2024-04-26 Liberian Dollar News
2024-04-25
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of the Exchange Rates
From the dataset given, there is a relatively steady exchange rate with minor fluctuations, suggesting a stable market for the LRD over the period observed. The exchange rate starts at 0.00709 and ends at 0.00706 which indicates there is a very slight depreciation of the LRD during the period.
Seasonality or Recurring Patterns in the Changes of Exchange Rates
Given the nature of the time series data, it is difficult to discern any high-frequency seasonality (like an intraday pattern) due to the relatively steady rate. However, there seem to be slight movement in the downward direction, indicating a possible general trend but not necessarily a seasonal one. Further analysis would be needed with more dataset to conclude about seasonality or recurring patterns.
Outliers in the Data
Within the given dataset, there are no significant exchange rate changes from the general trend which implies no notable outliers in this data. There is a lack of extreme fluctuations which signifies a stable foreign exchange situation for the LRD over this data period.
Note
This analysis disregards the potential effects of external events such as changes in market conditions, political events, or the release of significant financial reports which could have effect on the foreign exchange rate. Should these factors be considered, the results of the analysis may differ.