2024-05-02 Latvian Lats News
2024-05-01
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
From the data set, it's clear that there are both upward and downward trends in the exchange rates. The highest exchange rate was recorded at 2.27851 and the lowest exchange rate is observed to be 2.26566, indicating there are fluctuations in the data. But it is also significant to note that the change between highest and lowest isn't too large which shows a level of stability in the rate.
Identifying Seasonality or Recurring Patterns
Time-series datasets such as this often contain underlying patterns or regularities that recur over time, these are known as seasonal patterns. Upon a preliminary examination of the given data, you can observe some recurring patterns, although they aren't periodic in a daily cycle. For most instances, the trend shows fluctuation within a certain range, indicating a certain level of exchange rate volatility, however, it would require a more advanced statistical method to confirm and quantify the recurring patterns.
Outliers in the Data
Outliers in time-series data can be indicated by sudden and unexpected spikes or drops. In this dataset, you can observe several instances where the exchange rate differs significantly from nearby data points - but not too extreme. This could be due to many factors, including market anomalies or external shocks. Please note, determining 'significant' differences can be subjective and may require statistical testing for a confirmed interpretation.
Conclusion
Overall, the time-series dataset provided reveals a constant fluctuation in the LVL exchange rate over the timestamps provided, with a range between 2.26566 and 2.27851. Seasonal patterns are difficult to conclusively identify without a more detailed statistical analysis and although there are instances where the exchange rate shows unexpected changes, outright outliers are not present on the surface. As such, the LVL exchange rates demonstrate a level of stability within a certain range, but further insight would require a more in-depth analysis.
