2024-05-21 Liberian Dollar News
2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
First, let's look at the overall trend of the exchange rates. The data provided contains hourly readings of the LRD exchange rate for the date of May 20th, 2024. The rates generally seem to remain stable over the period shown. The majority of readings maintain a stability around the benchmark of 0.00703 - 0.00705. While there is a very minimal variance in the rate, indicating a slight uptick, there is not a significant increase or decrease over this time period.
Hourly Seasonality
In terms of any observed seasonality in the data, because this data only spans the course of one day, it is difficult to definitively identify any patterns within this single day. However, noting the data, there doesn't appear a noticeable variation that we could link back to seasonality within the day. The LRD Exchange Rate remains quite stable, without significant peaks or troughs.
Detection of Outliers
Regarding outliers, given the overall performance of stability in the exchange rates, there are no significant outliers within this dataset. The rates are consistently within the range 0.00703 - 0.00705, with the towering majority of rates residing within this range. Therefore, there are no instances where the exchange rate deviates significantly from the observed narrow range of rates.
To conclude, the LRD exchange rate on May 20th, 2024, demonstrates a high level of stability and consistency, with a rate residing almost entirely within the very narrow range of 0.00703 - 0.00705. No notable seasonality effect or outliers were detected in this set of data.