2024-05-07 Quetzal News
2024-05-06
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
The overall trend of the GTQ exchange rate for the given period seems to be predominantly stable. The exchange rate starts at 0.17644, and concludes at 0.17604 by the end of the timeline. There are tiny fluctuations in between, but the broad trend doesn't depict any significant increase or decrease. It suggests a well-balanced exchange market condition during this period.
Seasonality or Recurrent Patterns
With respect to seasonality, the data does not evidently show any repeating pattern or cycle in this specific time frame. The exchange rates exhibit occasional fluctuations; however, they do not appear to form a specific identifiable pattern that repeats at regular intervals.
Noteworthy Outliers
One apparent outlier in the data set is the dive to 0.17587 occurring around the timestamp 2024-05-06 06:25:02. This kind of rapid drop and quick recovery can be indicative of a strong market reaction to an event or a sudden surge in GTQ selling, but without additional market event data, the specific cause cannot be definitively determined. Other than that, there are no significant deviations from the overall stable trend.
Conclusion
In conclusion, the GTQ exchange rate remained considerably stable throughout the duration of this dataset. No clear seasonality or recurring patterns have been identified, and there seem to be no major outliers that significantly deviate from this general trend. The consistency suggests a strong, steady market without much volatility during this time period, which could be attributed to a balanced supply-demand scenario or a lack of substantial market events.
