2024-05-08 Latvian Lats News
2024-05-07
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Analysis of the Overall Trend of Exchange Rates
Upon observing the given dataset, it appears that the exchange rate has generally shown a slight upward trend throughout the period. The value of LVL started from approximately 2.26181 and concluded at about 2.27355. The incline is not drastic but is certainly not negligible. It is important to note that this trend does not suggest that the value has consistently been rising over the given period. Instead, it points out that the overall change from the start to the end is an increase, but during this period, the value has also seen some decreases and periods of relative stability.
2. Identification of seasonality or recurring patterns
In the given time-series data, due to the minute intervals of the dataset, it is challenging to identify explicit seasonality or patterns without a more detailed analysis. A more profound period, say for a span of several months or even years, might have provided better insight. However, upon visual inspection, no apparent cyclic or seasonal pattern can be detected from the given data.
3. Noting any Outliers
Throughout this dataset, there doesn't appear to be any significant outliers or spikes in the data. Most fluctuations in value happen incrementally and don't seem to represent clear anomalies. The changes in rates seem to be within normal limits for what might be expected in day-to-day trading within regular trading conditions. Further statistical analysis can be implemented to ascertain this aspect with a higher degree of accuracy.
4. External Factors
As per the provided instruction, this analysis does not consider external factors such as market opening/closing hours, weekends/holidays, the release of key financial news and reports etc. Indeed, such factors could significantly influence the pattern of fluctuations in the exchange rate. However, since they are not considered in the current analysis, their possible effects are not discussed here.