Liberian Dollar Forecast

Summary of Last Week

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Statistical Measures

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Trend

Summary of Yesterday

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

Statistical Measures

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Trend

Overall Trend of the Exchange Rates

From the given data set, it is observed that exchange rates for LRD (Liberian Dollar) have a generally slight downward trend. Starting from 0.00711 on 2024-04-22 and ending at 0.00706 on 2024-04-26. It is important to note that these data points are not drastically different, hence the decrease could be considered as minimal.

Seasonality & Recurring Patterns

Upon examination, no clear evidence of strong seasonality or recurring patterns within the given data set during this period can be identified. The data does not display consistent and noticeable fluctuations that could indicate a seasonal pattern. Therefore, it can be concluded that the exchange rate for LRD in this period does not exhibit significant seasonality.

Outliers & Unexpected Values

With respect to outliers, the dataset does not include any values which are dramatically different from the rest. All rates range between 0.00706 and 0.00711. These values do not vary significantly, and as such, there don't appear to be any outliers.

Summary

In conclusion, the LRD exchange rates in the provided dataset exhibit a slight decreasing trend over time with no significant seasonality or outliers. It is essential, however, to note that this is a very short-term analysis and might not be reflective of the long-term performance or trends of the currency exchange rate.

Summary of Yesterday

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

Statistical Measures

• Mean:
• Standard Deviation:

Trend

Analysis of LRD Exchange Rate Dataset

Based on the provided dataset, I will be performing a comprehensive analysis of the exchange rates using timestamps and LRD exchange rates. The dataset you've provided is a time-series type data, detailing minute-by-minute changes in the exchange rates from 2024-04-26 00:00:02 to 2024-04-26 14:55:01.

Understanding the Overall Trend

The overall trend in the data seems to be very stable. The LRD for the majority of the timestamps is showing an exchange rate of 0.00706, consistently for several hours. The rate slightly increases to 0.00707 after approximately 5:10:02 time and continues to fluctuate minimally between 0.00706 and 0.00708 for the remaining data points. Overall, there is only a minimal increase in exchange rates over the given period.

Identifying Seasonality or Recurring Patterns

As it relates to seasonality or recurring patterns, due to the lack of information about the time frame (i.e., whether the data covers days, weeks, months, or years), it's challenging to identify possible seasonal trends in this dataset. Furthermore, the data provided does not appear to have any significant fluctuations which could indicate recurring hourly patterns. Therefore, unlike other market data, it appears that the LRD exchange rate does not exhibit clear-cut signs of seasonality or specific patterns within this dataset.

Noting Outliers in Exchange Rates

Regarding outliers in the data, considering the small fluctuations, any value deviating from the 0.00706 to 0.00708 range could be viewed as an outlier. However, within the given time frame, no such violations occur, suggesting that the provided data does not include any major outliers. The data is rather homogeneous, an uncommon characteristic in financial time-series data.

As requested, I have not considered external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports, and I haven't generated any forecasts for future rates.

In summary, the LRD exchange rate depicted in the dataset provided remains largely stable without any significant fluctuations, recurring patterns, or outliers.

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

From the dataset given, there is a relatively steady exchange rate with minor fluctuations, suggesting a stable market for the LRD over the period observed. The exchange rate starts at 0.00709 and ends at 0.00706 which indicates there is a very slight depreciation of the LRD during the period.

Seasonality or Recurring Patterns in the Changes of Exchange Rates

Given the nature of the time series data, it is difficult to discern any high-frequency seasonality (like an intraday pattern) due to the relatively steady rate. However, there seem to be slight movement in the downward direction, indicating a possible general trend but not necessarily a seasonal one. Further analysis would be needed with more dataset to conclude about seasonality or recurring patterns.

Outliers in the Data

Within the given dataset, there are no significant exchange rate changes from the general trend which implies no notable outliers in this data. There is a lack of extreme fluctuations which signifies a stable foreign exchange situation for the LRD over this data period.

Note

This analysis disregards the potential effects of external events such as changes in market conditions, political events, or the release of significant financial reports which could have effect on the foreign exchange rate. Should these factors be considered, the results of the analysis may differ.

