2024-04-17 Libyan Dinar News

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Follow Libyan Dinar Forecast April 17, 2024
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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 exchange rates data for the given timestamps, it shows that the exchange rate generally fluctuates between values like 0.28425 and 0.28657. The rate starts from 0.28497 and exhibits a gradual decrease till nearly 0.28422, at the beginning of the dataset. However, over time, a general increase in the value is observed, peaking around 0.28657. After reaching this point, there is some fluctuation with a slow decrease trend, leading to a similar number to the starting point, which is around 0.28586 at the end of the dataset.

Identifying Seasonality

This detailed dataset of the LYD exchange rate with 5-minute increments doesn’t seem to show a clear seasonality on a daily scale. If seasonality effects were present, we would expect to see similar patterns emerge around the same time each day, which doesn’t appear to be the case. More data might be needed with a longer duration to track seasonality on a larger time scale (like weekly, monthly).

Noting any Outliers

In the given dataset, significant outliers or instances where the exchange rate differs considerably from the trend don't seem to be occurring. The values do have fluctuations; however, those are minimal and no significant spikes or dips were observed, which would indicate a major event impacting the exchange rates.

Therefore, based on the given dataset, the LYD exchange rate exhibits slight changes over time, but the fluctuations are reasonably regular with no distinct seasonality or presence of significant outliers.

The Libyan Dinar (LYD) exchange rate exhibited a roller coaster-like pattern, according to the latest data, provided on the 16th of April, 2024. The LYD exchange rate chartered a fluctuating course throughout the day, with the exchange rate initially being at 0.28439 at the break of dawn. The LYD struggled to gain traction in the first hour, with the rate creepily moving downwards to 0.28432. However, post the first hour, the currency saw some recovery and steadily climbed to hit a pick of 0.28463 in between 1:40 to 1:45 AM. The upward trend was momentarily disrupted by a downward spike, and the LYD resumed it''s climb to end the 1st quarter of the day at 0.28549. Despite the dream run in the first few hours, the LYD faced a stumbling block at the brink of the day''s 2nd quarter, dropping to 0.28514. The rate then picked up momentum, surging to reach 0.28645 by 8:55 AM. At 9:10 AM, the LYD again faced a downward slide, dropping to 0.2865. However, at 9:30 AM, just as the finance gurus were expressing concern, the currency bounced back again - reaching up to 0.28642. Despite the high tide, a series of declinations began at 9:35 AM. After reaching a day''s lowest at 2:50 PM, with a rate of 0.285, the LYD began to recover slowly, ending the day at 0.28584. The uncertain trajectory underscores the LYD''s volatile nature. It suggests a fluctuating market sentiment, possibly in response to Libya''s economic situation. The sharp and unpredictable swings in the LYD exchange rate can dramatically impact trades that involve the currency, with the potential for large losses or profits. Investors and traders who operate on the foreign exchange market should tread cautiously, keeping a close eye on all possible contributing factors. Looking forwards, investors and traders alike will be watching the financial news for any further indication of volatile trends in the LYD''s exchange rate. The future for the LYD remains uncertain, influenced by a combination of national economic conditions and broader world market trends. The roller coaster ride for the LYD might just be the beginning of a positively thrilling journey or a downfall. Only time will tell.D Exchange Rate Witnesses Roller Coaster Ride in April The Libyan Dinar (LYD) exchange rate exhibited a roller coaster-like pattern, according to the latest data, provided on the 16th of April, 2024. The LYD exchange rate chartered a fluctuating course throughout the day, with the exchange rate initially being at 0.28439 at the break of dawn. The LYD struggled to gain traction in the first hour, with the rate creepily moving downwards to 0.28432. However, post the first hour, the currency saw some recovery and steadily climbed to hit a pick of 0.28463 in between 1:40 to 1:45 AM. The upward trend was momentarily disrupted by a downward spike, and the LYD resumed it

Current Middle Market Exchange Rate

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