2024-05-09 Latvian Lats News
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2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Data Overview
The given dataset records the changes in exchange rates (in LVL) at different time stamps in YYYY-MM-dd hh:mm:ss format, spanning from 2024-05-08 00:00:02 to 2024-05-08 23:55:02. Therefore, the data covers a complete day (May 8, 2024).
Overall Trend
The overall trend of the LVL exchange rate on May 8, 2024, appears to be relatively stable, fluctuating between the values of approximately 2.268 and 2.275. Although minor fluctuations can be seen throughout the day, the rates do not seem to depict a clear pattern of increasing or decreasing for this specific day.
Seasonality or Recurring Patterns
Given the timeframe of the data, which encompasses a single day, identifying any seasonality or recurring patterns is not feasible, since seasonal patterns typically require data over longer periods, such as months or years. However, intraday patterns could be analyzed, but no significant patterns appear evident in the provided dataset. Further, more detailed analysis could be performed with data gathered over a longer time span.
Outliers or Significant Deviations
Throughout the day, the exchange rate mostly fluctuated within a fairly close range. There seem to be no significant outlying values or deviations that could be deemed unexpected based on the overall trend of the data. Once again, it's important to note that the analysis could benefit from a larger dataset. With only 24 hours of data, significant events or outliers may not have had an opportunity to occur.
Conclusion
In summary, the given dataset of exchange rates for LVL on May 8, 2024, shows a relatively stable trend, with no significant outliers or deviations. No discernible patterns or seasonal trends are evident from the data. For a more detailed and robust analysis, particularly of patterns or seasonality, data spanning a more extended period would be beneficial.
![Remarkable Unpredictability in LVL Exchange Rates](http://currencymart.net/images/news/latvian-lats/2024-05-09/img-Lh5w8TnDofZuCqlFjRdnBVWT.webp)