2024-04-19 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

Overall Trend

The overall trend of exchange rates for GTQ seems to be relatively stable within the period shown in the dataset. The data varies within a small range, starting from 0.17736, dipping to a low around 0.17646 and peaking around 0.17744, indicating minor fluctuations rather than significant increases or decreases.

Seasonality and Recurring Patterns

In terms of seasonality and recurring patterns, there seem to be small cyclical changes within the day-worth of data provided. We observe slight rises and falls at certain intervals. However, given that we only have one day's data, it is not appropriate to extend this perceived cyclic pattern to longer periods without additional data. A more extended time series would be required to identify daily or monthly seasonality definitively.

Significant Outliers

Regarding outliers in the data, the values seem to be largely consistent with minimal variance. The most notable shift occurs around the '2024-04-18 20:05:03' mark when the rate drops to 0.17646, which is comparatively lower than the values leading up to this point. However, considering the general stability of the rates, this drop stands out.

It's worth mentioning that additional context or information about what constitutes a 'significant' change in rates could provide further insight here.

Note:

While this data analysis takes into consideration the given data set and performs a detailed assessment using common statistical measures and observations, it is essential to note that financial data is often influenced by many external factors. These may include market conditions, political events, and economic indicators among others. Therefore, while this analysis provides a preliminary view based on the data, a more detailed analysis might consider these broader factors for a comprehensive understanding of exchange rate movements.

out the Day In financial news today, we have seen minor fluctuations in the GTQ exchange rate during the course of the day, with values ranging between 0.17744 and 0.17646. The slight variations were observed from the wee hours of the day (at 00:10:02) through to the end of day (at 23:55:02). The Guatemalan Quetzal (GTQ), started the day with a modest value of 0.17736, observed a moderate peak of 0.17744 around 05:30:02, and a notable trough of 0.17646 towards the close of day at 23:05:02. These minute yet consistent fluctuations indicate that currency traders and investors have been actively trading and watching the Guatemalan Quetzal throughout the day. While these differences might appear negligible to the untrained eye, they can have significant implications for currency traders making high volume transactions or for businesses with significant exposure to GTQ. The GTQ''s fluctuations are part and parcel of the global foreign exchange market''s dynamics - the largest and most liquid financial market globally. Changes in exchange rates can be driven by multiple factors, including inflation rates, interest rates, political stability, and economic performance. Even though the shifts in GTQ were not life-altering, they represent the intricate dynamics of the foreign exchange market. Fluctuations like these can significantly impact businesses and investors who deal heavily in international trade or investment, by affecting profit margins and return on investment. The slight drop in the GTQ''s value towards the end of the day could be a potential signal of incoming inflation or possibly a proactive response to an international event or anticipated changes in Guatemala''s economic policies. However, without additional data or context, these interpretations remain speculative. Looking ahead, currency traders and businesses exposed to GTQ should closely monitor these trends, as alertness could save significant financial costs, given the size and volume of the foreign exchange market. Investors are advised to keep a keen eye on global economic indicators, central bank announcements, and geopolitical events that can significantly impact foreign exchange rates. In conclusion, even seemingly small fluctuations in the GTQ exchange rate can have loftier implications than the numbers may suggest. It''s a clear indication of the market''s sensitivity to various economic factors, and an important reminder for traders and investors to stay vigilant in monitoring these shifts. Minor Fluctuations Observed in GTQ Exchange Rate Throughout the Day

Current Middle Market Exchange Rate

For information purposes only.