2024-05-14 Quetzal News
2024-05-13
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
Understanding the Overall Trend of the Exchange Rates
From the glimpse at the data, there doesn't seem to be a significant increase or decrease in the exchange rates (GTQ). The rate starts at 0.17596 and ends at 0.17616. The difference between the starting and ending point does not indicate a robust trend in any particular direction within this period. Further detailed analysis would require advanced statistical methods to find any subtle trends that may not be apparent from a simple glance at the data.
Identifying Seasonality or Recurring Patterns in the Exchange Rates
Intra-day trends or seasonality are often involved in financial time series data. However, pointing out such trends or patterns from just looking at raw data can be challenging. It is suggested to visualize the data by plotting it against time to precisely understand if there may be any visible patterns. If this time-series data is part of a larger data set that covers more extended periods (multiple months or years), then the software analysis can help detect relevant seasonality or cyclical patterns.
Noting any Outliers in the Data
The dataset shows slight variations in the GTQ exchange rate within a narrow range throughout the period. Upon initial inspection, there don't appear to be significant outliers where the exchange rate differs greatly from the general trend. Nevertheless, a formal outlier detection method, like the Z-score method or IQR method, could indeed be applied to rigorously identify any anomalous instances.
It's important to note that this analysis is performed based on the numerical facts presented in the data without considering external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports as they were not provided with the data. They can definitely have a significant impact on financial market trends and fluctuations.
