Unprecedented Stability in LAK Exchange Rate Kept Investors On Their Toes
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2024-05-09
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
As given, every exchange rate from the dataset is 6.0E-5. The exchange rate seems to be perfectly stable over the period shown as there are no fluctuations in the data provided. This implies that the exchange rate has neither increased nor decreased over this particular period, which is an unusual scenario in any foreign exchange market.
Identifying any seasonality or recurring patterns in the changes of exchange rates
Because the exchange rates provided in the dataset are constant, no seasonality or recurring patterns can be identified. A varying exchange rate over different time periods would be required to identify whether there are any cyclical changes that repeat over each day or hour. However, in this dataset, the relative lack of variability in the data suggests that there is no clear pattern or trend.
Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
Given the constant nature of the exchange rates provided, there are no outliers in the dataset. An outlier would be any rate that significantly deviates from the 6.0E-5 value. However, as per the dataset provided, such deviation does not exist.
In summary, the dataset provided does not exhibit the usual characteristics expected from time series data related to exchange rates. Normally, one would expect to see fluctuations in the exchange rate value over time depending on various factors such as supply and demand, inflation, general economic performance, etc. However, the dataset given is rather constant, which limits the amount of analysis and insights that can be drawn from it.
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