Lithuanian Litas Forecast

Not for Invesment, Informational Purposes Only

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 Analysis

After examining the provided data, we can identify several attributes that show trends in the LTL exchange rate across the given time. The dataset commences with an exchange rate of 0.46367 and concludes with an exchange rate of 0.46241. The highest rate in this set is 0.46487, whereas the lowest rate is 0.46233. Although there are ups and downs during the period, an overall downward trend can be identified as the ending value is lesser than the beginning value.

Seasonality and Recurring Patterns

Within the presented time series data, it appears that there are periods of fluctuation followed by stability. However, without further detailed data, confirming exact cyclical patterns is challenging.10 and 15-minute intervals do not seem to have any clear recurring patterns regarding the change in currency exchange rate. More granular data is required to come to a definitive conclusion regarding this aspect.

Analysis of Outliers

Throughout the time series data, there are no drastic deviations or outliers. In a broad perspective, the fluctuations in the exchange rates are mild and not extreme. However, the highest value of 0.46487 and the lowest value of 0.46233 might be considered as mild outliers in this dataset. Since the provided data does not depict any anomalous points of changes that could be potentially disruptive, the rates generally demonstrate a reasonable range of variation.

For more profound insights, a deeper and more detailed analysis using quantitative statistical tools could be carried out. It is worth noting that these findings are based solely on the data sets provided and do not consider other possible influences like market dynamics, trading hours, economic indicators, and major world events.

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

1. Understanding the overall trend of the exchange rates

Before we perform any kind of analysis, it's important to note that the observations appear to be taken every 5 minutes. With this fine-grained level of data, we can get a good picture of how the exchange rate has evolved over time.

From an initial analysis of the data, it appears that the exchange rate of the LTL increases slightly starting from the lower rate of 0.46281. While there are fluctuations, the general trend shows a gradual increase until it reaches a peak of 0.46496. After that, it slightly decreases but remains relatively stable around a rate of 0.464. Towards the end of the dataset, there seems to be a decline in the exchange rate which drops to 0.4637.

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

The dataset covers less than 24 hours of intraday data, which makes it difficult to identify any certain seasonality or recurring patterns. Typically, these patterns are noticeable when we examine data over a longer time horizon, particularly over months or years. This allows us to identify patterns tied to specific events, such as market hours or the release of financial reports. Unfortunately, with this dataset, it is unclear if there are intraday seasonal patterns.

3. Noting any outliers, or instances where the exchange rate differs significantly based on trend or seasonality.

Given the short span of the data and the relative stability of the exchange rate shown, there don't seem to be any obvious outliers in this data set. With a more extended data set, coupled with statistical tests, we might be able to identify outliers better. In this case, there are no instances where the rate changes significantly and unexpectedly.

While this preliminary analysis provides some insight, more a detailed analysis could reveal deeper trends, patterns and outliers, particularly using visualisation techniques and statistical modelling. It must be remembered that financial markets can be influenced by myriad factors, not all of which can be captured by looking at exchange rate data alone.

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

Based on the dataset provided, the overall trend of the exchange rate appears to have small fluctuations, but largely remains stable over the period under consideration. The exchange rate opens at 0.46392 on the start of the day and ends at 0.4628 by the end of the day. Although, throughout the day, the value did show deviations, it never really strayed too far from the opening rate, which indicates a relatively stable trend.

Identifying Seasonality or Recurring Patterns

With respect to seasonality or recurring patterns, a lot more data would typically be needed to make dependable observations. However, with the data provided there doesn't appear to be strong evidence of a consistent pattern or seasonality in the exchange rate fluctuations. The changes throughout the day do not follow a clear or predictable direction and rather seem to be influenced by several factors not identified within the given data.

Noting Outliers

Throughout this data, no significant outliers are evident. An outlier, in this case, would be represented as a massive spike or drop in the exchange rate within a very short period of time. The data shows normal fluctuations in the trading price, but none that fall drastically within or beyond the established minimum and maximum values.

It's important to mention that this is a simple analysis. For a more comprehensive understanding of this data, factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports should ordinarily be considered. However, as per the request, these factors were not taken into account in this analysis.

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 given dataset and analyzing it thoroughly reveals the following insights:

1. Overall Trend of Exchange Rates

The exchange rate of LTL started at a value of 0.46492 and ended at a slightly lower value of 0.46392, over the data's timeframe. Although the exchange rate experienced minor fluctuations, the overall trend seems to be fairly stable, with a slight tendency towards a decrease. The fluctuations are expected in a market condition, and the minor downward trend doesn't indicate a significant depreciation in the currency.

2. Seasonality or Recurring Patterns

Due to the nature of the provided data, it is difficult to conclusively establish any seasonal or recurring patterns in the exchange rate. However, it's interesting to observe a slight recurrent short-term fluctuation observed within smaller time frames. This phenomenon is quite typical in currency markets, often reflecting daily trade activities.

