Summary of Yesterday
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Analysis of LKR Exchange Rate Time-series Data
The dataset provided chronicles a range of exchange rate values for the Sri Lankan Rupee (LKR) over a span of a single day. Accordingly, the insights and assessments derived from the data primarily revolve around this limited time frame. For more accurate and far-reaching analysis, a more extended data set across days, weeks, or even years would be more beneficial. As the task suggests, no consideration is made for market behaviour, specific global events, or future forecasting when analysing the data.
Observations for LKR Exchange Rate
The exchange rate of LKR remained remarkably stable throughout the time frame covered by the data points provided. The value largely stayed consistent at around 0.00438, with very minimal fluctuations. There were only a few instances where the rate deviated to 0.00439 or 0.00437.
The trend in this case is fairly consistent, with only minor fluctuations occurring. The minor changes do not display a clear increase or decrease and are not significant enough to indicate a recognizable pattern or trend within this data set.
With the data provided spanning a single day, it is challenging to identify seasonality or recurring patterns. However, no obvious cyclical trends, repeating patterns or regular fluctuations have been identified within this 24-hour period.
Given the remarkably stable exchange rate throughout the day, the occurrences of 0.00439 and 0.00437 can be regarded as outliers. Even though the difference appears to be minuscule, these values deviate from the prevalent data trend of 0.00438.
As seen in multiple instances over the time series data, significant shifts or "spikes" are conspicuous by their absence. The rate seems to be highly resilient to dramatic changes, and maintains steady within the aforementioned range.
The LKR exchange rate within the given time period remains predominantly flat with minimal fluctuations. There are no identifiable trends, recurring patterns or significant outliers evident from the available data. These observations could potentially indicate a stable economic scenario during this specific time period, but it is also necessary to cross-verify these assumptions logically with contextual real-world events.
It's also important to note that this analysis is based entirely on the data provided, and it does not take into account global economic circumstances or changes in other macroeconomic indicators. For a more detailed and precise analysis, a broader range of data and indicators would be required.