2024-04-23 Liberian Dollar News
2024-04-22
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
Introduction
The provided data consists of timestamped exchange rates (LRD). Notably, this is a time series data type, which will provide insights into how the exchange rate has moved over time. A comprehensive analysis involves understanding the overall trend, spotting any seasonality, and identifying outliers.
Overall Trend
From an up-close examination of the data, the exchange rates seem to remain relatively stable over the time series. There's a subtle change from 0.00711 to 0.00709 - a slight decrease across the time series. This overall trend of slight decrease suggests a degree of stability in the rates with marginal deflation.
Seasonality Pattern
Regarding seasonality, the data set doesn't seem to display a clear seasonal pattern due to its high stability. High-frequency oscillations or repeating patterns would indicate a presence of seasonality in the data, but the LRD rate here remains mostly constant.
Outliers Detection
Anomalous values or outliers, in this context, would be defined as significant departures from the general trend or repeating patterns. In the given dataset, since the LRD rate remains steady around 0.0071 and 0.00709, any significant departure from these figures can be noted as an outlier. However, the prevailing rate is very stable, so there appears to be no prominent outliers.
Conclusion
This exchange rate (LRD) analysis suggests a minor decrease in the rate over the specified range, with a prevailing lack of seasonality or notable exceptions. The remarkable consistency of the rates indicates a stable financial scenario during these timestamps.
Please note, however, this analysis is solely based on the provided data and does not take into consideration any potential external influencers like financial news, events, weekends, holidays, market hours, and similar factors. For a more comprehensive view and understanding of why the rate has behaved the way it did during this period, such factors would ideally need to be considered.