3. Identification of Outliers

There aren't any drastic spikes or drops in the data that would signify a significant outlier in terms of the exchange rate. However, there are instances where there might be small jumps in the rates that break from the general trend. Again, this is a typical characteristic of financial markets and must be perceived within the context of broader market behavior.

In summary, although the exchange rate of LTL shows minor fluctuations and a slight overall downward trend within this data timeframe, the currency appears quite stable. It's expected to see such minor ups and downs in a volatile currency trading environment. Notably, there's a lack of significant outliers in the data, which also suggests a relatively stable currency market without unexpected disruptions.

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

1. General Trend of Exchange Rates

The dataset shows a fluctuation in exchange rates over time from 2024-03-22 to 2024-04-19. The exchange rate started at approximately 0.45934 and ended at approximately 0.46539. Whilst there is an overall increase in the exchange rate during this period, the changes are not consistent. Rates rise and fall at different times, without any clear upwards or downwards trajectory. Despite the fluctuations, there isn't a considerable deviation from the starting and ending points indicating a rather stabilizing trend over time.

2. Seasonality and Recurring Patterns

Identifying specific recurring patterns or seasonality in time-series data requires a detailed and complex analysis. In this case, given the relatively short time frame of the dataset and the occasional inconsistencies in the times at which the data points have been recorded, it makes it difficult to directly identify a clear seasonality or recurring patterns in the exchange rates.

3. Outliers and Significant Deviations

  • One noticeable deviation occurs on 2024-04-10, where the exchange rate significantly goes up to 0.46222 in contrast with the previous rate of 0.45917.
  • Another noticeable increase occurs on 2024-04-12, where the rate rises to 0.46474 from the previous 0.46364.
  • A significant drop is observed on 2024-04-03, with the rate dropping to 0.45781 from the previous 0.45957.

These values deviate from the surrounding data points, marking them as potential outliers. Though this rise and fall could be typically seen as anomalies, without any specific contextual information it is not advisable to conclusively consider them as impactful outliers.

4. Impact of External Factors

While the analysis requested specific disregard of external factors, it is critical to note that exchange rates are intrinsically linked to a wide range of events and conditions. These can include changes in commodity prices, inflation rates, political instability, economic performance, and interest rates amongst others. Even within the short time span of our dataset, it is probable that fluctuations in the rates can be linked to such factors.

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

Upon reviewing the dataset for LTL exchange rates over the given period, it appears that there is a slight uptrend in the data. The rate begins at 0.46557 and ends at 0.46538, but the trend throughout the time period appears to show a subtle rise before a slight fall towards the end of the dataset. This can be confirmed with more detailed statistical analysis, but a simple observation suggests a stable increase and then a slight decline.

Identifying any Seasonality or Recurring Patterns

Reviewing the data, there’s a possible presence of a recurring pattern within this time series. It seems like the exchange rate peaks at certain times of the day, typically around the same hours, and then declines. Note that this would need a further detailed examination, typically by using time series decomposition that can separate the trend and seasonality from the observed data. There also might be a weekly pattern that can be seen by observing the same times on different days.

Noting Any Outliers

Outliers or unexpected variations in the data can be seen at several points in the dataset. These are instances where the exchange rate has changed significantly from the previous rates. From a cursory glance, these spikes do not appear to follow the general trend and could be due to various factors. It's also important to note these could be attributed to volatile market conditions, drastic currency value changes, or specific market events which have not been detailed here.

Please note that this is a basic analysis and a more detailed examination would require advanced statistical methods or machine learning techniques such as ARIMA, SARIMA, Holt-Winters methods, etc.

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 LTL Exchange Rates Time Series Data

Understanding the Overall Trend

Based on the dataset provided, there does not appear to be a clearly distinguishable upward or downward trend over the time period examined. The values seem to oscillate around a central figure, with minor fluctuations of less than 0.01 difference in the value of the LTL exchange rate.

Identifying Seasonality

In terms of seasonality, it would typically be easier to determine with more extended datasets (e.g., Yearly or Monthly) data. However, in the given dataset, some very short-term patterns can be identified. For instance, there seem to be minor fluctuations in the exchange rate within certain time periods (or hours), suggesting some level of intra-day seasonality. This could be attributable to changes in trading volumes, liquidity or other market microstructure effects during the day.

Noting Outliers

Outliers in a financial time series context would be extreme values that deviate markedly from the prevailing trend or cycle of the data. Reviewing the time series data provided, there does not seem to be any noticeable instances of such outliers, as most values tend to oscillate within a relatively narrow band, with no drastic or sudden spikes or drops.

Please note that this analysis is purely a descriptive examination of the provided data and does not imply or provide any forecasting or predictions for the future behavior of the LTL exchange rate.

Recent News