2024-05-22 Latvian Lats News
2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Without the aid of visualization or any additional context, here's a general analysis based on the data given:
1. Overall Trend of Exchange Rates
Based on the given data, the overall trend of the LVL exchange rate seems to fluctuate minutely within a certain range - specifically between 2.25091 and 2.25986. It does not indicate a clear increasing or decreasing trend as it seems to oscillate up and down within this range. First, it slightly decreases, then it goes up around 07:35 reaching the maximum value at 08:05 then it slightly decreases again.
2. Seasonality or Recurring Patterns
In regards to seasonality or recurring patterns, this conclusion would be much easier with larger data over a wider time period or/and visualizations. As this data is only for a single day, it is difficult to see any distinct hourly patterns. We can see slight increase around 07:35 then decrease and again increase around 14:35. But these are minute changes and could merely be due to the market's inherent volatility. Therefore, based purely on the data given, there does not appear to be any consistent, noticeable seasonal trends or patterns.
3. Outliers in The Exchange Rates
Judging by the provided data range, there doesn’t appear to be any significant outliers in the data. All the values lie within a small band, and there doesn't seem to be any extreme deviations from the general trend of the data. However, without proper statistical analysis or visualization, it's hard to definitively identify outliers.
In conclusion, the provided data set for the foreign exchange rates displays mild fluctuation within a narrow range but does not show a significant overall upward or downward progression or any discernible seasonal trends. However, a more detailed analysis might yield different insights and would be recommended for a comprehensive understanding.
