2024-05-02 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

Understanding the Overall Trend of Exchange Rates

Upon analyzing the data, one can see that the general trend of the exchange rate remains stable. The GTQ exchange rate starts at 0.17609 and ends at 0.17727 over 24-hour period, with little fluctuation in between. It's clear the rate increased overall, but the increment is relatively small. Consequently, the market could be described as stable during this period.

Identifying Seasonalities and Patterns in Exchange Rates

From the figures, seasonalities or recurring patterns are hard to identify because of the relatively stable exchange rate. However, minimal fluctuations can be noticed around the timestamps 02:00:02, 02:05:02, 02:10:02, 05:00:02, 05:05:02, and 20:05:02, where the rate seems to slightly decrease before recovering again. This might not indicate a strong seasonal pattern, but it shows that rates indeed encounter small regular dips during these times.

Noting Outliers in the Exchange Rates

Regarding outliers, the data does have some instances of irregular jumps. For example, at time 06:25:02, the rate suddenly increases from 0.17597 to 0.17716, after which it becomes stable around this new range again. This can be considered as a significant change in a very short period. Another similar instance occurs at time 20:05:02. Nevertheless, these outliers are few and far between, and the exchange rate remains generally stable throughout the observed period.

Please note that this analysis is strictly based on the provided data and does not consider external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports.

n 1st May 2024, the global financial market experienced an intriguing fluctuation in the GTQ exchange rate. The decimal digits of the GTQ''s value oscillated throughout the day, starting from 0.17609 at 00:00:03 and closing out the day at 0.17727 at 23:55:02. Kicking off the day at 0.17609, the GTQ exchange rate index felt a series of dips and crescendos through its journey. Even at the cusp of the first hour, the currency climbed to a high of 0.17612. Throughout the first hours of the day, the conversions saw ups and downs, with the gravest fall around 03:35:03, where the units dropped to 0.17597. The graph headed back north at 06:55:02 when it hit 0.17718. The exchange rate steadily trod upwards, peaking at 0.17719 at 07:00:03. Nevertheless, the course began to vary, as the index fell and rose within margins through the rest of the day. Interestingly, the significant movement emerged at 20:05:03 when the value took a dramatic turn upwards to reach 0.17734. The big hitter ripples of this occurrence were felt across the market, with speculation running wild amongst economists and investors. In retrospect, the industry pundits had been pointing towards such a potential shift. The economy''s growing stable tendencies and healthy market signals indicated an upcoming surge. However, the shift''s exact timing was unexpected, adding to the arousal in the financial sector. This alternation comes in the wake of a series of similar fluctuations in the market recently, making it part of an ongoing trend. Hence, the situation merits close watching and continuous analysis. It''s important to remember that the GTQ, like other currencies, responds to economic conditions and financial indicators domestically and internationally. In this case, global market forces could be driving the fluctuation, from commodity prices to geopolitical tensions. To novice investors, these movements may seem drastic and unfathomable. However, experts view this as an opportunity for diversification. Seasoned traders will leverage this volatility to bolster their portfolios and increase their positions across various markets. Looking ahead, the watchful eyes of market analysts and traders now turn to future forecasts of the GTQ exchange rate. The occurrence of such volatility underlines the importance of being updated about market trends and changes. As the fluctuations continue, there is no doubt they will continue to create a stir in the coming days. This event is a stark reminder that in the world of finance, change is the only constant. Today''s rise could be tomorrow''s fall and vice versa. Therefore, an agile approach to financial strategies is key to staying ahead in the rapidly changing market landscape.change Rates Fluctuate as GTQ Makes Significant Moves

On 1st May 2024, the global financial market experienced an intriguing fluctuation in the GTQ exchange rate. The decimal digits of the GTQ

Current Middle Market Exchange Rate

For information purposes only.