2024-05-08 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

Data Interpretation:

The dataset comprises a time-series data of changes in the exchange rate referred to as GTQ taken at different timestamps. An examination of the dataset can yield interesting characteristics such as trends, seasonal patterns, and outliers. These findings provide an in-depth understanding of the data.

Overall Trend:

The overall trend of the exchange rates in this dataset seems to be fairly stable, with a slight increase over time. There's a small decline in the first couple of hours from 0.17607 to 0.17598. After this initial dip, the trend stabilizes and then slightly increases across the given period to reach a high of 0.17681, before it starts to stabilize again. Though the changes are not drastic, this does showcase a potential upward trend in the data.

Seasonality or Recurring Patterns:

From the given dataset, no obvious seasonal or recurring patterns can be identified. Exchange rates vary throughout the day, but there doesn't seem to be a fixed pattern when the rates increase or decrease substantially. This suggests that more granular data might be needed to observe daily patterns or that the rates are impacted by factors not included in this data set.

Outliers:

A detailed statistical analysis would be required to provide a robust identification of any outliers in this dataset. However, from an initial view, there don't appear to be any drastic or sudden changes in the exchange rate that would signal an outlier. The rates seem to change gradually and consistently throughout the dataset. Again, a deeper analysis might reveal subtle movements that could be considered outliers within their context.

It's vital to remember that these insights are based on an initial, simple analysis. Deeper and more advanced statistical methods could yield additional insights, nuances, and patterns in the data.

External Factors:

Although not directly asked for, it's worth noting the significance of external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. While these factors aren't considered in this analysis, they may indeed have an impact on the exchange rate fluctuations and could be leveraged in a more advanced analysis of the data.

4hr Period" A continuous and steady uptrend has been noticed within the time span of just 24 hours in the Guatemalan Quetzal (GTQ) exchange rate today. A time series data analysis of GTQ''s fluctuating rates draws attention to the robustness of this remarkable currency progression. On a day recognized as May 7th, 2024, financial markers indicated the initial GTQ exchange rate was 0.17607, reported at precisely midnight, rapidly yet subtly elevating to an impressive 0.17666 at the end of the day. While the movement within the day was moderate, an insightful observation of the dataset illustrates a distinct trend. Throughout the early hours, from midnight to 2 AM, the exchange rate saw a minor decrement next to the initial point, moving to 0.17608. However, as the day progressed, it marked a consistent increase, peaking at 0.17617 at about 1 AM. There was a small but significant decreasing trend noticed between 7 AM to approximately 8 AM. The lowest point of the day, at 0.17592, was reported around 8:10 AM. Nevertheless, the GTQ rebounded strongly thereafter. As anticipation continued to grow through the day, exchange rates climbed exponentially between 10 AM and 2 PM. The most dramatic increase occurred between 10 and 11 AM. At 10 AM, the rate was 0.17607, which rose staggeringly to 0.17646 by 10:40 AM. By 2 PM, the figure recorded was at an all-time peak of 0.17681. But the hike was short-lived. The rates began to plummet once again around the post-meridian times until the evening, when it hit 0.17649 at 8 PM. From then onwards into the night, a gradual increase was recorded, reaching up to 0.17674 at 11:10 PM. Every shift in currency exchange rates bodes a significant impact, sending ripples through the market. The noticeable increase in GTQ implies a strengthening Guatemalan economy. It could potentially impact trade positively, supporting local businesses and tourism with foreign investments showing upward potential. Market watchers have continued to track this progression as it may bode well for potential investors eyeing opportunities in the Guatemalan market. Looking forward, maintaining a watchful eye on the shift in other global markets and local economic indicators may provide further clues about GTQ''s future performance. Financial experts suggest that continuous tracking of these trends can pave the way for potential investment opportunities, aiding investors in making informed decisions. "Emerging Steady Increase in GTQ Exchange Rate over a 24hr Period"

Current Middle Market Exchange Rate

For information purposes only.