2024-05-13 Guyana Dollar News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-12
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Data Overview
The data provided pertains to the time series of the exchange rates (GYD) over several timestamps. The timestamps span from April 12th, 2024, to May 10th, 2024. Please note that the analysis provided is purely descriptive and does not consider external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports.
Understanding the Overall Trend of the Exchange Rates
From the initial overview of the dataset, the exchange rates displayed minor fluctuations during this period. There is no apparent significant increasing or decreasing trend over this period. The exchange rate starts at about 0.00655 on April 12 and somewhat fluctuates between 0.00652 and 0.00661, eventually returning to around 0.00656 on May 10. Therefore, although there are several minor peaks and dips throughout the period, the exchange rate remains relatively stable overall.
Identifying Seasonality or Recurring Patterns
The data does not seem to show any clear-cut seasonality or recurrent patterns just by inspection. The exchange rate fluctuations appear to be more random than cyclic, with no regular, predictable upward or downward shifts that would indicate seasonality. However, a more sophisticated time series analysis method could potentially uncover subtle patterns not immediately discernible from a casual inspection.
Noting Any Outliers
Throughout the period observed, there were no significant surges or plummets that would suggest the presence of outliers. The values remain within a narrow band, suggesting that the exchange rates were relatively steady during this time frame and did not experience any extreme movements typical of outlier events.
In conclusion, the exchange rates of GYD over the observed period were relatively stable with no conspicuous trend, seasonality, or outliers. Again, it must be stressed that this conclusion is based on the data presented and does not take into account external influences that might have affected the exchange rates.
![Slight Fluctuation in GYD Exchange Rate Over Five Weeks](http://currencymart.net/images/news/guyana-dollar/2024-05-13/img-9HUG8srhcvOrs0ESfMTnPfab.webp)