Summary of Yesterday

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

Statistical Measures

• Mean:
• Standard Deviation:

Trend

Trend Analysis

The overall trend of the exchange rate seems to be relatively stable. The exchange rate starts from 0.00707 at the beginning of the period and ends at 0.00709 at the end of the period. In between, the rate oscillates between these two values. It peaks at 0.00711 but quickly stabilizes back to the 0.00709-0.00710 range. The exchange rate does not show a strong increasing or decreasing trend within this period.

Seasonality Analysis

In terms of daily seasonality, there is no clear pattern based on the provided data. The fluctuations in rates are spread uniformly across the day without any particular time concentrating higher or lower rates. For deeper seasonality patterns, data for a longer period (e.g., data over multiple months or years) would be required.

Outliers

Within the given period, there are no clear outliers in the data. This indicates a relatively stable exchange rate within the analyzed time frame, with the rate fluctuating around a steady mean. The highest rate within this period was 0.00711, and the lowest was 0.00707. This narrow range shows the absence of significant outliers.

Note: For more comprehensive conclusions, it would be beneficial to analyze a larger set of data. The given data of a single day may not capture all the dynamics involved in exchange rate changes. For example, weekly and monthly seasonal patterns, as well as reactions to significant financial events, could become clear by analyzing large-scale data. However, this was clearly mentioned to not consider in the given task.

Summary of Yesterday

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

Statistical Measures

• Mean:
• Standard Deviation:

Trend

General Trend of LRD Exchange Rate On 2024-04-23

The LRD exchange rate for the data provided is very stable. The rate starts at 0.00709 and there is not much volatile movement seen over the course of the day. There is a very minor increase at 04:00:02, when the Lrd increases to 0.0071, suggesting a very stable exchange rate.

Seasonality and Recurring Patterns

Given the data is just for a single day, it's hard to extract any noticeable seasonality or recurring patterns, as those usually become apparent over a longer period of time. However, no specific pattern is evident within this daily data. The exchange rate remains fairly unchanged, suggesting no significant intraday seasonality on this particular day.

Outliers

In terms of outliers within the dataset, there is a minimal fluctuation between the values 0.00709 and 0.0071. These are arguably negligible and can be attributed to normal market activity rather than outlining major deviations from the trend. The exchange rate for this particular day is very stable and doesn't deviate much from the said values, indicating no outliers in this particular dataset.

Summary of Last Month

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Statistical Measures

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Trend

Introduction

The provided data consists of timestamped exchange rates (LRD). Notably, this is a time series data type, which will provide insights into how the exchange rate has moved over time. A comprehensive analysis involves understanding the overall trend, spotting any seasonality, and identifying outliers.

Overall Trend

From an up-close examination of the data, the exchange rates seem to remain relatively stable over the time series. There's a subtle change from 0.00711 to 0.00709 - a slight decrease across the time series. This overall trend of slight decrease suggests a degree of stability in the rates with marginal deflation.

Seasonality Pattern

Regarding seasonality, the data set doesn't seem to display a clear seasonal pattern due to its high stability. High-frequency oscillations or repeating patterns would indicate a presence of seasonality in the data, but the LRD rate here remains mostly constant.

Outliers Detection

Anomalous values or outliers, in this context, would be defined as significant departures from the general trend or repeating patterns. In the given dataset, since the LRD rate remains steady around 0.0071 and 0.00709, any significant departure from these figures can be noted as an outlier. However, the prevailing rate is very stable, so there appears to be no prominent outliers.

Conclusion

This exchange rate (LRD) analysis suggests a minor decrease in the rate over the specified range, with a prevailing lack of seasonality or notable exceptions. The remarkable consistency of the rates indicates a stable financial scenario during these timestamps.

Please note, however, this analysis is solely based on the provided data and does not take into consideration any potential external influencers like financial news, events, weekends, holidays, market hours, and similar factors. For a more comprehensive view and understanding of why the rate has behaved the way it did during this period, such factors would ideally need to be considered.