2024-05-15 Lebanese Pound News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-14
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
First of all, it's important to mention that the data provided is repetitive and holds the same value (2.0E-5) for all the timestamps. This lack of variability in the data points indicates that there's no real change or trend in the value of the exchange rates that can be observed across this period. However, we will provide the analysis based on the information given.Understanding the overall trend of the exchange rates
Given that the value of the exchange rate remains constant throughout all timestamps (at 2.0E-5), we can deduce that there's no observable trend in the data. The exchange rate does not increase, decrease, or fluctuate – it simply remains stable across the entire period.
Identifying any seasonality or recurring patterns in the changes of exchange rates
Seasonality refers to patterns that repeat at regular intervals, often related to the time of day, week, month, or year. However, in this dataset, the exchange rate is constant at all times, meaning we do not observe any patterns or seasonal changes.
Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
An outlier would be a value that differs significantly from other values in the data set. With all exchange rates being consistently at 2.0E-5, we have no variability, therefore no outliers can be observed. Every data point is effectively identical to every other, which prohibits the identification of outliers.
This analysis is based entirely on the data provided and does not consider external factors like market opening/closing hours, weekends/holidays or the release of key financial news and reports. Furthermore, as per the request, no future rate forecast has been made. Typically, changes in exchange rates would be influenced by a multitude of elements such as inflation rates, interest rates, political stability etc. However, none of this could be inferred from the detail in the dataset provided due to the lack of variability.![Unwavering Stability: LBP Exchange Rates Display Remarkable Consistency](http://currencymart.net/images/news/lebanese-pound/2024-05-15/img-Cemby6URCPBUDVfj2LQ2gK1r.webp)