2024-05-10 Liberian Dollar News
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2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Trend Analysis of Exchange Rates:
The provided dataset presents the LRD exchange rate from "2024-05-09 00:00:02" to "2024-05-09 23:55:02". Upon initial review, the exchange rate starts and ends on a similar note at "0.0071" and "0.00708" respectively. Although there is minimal fluctuation throughout the day, the overall exchange rates appear to be relatively consistent.
2. Seasonality and Recurring Patterns:
Upon examining the time-patterns within the data, there does not appear to be any obvious periodic or regular fluctuation which would imply any form of seasonal trend. The LRD exchange rate remains primarily steady throughout the day with insignificant variation. This suggests a potential absence of any predominate seasonality or recurring patterns within this specific dataset.
3. Identification of Outliers:
Provided data set doesn't show any significant variation of LRD exchange rate from the consistent trend, which indicates absence of considerable outliers in the data. However, minor changes in the exchange rate value can be observed at some points but such alterations are too slight to be considered as outliers or significantly unexpected changes considering the pattern and consistency of the exchange rates.
4. Additional Considerations:
It is fundamental to consider that the given analysis is purely predicated on the furnished numeric data and does not take into consideration any external market factors such as market opening/closing hours, public holidays, or weekends that may influence the exchange rates. Other externalities like key economic or financial news and reports, which might have significant influence on exchange rates, have not been considered too.
This analysis has been performed to provide insights into historical data trends and does not generate any predictions concerning future rates. The results should be utilized for historical trend understanding rather than predictive purposes.
![Unfaltering Stability in LRD Exchange Rates Dominates the Market](http://currencymart.net/images/news/liberian-dollar/2024-05-10/img-Q3fk00OKssLS9K8Gsfc56xsL.webp)