2024-05-10 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

Overall Trend Analysis

From the given data set, it is noticed that exchange rates tend to fluctuate within a specific range over time rather than demonstrating a clear upward or downward trend. Exchange rates started at around 0.17657 and went through minor peaks and troughs before finalising at around 0.1769. This reflects a very minute increase but not an obvious movement in the upward or downward direction.

Seasonality or Recurring Patterns

In the context of seasonality, due to the limited scope of the timestamps that are only a single day, it is challenging to determine any weekly, monthly or annual patterns. However, the observation shows some degree of volatility in the exchange rates during certain periods of the day. More comprehensive data that covers a longer period and includes more variables may be needed for detailed seasonality analysis.

Outliers

The given data shows no notable outliers demonstrating a significant deviation from the general pattern. Any minor increase or decrease in the exchange rates appears to be within normal market fluctuations. Therefore, it can be concluded that there are no specific instances where the exchange rate significantly differed from what would be expected based on the observed trend or pattern.

Note that a more granular analysis could be possible with a larger dataset and incorporations of additional factors, such as market conditions, economic indicators, or political events.

Hours Starting at midnight on May 9, 2024, there has been a nuanced but notable shift in the GTQ (Guatemalan Quetzal) exchange rate. The rate which opened at 0.17657 saw a subtle upward trend over the next 24 hours. This trend is particularly significant as it comes amid highly volatile global currency exchanges. The GTQ started the day with fluctuations showing a nearly flatline trend up to 0.17655. As the day progressed from early morning around 01:00:02 to almost midday at 12:00:03, the trend saw a marginal increase that registered at 0.17612. However, it did not stop there. From the midday point, the GTQ exchange rate underwent a slight recession taking a dip to about 0.17594. But what came next was intriguing, if not eye-catching. Over the hours that followed until late evening at 20:00:01, the GTQ exchange rate had risen to 0.17689, an upward trend that could be vital to the Guatemalan economy. It''s essential to note the rollercoaster trend of the rate from the slight decline in the early hours through to this moderate rise in the evening. For financial analysts and currency traders, such subtleties can often impact investment choices and strategic options in global trade. The Guatemalan Quetzal (GTQ) as a currency plays a crucial role in the Central American economy. This upward shift could likely ameliorate the nation''s economic affairs, improve international trade relations, and set a positive precedent for other similar economies. Moving forward, the eyes will be honed on the GTQ''s performance in the coming days. If this upward trend continues, it could signify better prospects for a region constantly battling the challenges of inflation and currency devaluation. On the contrary, a reversal of this trend could potentially trigger economic and trading setbacks. It''s upon experts and financial analysts to carefully monitor these patterns in the GTQ exchange rates. While a single day''s performance cannot be the sole basis for potent economic deductions, when coupled with other determining factors and trends, it can provide invaluable insights into forecasting future economic dynamics. It''s clear then, that even marginal shifts in currency exchange rates like those in the GTQ can have far-reaching impacts. As we continue to observe the GTQ''s performance and speculate on its future, these subtle fluctuations remind us of the complexities and dynamism inherent in global financial markets.GTQ Exchange Rate Experiences Slight Upward Trend in 24 Hours

Current Middle Market Exchange Rate

For information purposes only.