2024-05-02 Quetzal News
2024-05-01
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.