant rise or decrease to identify an overall trend during this period.
Recurring Patterns and Seasonality
It's a bit difficult to identify any seasonality or specific recurring pattern based on the dataset at hand. This is due to the small range of variation of exchange rates visible in this dataset. However, it's noticed that the value kept constant at 0.00655 from the start until around 03:00, after which it dropped slightly. This slight drop in the pattern could suggest a possible daily cycle, but a broader dataset would be required to confirm any seasonality.
Identifying Outliers
As far as outliers are concerned, none are detected in this dataset. As previously stated, the values do not deviate significantly from the mean; they are all in the range of 0.00653 to 0.00655 - mere 0.00003 units difference, hardly an unusual variation for currency exchange rates or an indicator of an outlier event.
Note: This data analysis doesn't consider external influences such as financial news reports, market opening/closing times, weekends or holidays, which usually have significant impacts on exchange rates.
