2024-05-22 Kip News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
After examining the dataset, there are several key observations and discoveries that stood out.1. Overall Trend of Exchange Rates
Over the period shown, the exchange rate between LAK and its unspecified trading partner remained constant at 6.0e-5. This suggests that the market for this exchange pair was highly stable for this duration.
2. Seasonality or Recurring Patterns
During the entire observed period, no discernible cyclic or repetitive variations were identified. Hence, no pattern or seasonality could be established from the given data. This also points towards the stability of this particular exchange rate.
3. Outliers in Exchange Rates
Since the LAK exchange rate remained fixed over the presented series, there were no anomalies or outliers. Every single data point strictly adhered to the primary trend without any deviations.
Conclusion
Based solely on the data presented and under the pre-specified conditions, it appears that the LAK has remarkably stable and solid forex behaviour, exhibiting no variations whatsoever in the reported period. However, a more comprehensive analysis could be performed with a more diverse dataset including varying rates and other potentially influential factors.
![Unprecedented Stability in LAK Exchange Rate Raises Eyebrows](http://currencymart.net/images/news/kip/2024-05-22/img-wCyfunPwjdCNjv90lEqwi5az.webp)