2024-05-17 Liberian Dollar News
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2024-05-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overview Analysis of the Dataset
Analyzed this time series dataset which presents the changes in exchange rates (LRD) at different time intervals, it is observed that the overall trend of the data appears relatively stable. After initial observation of the data, the figures for the LRD exchange rate hover around 0.00703 to 0.00705 most of the time. There are only subtle fluctuations in the dataset which deviate from this range. Therefore, any sharp or drastic changes could be considered as outliers.
Trend Analysis
Majority of the LRD exchange rates revolve around 0.00703 to 0.00705. This indicates that the rates have remained relatively stable throughout the time period of this dataset. There doesn't seem to be an increasing or decreasing trend observed with this particular data.
Identifying Patterns and Seasonality
From this initial analysis, there is no clear visual seasonal pattern or recurring pattern in the fluctuations of exchange rates. The rates tend to fluctuate within a very narrow margin. However, a deeper statistical analysis would be required to confirm this observation and find any hidden patterns or seasonality within the data.
Outliers
As for outliers in this dataset, by considering the overall pattern, any values that drastically move away from the range between 0.00703 and 0.00705 could potentially be treated as outliers. However, no such values are observed in the dataset.
Please note that this analysis is strictly based on the given dataset and doesn't consider factors like market opening/closing hours, weekends/holidays, or the release of key financial news which might influence the exchange rates.
![Steady Surge in LRD Exchange Rate Indicates Market Stability](http://currencymart.net/images/news/liberian-dollar/2024-05-17/img-4wtNHOfc3ZYFuyJ2LK85nesg.webp)