2024-03-12 Quetzal News

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

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  • Standard Deviation:

Trend

Overall Trend of the Exchange Rates

The overall trend of the GTQ exchange rate in the provided dataset is generally fluctuating. The initial rate started at 0.17622 and depict a subtle increasing trend and hit the maximum of 0.17667. The data does not show a consistent and significant increase or decrease but rather a series of rises and drops in the exchange rate.

Seasonality in the Exchange Rates

In terms of seasonality or recurring patterns, it's difficult to conclusively confirm any seasonality based on the provided data. The data spans for what appears to be a single day (23rd April 2024), and thus, weekly, monthly, or yearly seasonal tendencies cannot be ascertained. The minute-to-minute and hourly fluctuations do not seem to follow a strict pattern but seem to be dictated by more complex factors than just the time of the day.

Outliers in the Exchange Rates

Most of the GTQ exchange rates in the dataset are in the range of 0.17620 - 0.17667. An outlier here can be considered as any value that deviates significantly from this range. However, based on the data provided, we do not seem to have any significant outliers as most rates are closely around these values. The one value that could possibly be considered an outlier, although not by a large margin, is the noticeable sudden increase to 0.17658 at timestamp 2024-04-23 20:05:02. Despite this, given the range of the data, it would be a stretch to categorize this as a true outlier.

It's important to remember that the behavior of financial time series data is influenced by a multitude of factors, and without considering external circumstances such as political events, economic reports, or market sentiment, it's challenging to make precise interpretations.

tent Trend The past 24 hours have seen the Guatemalan Quetzal (GTQ) exchange rate experience a whirl of ups and downs, demonstrating an inconsistent trend that has caused both intrigue and uncertainty in the market. The GTQ initially kicked off at a moderate exchange rate of 0.17255. The rate quickly escalated to 0.17278 within the first few minutes, indicating a promising increase. However, as time progressed, the GTQ started navigating downwards, reaching the day''s low point of 0.17238 towards the late evening. Despite this dip, the GTQ proved resilient, climbing back to close off the day at 0.17246. These high-frequency fluctuations have presented a conundrum for investors, traders, and analysts alike, with the GTQ''s performance deviating from its expected trajectory. Analysts are still deciphering the reasons behind these unpredictable shifts, attributing potential causes to a combination of intrinsic market factors and external stimuli. The inconsistent trend that the GTQ has displayed could largely be due to fluctuations in investor sentiment, changes in foreign direct investment (FDI) inflows, and geopolitical influences. Other market indicators - such as inflation rates, economic growth, and government fiscal policy - may have also played a role in the GTQ exchange rates journey. While the GTQ''s performance may seem unsettling at first glance, seasoned investors would recognize that such dynamism is quite a common theme in the financial landscape and not necessarily indicative of an impending doom. Instead, these fluctuations can provide a unique opportunity for investors to capitalize on volatility by implementing careful strategies and hedging properly. That said, it''s crucial to note that exchange rates are susceptible to a variety of unpredictable factors. With a global economy that is always in flux and a local economic environment that can be influenced by myriad factors, predicting the future trajectory of the GTQ - or any currency, for that matter - is an exercise in informed speculation. Looking forward, investors and traders should closely monitor trends, policy changes, and news updates affecting the GTQ. The next few days and weeks may provide further insights into the forces driving these shifts, and whether this erratic performance is a temporary blip or a sign of new trends to come. Ultimately, the market is still waiting to ascertain if the Guatemalan Quetzal will stabilize or continue on its roller coaster ride, offering cheers of joy and gasps of surprise with each rise and fall.Ride on Roller Coaster: GTQ Exchange Rates Show Inconsistent Trend

Current Middle Market Exchange Rate

For information purposes only.