2024-05-14 Latvian Lats News
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2024-05-13
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Data Analysis Overview
Before diving into the analysis, let's first understand the structure of the data provided. The data consists of timestamps followed by exchange rates. The timestamp denotes the specific moment when the exchange rate data was recorded. The exchange rates give us an idea of how values fluctuated over time.
Understanding the overall trend of the exchange rates
From the eye inspection of the data provided, that spans over a day, the exchange rate appears somewhat volatile, fluctuating up and down around the 2.261 level. There does not seem to be a clear upward or downward trend in the exchange rates within this 24-hours period: it started at around 2.26198, experiencing some fluctuations, and ended at around 2.26147. It therefore seems like the rates remained relatively stable over the period shown.
Identifying any seasonality or recurring patterns
Given that the data provided spans over the course of a day, it may be challenging to accurately identify any seasonality or recurring patterns. Seasonal fluctuations often become evident over longer periods (e.g. weekly or yearly). However, a slight fluctuation can be observed during the data, indicating there may be specific times throughout the day where the exchange rate typically increases or decreases, but significant seasonality cannot be determined from this single day of data.
Noting any outliers or instances where the exchange rate differs significantly
Focusing on the extreme values recorded within the data, the highest exchange rate recorded was 2.26248, while the lowest exchange rate was 2.25918. It's not a large difference in the context of over 500 entries, indicating absence of any significant outliers in this data set. Most of the exchange rates appear to be within a small range of fluctuation, without any significant unexpected spikes or drops.
Conclusion
In summary, this single-day data on LVL exchange rates does not appear to show a clear trend or significant seasonal patterns. It remained relatively stable. There were slight fluctuations throughout the day, but there doesn't seem to be any significant outliers or extreme exchange rate values. The data shows the volatile nature of exchange rates and how they can fluctuate quickly even within a single day. This analysis has kept only to the data provided, and does not account for possible external factors such as market conditions or specific events, as you requested.
![Exchange Rates See Slight Rebound As Market Turbulence Eases](http://currencymart.net/images/news/latvian-lats/2024-05-14/img-HeDfTBZg3tegJFeN6g1qnzMp.webp)