2024-05-22 Liberian Dollar News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Exchange Rate Trend
Upon studying the dataset, it is observed that the exchange rates remain on average stable between a close range of 0.00704 and 0.00707. There are very slight fluctuations, but the overall trend does not indicate any significant increase or decrease throughout the day. There are slight differences between the two boundaries; however, these changes aren't pointing to any specific trend in the exchange rates.
Seasonality and Recurring Patterns
As for the records on seasonality or recurring patterns, the provided dataset doesn't demonstrate strong periodic characteristics, meaning that there doesn't seem to be consistent patterns of highs or lows at specific intervals. However, further investigation, possibly on a larger dataset, would give a more accurate result.
Noting the Outliers
Considering the consistency and small fluctuation of change, significant outliers are not identified in this dataset. All recorded rates are situated within similar boundaries. Any exchange rate that would drift away significantly from this range could be considered as an outlier; nevertheless, the provided dataset does not contain any such values.
Please note that this analysis has been carried out without the consideration of external factors such as market-opening/closing hours, weekends/holidays, or key financial news. This sort of data might significantly affect the exchange rates and might give us a more detailed understanding of the observed patterns or anomalies.
![Stable LRD Exchange Rate Displays Notable Resilience Amid Market Fluctuations](http://currencymart.net/images/news/liberian-dollar/2024-05-22/img-YHPIxQnc4dc8Xa6oCXwWt3Fo.webp)