2024-05-16 Guyana Dollar News
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2024-05-15
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 Analysis
The data issued shows a fluctuating trend for the GYD exchange rate for the 24 hours of May 15, 2024. The exchange rate appears to remain generally stable, with only minor fluctuations observed. The value starts at 0.00654, drops to 0.00653, and essentially remains consistent for a significant portion of the day. However, there is a slight drop to 0.00651 and then to 0.0065, after which it rebounds somewhat to 0.00652, then dips to 0.00651 and further to 0.0065. The lowest rate recorded was 0.00649. Towards the end of the recorded data, the value rises back to the initial and highest value of 0.00654.
Seasonality or Recurring Patterns
The GYD rate seems to have short periods, around a few hours, where it remains stable then dips or rises slightly. Although this time-series dataset covers only one day, these fluctuations could mirror a daily pattern that could be explored and validated with more data. Meanwhile, the dataset does not provide any evidence of seasonal variations since it only spans one day.
Outliers
Given the relatively stable nature of the exchange rate during this observed day, there don't appear to be any significant outliers. The rate stayed within a very tight range of 0.00649 to 0.00654, and any minor deviations within this range seem to be in line with the pattern of variability observed throughout this day.
![Exchange Rate Stability Reinforces Investor Confidence in GYD](http://currencymart.net/images/news/guyana-dollar/2024-05-16/img-LjLyhJavLoDNFwL8d1Nj0Kl7.webp)