LVL Exchange Rates Buck the Trend Amid Market Fluctuations
2024-05-05
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of overall trend
From the data provided, there is a slightly upward trend in the exchange rates (LVL) over the period observed. This trend suggests a general increase in the value of the currency against its pair over the time frame. The increase, however, remains slight signifying only a marginal gain over time. There are periods of stability in the exchange rate, interspersed with periods of moderate gains which contribute to the overall upward trend.
Seasonality and recurring patterns
Regarding seasonality, this dataset does not provide enough data for a definitive identification of seasonal patterns. The data collected span for approximately a month, which is typically insufficient for identifying seasonal trends. However, some recurring patterns are evident. The data shows higher exchange rates during the weekdays compared to the weekends, indicating that the market is more active during regular business days. Moreover, there seems to be an intraday pattern where the exchange rate slightly decreases early in the day and gradually increases throughout the day, indicating potential day trading activities influencing the exchange rates.
Noteworthy outliers
The dataset contains a few apparent outliers where the exchange rate significantly deviates from the general trend. For instance, there are several cases of significant drop or jump in the exchange rate within a short period. These cases could be due to various factors such as major market events or irregular market activities. However, the provided data is insufficient to make detailed attributions.