2024-05-15 Quetzal News
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2024-05-14
Summary of Yesterday
- 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
After observing the dataset, it is evident that the trend of the GTQ exchange rate over the time period provided can be described as generally fluctuant with minor changes. The fluctuations are not significant, with values mostly staying within a range between approximately 0.175 and 0.176. There are no prominent patterns suggesting an overall increase or decrease in rates over the period shown. The exchange rate appears relatively stable.
Identifying any seasonality or recurring patterns
Regarding seasonality or recurring patterns, it is difficult to discern any definitive patterns or cycles within this dataset. Given the data's high frequency and the relatively short time span it covers (less than 24 hours), it would be more suitable to study seasonality with data spanning larger periods such as weeks or months. Furthermore, potential intra-day patterns might be hidden within this single day's data, but it would need a larger dataset that covers multiple days to ascertain.
Noting any outliers
In the considered dataset, the GTQ exchange rates do not exhibit significant volatility. Therefore, it is difficult to identify any explicit outliers based on the presented data. Given the relatively minor fluctuations, it appears that the exchange rates do not deviate significantly from the general trend during the period under study. It can be said that the data points provided are relatively consistent.
Please note that for a more accurate and in-depth analysis, it would be beneficial to have a much broader dataset that covers extended periods and consider external factors, even though they were not to be included in this analysis.
![Impact of the Fluctuating GTQ Exchange Rate in May 2024 and Future Predictions](http://currencymart.net/images/news/quetzal/2024-05-15/img-8o9AoiI3eTdhmxfApRgAk5pr.webp)