2024-05-22 Guyana Dollar News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-21
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 of Exchange Rates
The dataset provided consists largely of the same exchange rate, 0.00651, from 2024-05-21 00:00:02 to 2024-05-21 23:55:02. There is a slight decrease at 07:00:03 to 0.00650 then it increases again, albeit minimally, to 0.00652 at around 07:35:03, continuing at that rate until 07:45:03 when it again slightly increases to 0.00653. The rate dips again to 0.00652 afterwards. The rate mostly stays at 0.00651 to 0.00652 through the entire timeline. This clearly shows that the exchange rate remained relatively stable over the period shown in the dataset, with minor fluctuations.
Seasonality of Exchange Rates
Given the data, there appears to be no apparent seasonality or recurring pattern in the changes in exchange rates. The values shown mostly stay stable around the 0.00651 to 0.00652 mark, with minor exceptions as stated in the overall trend breakdown. A full day of data has been analyzed and no noticeable pattern is observed over this time span. For more accurate results regarding seasonality, it would be recommended to work with a larger dataset incorporating multiple days, weeks or even months.
Outliers in Exchange Rates
In terms of outliers, there doesn’t seem to be any during the period of exchange rates given in the data. An outlier would be an instance where the exchange rate differs significantly from the general range of 0.00651 to 0.00652 which most of the data resides in. Considering the data provided is over one complete day, where the exchange rate remained fairly stable throughout with minor fluctuations only, there are no notable deviations observed.
![Unyielding GYD Exchange Rate Disrupts Financial Predictability](http://currencymart.net/images/news/guyana-dollar/2024-05-22/img-1UmOdFanbQ1QRgNH3Cd2DrN1.webp)