Libyan Dinar Forecast

Not for Invesment, Informational Purposes Only

Summary of Yesterday

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Statistical Measures

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Trend

Overall Trend of Exchange Rates

The overall trend in the exchange rate of LYD based on the timestamp indicates a relatively stable rate. There are some minor fluctuations throughout the timeframe observed, but no significant or consistent increase or decrease can be detected. There is a slight dip at around 8:00 which then smoothens out towards the end of the day.

Seasonality or Recurring Patterns

As this is only a single day's data, it's difficult to extract any meaningful recurring patterns or seasonality related to days of the week or months of the year. That would require a more extensive dataset spanning through different seasons or even years. However, within the day's data available, the LYD exchange rate seems to have a slight increase during the early hours, which drops in the middle of the day and then recovers towards the evening, though these changes are minor.

Outliers in Exchange Rates

There don't appear to be significant outliers in the LYD exchange rate as per the data given. None of the data points deviates significantly from the rest. Most fluctuations throughout the day seem to be minor and within a reasonable range of rates based on the overall trend.

Note: These conclusions are purely based upon the limited dataset provided and do not take into account external factors that could have influenced these rates, such as relevant financial news released, market opening/closing hours, weekends/holidays etc. For a more comprehensive analysis, a longer period of data as well as access to such external information may be needed.

Summary of Yesterday

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Statistical Measures

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Trend

1. Understanding the overall trend of the exchange rates

The presented dataset represents financial data related to LYD exchange rates spread over a specific period. The data indicates fluctuations in the exchange rate, highlighting its volatility during the period. However, to clearly understand the trend, an analytical representation of the data is required, which might involve graphical visualization - a line graph representing changes over time would show whether the rates generally increase, decrease, or remain stable over the period. As the specific analytic representation has not been executed, the general observation indicates a fairly stable rate, with the LYD rate fluctuating slightly around a central value.

2. Identifying any seasonality or recurring patterns in the changes of exchange rates

Inspection of seasonality or recurring patterns requires an analytical approach involving decomposition of the data into its various components such as trend-cycle, seasonal, and residual components. Your data, whether daily, weekly, or annually, might display some seasonality. Here, the data appears to be intraday, hence may show patterns related to market hours. However, in this plain analytical pass, definitive statements about seasonality or recurring patterns cannot be asserted. Further analysis using time series analysis methods like autocorrelation and Fourier transforms would be necessary for this.

3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality

Outliers are observations that lay an abnormal distance from other values. In this data set, due to the nature of financial data, you may experience instances where extreme events cause large spikes or drops. Identifying these would involve a more detailed statistical analysis such as standard deviation or the use of models such as the Generalized Extreme Value (GEV) model. These techniques allow us to understand how extreme these 'extreme events' are and whether they can be classified as outliers. Without an analytical view, the identification of outliers is ambiguous.

Summary of Yesterday

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Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overall Trend Analysis

Based on the provided dataset, the LYD exchange rate depicts minor fluctuations over the time frame provided. To ascertain the precise trend - whether it's ascending, descending, or steady - calculating the average exchange rate change or visually graphing the rate over time would be beneficial. Nevertheless, no significant long-term incremental or decremental trends jump out from the data set.

Seasonality and Recurring Patterns

In the context of currency exchange rates, seasonality refers to predictable and recurring patterns or cycles that emerge over the course of the year. From the data provided, it's difficult to conclude decisively about the presence of seasonality. That said, no pronounced recurring patterns could be discerned directly from the raw data. For a more robust confirmation, advanced time-series analysis or decomposition methods may be employed to better spot any seasonal or cyclical patterns that aren't immediately apparent.

Outliers or Significant Rate Deviations

Outliers in a dataset are values that are notably different from most other values. For this dataset, the exchange rates don't demonstrate extreme variability: they fall in a relatively stable range. However, a more meticulous outlier detection would necessitate statistical analysis, such as establishing standard deviations or using methods like the IQR (Interquartile Range).

Although the provided dataset does not suggest drastic fluctuations in the exchange rate, it's imperative to remember that external factors significantly influence exchange rates. It includes factors like macroeconomic indicators, geopolitical events, and changes in the global marketplace. This simple data review disregards such external elements and focuses solely on the presented dataset.

Summary of Last Month

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Statistical Measures

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Trend

Data Analysis on LYD Exchange Rate Trends

After analyzing the provided time series data for LYD exchange rates, the following observations have been made:

1. Overall Trend

The overall trend seems relatively stable with some minor fluctuations. The rate started at 0.28154 and ended at 0.28116 which indicates a minor decrease. However, the rate showed several waves of peaks and troughs in between signifying varied fluctuations.

2. Seasonality or Recurring Patterns

In terms of seasonality, there doesn’t seem to be a clear pattern at the intervals provided within the data set. However, the data does show short periods of increase followed by decrease suggesting a possible daily fluctuation pattern that could be further investigated with additional data.

