2024-05-17 Guyana Dollar News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Based on the dataset you provided, here's a comprehensive analysis covering the overall trend, seasonality patterns, and outliers.
1. Overall Trend of GYD Exchange Rates
The record indicates slight but barely noticeable change in the exchange rate during the timespan of the data. It started at around 0.00654 and ended at 0.0065, showing a slight decrease. The exchange rate generally remained stable within the given timeframe.
2. Seasonality or Recurring Patterns
From the given data, there does not appear to be a clear recurring or seasonal pattern in the exchange rates. The values remained stable for long periods of time before changing slightly. Therefore, within the scope of this dataset, seasonality is not identifiable.
3. Outliers in Exchange Rates
Most of the exchange rates are relatively stable, with only slight deviations throughout the series. The data doesn't show any instances where the exchange rate differs significantly, therefore there are no identifiable outliers.
Do note, a more comprehensive analysis ideally would consider a longer time period and additional variables such as market opening/closing hours, weekends/holidays, or related financial news/reports as these factors may influence the exchange rates. However, as per your instructions, these factors were not considered.
![Unwavering Stability Evident in GYD Exchange Rates](http://currencymart.net/images/news/guyana-dollar/2024-05-17/img-7igAg8USLl7Afv5S11408O6d.webp)