2024-05-09 Quetzal News
2024-05-08
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 of the Exchange Rates
Firstly, analysis of the dataset shows that the GTQ exchange rates fluctuate slightly but remain relatively stable throughout the period. The rates are primarily within the range of 0.17650 and 0.17705, indicating minute fluctuations within this range. Therefore, no drastic increase or decrease in rates is observed.
Seasonality and Recurring Patterns in Exchange Rates
Upon analysing the timestamp data, it is challenging to identify an explicit seasonality or recurring pattern in the dataset. The minor fluctuations in exchange rate seem more random than seasonal. To ascertain the presence of seasonality, data spanning several years would be beneficial. However, this would not guarantee a precise prediction of future rates as exchange rates are affected by various unpredictable factors.
Identification of Outliers
Regarding the outliers in the data, there do not appear to be any significant deviations. All the data points for the exchange rates in this period are within a narrow range. Therefore, based on the trend, no extreme outliers that would drastically affect the exchange rate are observed.
It should be noted however that the analysis does not take into account any external factors such as key financial news, reports or market events that may have an impact on the exchange rates.