Stability Observed in LRD Exchange Rates Amid Fluctuating Economic Conditions
2024-05-01
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
Observing the time-series data, it can be seen that the exchange rates for LRD have been relatively stable over the period shown. The exchange rates broadly oscillate around the 0.0071 - 0.0072 mark, demonstrating a flat, steady trend with minor fluctuations. The start rate at the beginning of the period (0.00712) is very close to the final rate (0.0071), further confirming this.
Seasonality/Recurring Trends
Given the dataset, there doesn't appear to significant seasonality or recurring patterns within the daily timeframe. The rate undergoes minor fluctuations but largely remains around the same mark. While certain times of day may often see a slightly higher or lower rate, the variance is too small to be of notable consequence. No clear pattern of a significant increase or decrease in rates during certain hours of the day or specific timestamps can be observed.
Outliers
Throughout the given period, the exchange rate does not show significant deviation from the average range of 0.0071 and 0.0072. There is a minor dip to a rate of 0.00709 at certain timestamps, but these are not prominent enough to be considered as outliers. This minor dips occur few times and don't significantly affect the overall trend. Given the scale of rates, these can be considered regular fluctuations.
Conclusion
The LRD exchange rate is characterized by a steady trend, lacking notable patterns, seasonality, or notable outliers in the given period. This stability suggests a fairly predictable and slow-moving exchange market for LRD in the timescale examined.