2024-05-13 Quetzal News

Summary of Last Week

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overall Trend of Exchange Rates

The overall trend of the exchange rates in the dataset provided is relatively stable with minor fluctuations. Over the given timeframe, slight increases and decreases in the GTQ exchange rate are observed, but there is no drastic or consistent upward or downward trend. The bulk of the rates lie in the range of around 0.175 to 0.177 with fluctuations within this range.

Seasonality and Recurring Patterns

Regarding recurring patterns, it is challenging to conclusively identify clear seasonality due to the scope of the dataset, as it covers a few weeks rather than spanning across multiple years which would allow for assessment of seasonal trends. However, within the context of this dataset, certain repeated short-term patterns can be seen, such as daily light fluctuations but no specific pattern is recurring continuously over the period.

Note on Outliers

As for outliers or instances of significant difference, the given dataset does not show any major spikes or drops. All the rates seem to be within a reasonable range of each other and do not diverge dramatically from the core trend. There don't appear to be any outliers or significant irregularities within the data that would disrupt the overall observation of a general stability in the exchange rates.

Conclusion

In conclusion, the data provided for the GTQ exchange rate over the specific period shows a generally stable trend with minor daily fluctuations. The absence of any strong upward or downward movement indicates a period of relative stability for the currency within the depicted timeframe. However, for a more comprehensive analysis of seasonality and longer-term trends, a dataset covering a broader span of time may be necessary.

luctuation Throughout April 2024 Towards the beginning of April 2024, the Guatemalan Quetzal (GTQ) exchange rate witnessed continuous oscillations that tell a compelling story about the currency''s health. This article explores the minute oscillations that unfolded between the 12th April and 10th May 2024. In the interim of the given period, the GTQ exchange rate displayed a weaving line graph of moderate fluctuations ranging from 0.17536 to a peak of 0.17788. On the first recorded day (12th April), GTQ started with a sturdy figure, 0.17615, and went through a period of incremental increase, reaching its zenith on 16th April. Such fluctuating figures indicated uncertainty among investors and marked the unfolding of an intriguing trend in the world of forex. As the rates oscillated, the GTQ displayed a drop to 0.17615 on April 25th, which was slightly lower than the opening rate in that month. These numbers became even more stimulating when the GTQ exchange rate plummeted to its lowest point, 0.17536 on 29th April 2024. However, the GTQ rate bounced back resiliently, recording an intriguing leap to 0.17721 on the closing day of the month, indicating the volatility of the currency and providing a potential opportunity for shrewd investors to profit. The GTQ''s performance in May presents more intrigue, revealing further mild fluctuations both upward and downward. By the 10th May, the rate had sunk back down to 0.17589 - a clear indication of GTQ''s resilience in seismic financial conditions. The continual rise and fall of the GTQ exchange rate illustrate the currency’s volatility and its direct effect on the Guatemalan economy. This performance could be an aftereffect of localized events. However, global dynamics such as pandemic-induced changes to economic activity and trading habits also play a part in sculpting these fluctuations. The numbers indicate that the GTQ, much like other currencies, has been caught in the whirlwind of global economic uncertainty. The fluctuating trend reflects the currency''s capacity to weather unpredictable economic conditions and survive the vicissitudes of the forex market. Looking ahead, the GTQ''s performance provides useful insight into potential investment opportunities or hedging strategies for those invested in the country''s market. However, to exploit these, investors must closely watch for patterns and understand the underlying causes of these fluctuations. Analyzing and interpreting these shifts in exchange rates require a deep understanding of both the Guatemalan economy and the broader implications of global economic conditions. As May 2024 carries on, investors are indeed bound to mobilize and strategize around the permutations and combinations these numbers present. This rollercoaster journey marks an intriguing era in the world of finance, promising many an exciting ride in the days to come.Continual Rise and Fall: Analysis on GTQ Exchange Rate Fluctuation Throughout April 2024

Current Middle Market Exchange Rate

For information purposes only.