2024-05-15 Liberian Dollar News
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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
Overall Trend of Exchange Rates
Upon analysis of the data provided, it is found that the LRD exchange rate generally remained consistent throughout the given time frame. The exchange rate mostly fluctuated between 0.00705 and 0.00707, indicating a relatively stable currency rate environment during this period. There was no significant increasing or decreasing trend observed in the exchange rates.
Seasonality and Recurring Patterns
In terms of seasonality or recurring patterns, no distinctive pattern could be discerned within the provided time-series data. The exchange rate oscillates within a narrow band and there isn't any evident cyclical trend that could point towards a specific seasonal effect. It may be necessary to take into account more data or use other external factors like financial news, analytical reports, economic indicators etc to identify any seasonality effects. However, according to the goal set, these external factors are not considered in this analysis.
Outliers in Exchange Rates
Regarding outliers, the dataset shows no prominent deviation from the general trend. All the rates remained within the narrow range of 0.00705 to 0.00707. Hence, as per the data provided, there weren't any instances where the exchange rate exceeded or fell below this range, suggesting an absence of significant outliers during this time frame.
Conclusion
In conclusion, the LRD exchange rate was fairly stable during the period displayed in the data, with no significant up or down trends, recurring seasonal patterns, or outliers. However, this analysis could benefit from the incorporation of external, market-related factors for a more in-depth understanding of the exchange rate's behavior.
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