3. Outliers

As for outliers, the exchange rate stays within a narrow band and any significant variation beyond this could be considered an outlier. There is one noticeable time period (around 11:20am) where the rate rises to 0.28222 which can be considered as a potential outlier as it deviates from the common rate both before and after this timestamp.

Given this analysis is based solely on the provided data and does not take into account external factors such as market conditions or specific events which could have significant impact on exchange rates.

Please note, further in-depth analysis could be provided with longer duration of time-series data.

Summary of Last Week

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Statistical Measures

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Trend

Overview of LYD Exchange Rates

Overall, the LYD exchange rate data fluctuated over the time period presented, with both increases and decreases, indicating volatility in the market. The highest observed rate was 0.28568, while the lowest rate stood at 0.27814. A more detailed analysis would allow us to identify any specific patterns or trends within this volatility.

Trend Analysis

From a macro perspective, the data does not exhibit a clear increasing or decreasing trend over the entire period observed. However, we can see periods of sustained increase or decrease in the exchange rate. For example, we see a clear increase in value from 2024-03-22 to 2024-03-27, followed by a period of comparative stability and then another increase around 2024-04-15. Understanding the specific drivers of these trends would require further data.

Seasonality

The dataset does not readily indicate any strong seasonality or recurrent patterns at first glance. However, one might hypothesize some recurring patterns on a smaller timeframe, such as possible daily fluctuations due to factors such as market opening and closing times. But as limited by the scope, we cannot employ any such hypotheses and hence, further investigation into possible cyclic nature of rates might be needed to ascertain this.

Outliers

Given the turbulent nature of exchange rates, identifying outliers in this dataset isn't straightforward. Generally, outliers could be considered those values that significantly deviate from the trend within a given time period. In this dataset, the most substantial fluctuations, or possible outliers, appear around 2024-03-26, 2024-04-03, and 2024-04-10 - with unusually sharp increases or decreases compared to immediately preceding timepoints.

Summary

  • The LYD exchange rate appears to fluctuate significantly over the studied period, with periods of both increase and decrease.
  • No clear long-term increasing or decreasing trend can be observed over the entire time period.
  • The dataset does not show a clear pattern of seasonality.
  • Potential outliers representing substantial rate fluctuations are observed around certain dates.

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

The data provided contains time-series information of LYD exchange rates. The following represents a detailed analysis of the dataset.

1. Overall Trend of the Exchange Rates

Looking at the given data of LYD exchange rates at different timestamps, the overall trend seems somewhat stable with minor increases and decreases over the given period, but no dramatic upward or downward trends are identifiable from the dataset. It has been observed that the exchange rate fluctuates between a value of approximately 0.281 and 0.286.

2. Identifying Patterns and Seasonality in the Exchange Rates

With regards to seasonality, it's difficult to identify a clear pattern based on the data provided. The exchange rates do not demonstrate a consistent pattern of increasing or decreasing at certain times of the day, or specific days. There might be some underlying seasonality; however, it would be necessary to analyze the data over a longer period to identify any recurring patterns or trends.

3. Identifying Outliers in the Exchange Rates

  • One notable outlier is observed on 2024-04-17 around 07:00:03, where the exchange rate suddenly dipped to 0.28321 from the previous value of 0.2856. This is a sudden and significant decrease, far exceeding the usual fluctuation in the data observed.
  • Another distinct outlier can be observed on 2024-04-16 around 08:00:02 when the exchange rate increased to 0.28596 from the previous rate of 0.28514. Again, this sharp increase stands out in the general stability of the dataset.

In conclusion, understanding this time-series data requires recognizing the fact that market exchange rates are influenced by a multitude of factors. While we've noted a relative level of stability, occasional fluctuations and outliers are very much a part of these datasets.

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Overall Trend in Exchange Rates

Upon studying the data set provided, it is discernible that the exchange rate has not seen any major fluctuations. The rate has remained relatively stable, with minor fluctuations that are typical in currency exchange rates. There were subtle decreases and increases at different times, but there has been no drastic increment or decrement over the period shown.

Seasonality or Recurring Patterns

While studying the dataset, it becomes apparent that there is no clear seasonality or recurring pattern evident in this dataset. The exchange rate does not consistently increase or decrease at specific times, suggesting that the rate is influenced by more unpredictable, random factors. This indicates a level of uncertainty in the market, which is a common characteristic of exchange rate data.

Outliers in the Dataset

As it can be seen from the dataset, there are no clear outliers. The range of variation in the rates is relatively narrow. Each individual rate doesn't deviate considerably from the mean value, signifying there aren't any data points that drastically differ from the bulk of the data.

Remember that external factors not considered here can have a very strong impact on financial markets and exchange rates, hence more comprehensive examination, including such factors, might provide different insights and conclusions.

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