Unwavering LAK Exchange Rate Stays Incredible Stable Through the Day
2024-05-13
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
Upon analyzing the data, the following observations have been made:
1. Understanding the Overall Trend of the Exchange Rates:
Based on the given dataset, it is observed that the exchange rates (LAK) remain stable throughout the time period. That is, there is no identified trend of increase or decrease in the exchange rates as the value of LAK is consistently 6.0E-5 at every recorded timestamp. This level of stability is unusual in a financial context as exchange rates tend to fluctuate based on numerous factors such as inflation, interest rates and political stability.
2. Identifying Seasonality or Recurring Patterns:
With the exchange rate remaining constant throughout the period, there appears to be no seasonality or recurring pattern in the data. The uniformity of the exchange rate indicates a lack of any identifiable patterns tied to specific time frames or periods. This lack of variability in the exchange rates throughout the timestamps suggests that there are either strong controls in place to maintain this rate or the data lacks the variability normally observed in exchange rate data.
3. Outliers and Significant Fluctuations:
Given the constant nature of the exchange rate in this dataset, there are no outliers or instances where the rate differs significantly. Every recorded LAK exchange rate in this dataset is the same, therefore there are no deviations from the established rate. Generally, in financial datasets, outliers or significant deviations can often signal unique, important events or shifts in the market. However, in this data, the lack of any such events is evident.
To summarise, based on the provided dataset, it is evident that the LAK exchange rate remained constant throughout the period at a rate of 6.0E-5. There was no observed trend, seasonality or outliers in this data. While this is unusual in financial data, it could be indicative of strong controls or lack of variability in the factors influencing this specific exchange rate.