2024-04-17 Quetzal News

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

1. Overall Trend

Reviewing the data, we can see that the exchange rate generally exhibited a small upward trend over the period provided. This is indicated by a slight and gradual increase in the values. The values started from around 0.176 and ended around 0.1777, showing a moderate appreciation.

2. Seasonality and Patterns

Regarding the seasonality, there doesn't appear to be clear seasonality in the exchange rate within the provided data. The values fluctuate up and down in a small range throughout the time period, but no distinctly consistent pattern or recurring cycle could be determined based on the given timestamps.

3. Outliers

There are a few instances where the exchange rate values jumped or dropped significantly, relative to adjacent data points. Most of the data sits between 0.176 and 0.178, but a sharp rise we can note at the timestamp '2024-04-16 06:20:02'. The data jumps from 0.17651 to 0.1774, a standout increase compared to other points.

However, these fluctuations could be normal in the foreign exchange market and might not necessarily be classified as outliers. That would require a more in-depth statistical analysis. Overall, the exchange rate appears to be fairly stable with minor fluctuations.

c Market Conditions In a remarkable display of stability, the Guatemalan Quetzal (GTQ) displayed minute fluctuations in its exchange rate over the span of a day, with a decrease of merely approximately 0.00107 GTQ. Amid the dynamic global market conditions and economic challenges, this comes as a comforting beacon of constant for investors and traders alike. The GTQ started at a rate of 0.17655 at the dawn, peaking at 0.17808 GTQ - a rise so negligible it barely raised eyebrows in the trading community. It then further dropped to 0.17655 GTQ at the end of the same day (2024-04-16), exhibiting some of the most stable charts we''ve seen for any currency in such vibrant markets. This unprecedented stability arises amidst turbulent global economic conditions, where most currencies are performing a volatile dance to the tunes of various economic triggers. The resilience of the GTQ shows that the Guatemalan Quetzal is standing undeterred in the face of turbulent uncertainties. While the stability of a currency endows investors with security and predictability, the more daring investors might be shying away due to the lack of potential for swift high returns on their investments. This trend, however, suggests a perfect playground for conservative investors who prioritize stability over quick profits. What makes this stability truly striking is its occurrence despite the lack of any significant intervention by the central bank, indicating a robust and well-rounded Guatemalan economy that sets a promising tone for potential investors in the region. This observed trend also coincides with the encouraging performance of several other sectors in the Guatemalan economy, particularly the commodities market. The financial stability portrayed by such currency exchange trends likely sends a strong signal to the international community about Guatemala''s empowered and resilient economy, despite the challenging global economic climate. Investors might view this as a reassuring sign of the Guatemalan market''s potential, possibly leading to increased foreign investment and a subsequent boost to the national economy. As we step into the future, observers and stakeholders alike will be closely watching the performance of the GTQ. Global market dynamics and macroeconomic indicators signify potential volatility on the horizon. However, if the recent performance of GTQ is anything to go by, we anticipate it to weather the storm with the same resilient stability it has shown thus far. While the global financial community continues to grapple with uncertainties, the GTQ might just serve as a beacon of stability and reassurance in these uncharted waters. This is crucial for investors looking for stable but secure investment opportunities. The story of GTQ is far from over; as the world navigates through these challenging times, the GTQ could play a key role in the stability of regional and global economies. Regardless of the future, the unprecedented stability shown by the GTQ will be a part of financial lore for years to come. Unprecedented Stability in GTQ Exchange Rate Amid Dynamic Market Conditions

Current Middle Market Exchange Rate

For information purposes only.