2024-04-29 Libyan Dinar News
2024-04-28
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the overall trend of the exchange rates:
Upon evaluation of the LYD exchange rate data provided, the overall trend seems to fluctuate and does not maintain a clear upward or downward trajectory. The exchange rate starts at 0.27983 and ends at 0.28081. While there is a slight increase over the period, there are several instances of noticeable decline and then rise, suggesting a volatile behavior. If we consider overall behavior, the exchange rate seems to be relatively stable with minor fluctuations. It is also important to consider that the largest recorded exchange rate is 0.28562 while the smallest is 0.2797, indicating a relative overall stability in the exchange rates.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates:
Regarding seasonality or recurring patterns in the changes of exchange rates, this is a complex aspect requiring more data than available here. You would need data mapping onto the entirety of the year and potentially several years' worth of data to confirm a seasonal trend. From the data at hand, no clear daily or monthly pattern is discernible. However, it's notable that there are peaks and valleys consistently throughout the data set, but without consistent timing or periodicity.
3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality:
Looking at the data provided, the LYD exchange rate is relatively stable. There aren't major changes that would indicate an outlier in this set. While there are fluctuations, a movement of 0.1 or 0.2 in perpetuity is quite standard in the foreign exchange market and is not indicative of an outlier. Therefore, within this data set, we do not observe any instances where the exchange rate differs significantly from the established trend.
Please take into consideration that this is a basic analysis that works only with given data. For a more comprehensive and predictive analysis, factors such as market opening/closing hours, weekends/holidays, release of key financial news and reports, and other economic indicators should ideally be considered in conjunction with this.
